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    2805 State St

    San Diego, CA 92103
    • $1,499,000
    • STATUS: ACTIVE
    • ON SITE: 52 days
    • ID#: 200047990
    UPDATED: 83 min ago
    $1,499,000
    • 3
      BEDS
    • 0.14
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Perfect opportunity for owner-occupant to enjoy quality, historic artisan craftsmanship while living in the front house and renting the rear units. Very unique property with several potential configurations: three existing units can be kept the same or converted into a larger 4-bedroom home w/ a studio as accessory unit. Additional residences allow for better use of investment, as an owner can immediately start seeing return on investment in addition to building equity. Potential for Mills Act eligibility

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/110839510
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    2805 State St San Diego, CA 92103

    • Price: $1,499,000
    • Status: ACTIVE
    • Updated: 83 min ago
    • ID#: 200047990
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.14
    Acres
    1929
    Built
    Neighborhood:
    Middletown
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    Perfect opportunity for owner-occupant to enjoy quality, historic artisan craftsmanship while living in the front house and renting the rear units. Very unique property with several potential configurations: three existing units can be kept the same or converted into a larger 4-bedroom home w/ a studio as accessory unit. Additional residences allow for better use of investment, as an owner can immediately start seeing return on investment in addition to building equity. Potential for Mills Act eligibility
    Exterior Features

    Exterior BrickWood Fencing N/K Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 0 Parking Spaces Total Unit1 2.0 Parking Spaces Total Unit2 2.0 Parking Spaces Total Unit3 1.0 Parking Spaces Total Unit4 0.0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 2 Units With Patios 1

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

    Property Features

    Actual Cap Rate 2.8 Age Restrictions N/K Annual Expense Actual 23500 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Mission Hills Complex Park None Cross Streets Columbia Gross Rent Multiplier Actual 22.5 Gross Scheduled Income Actual 66600 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricity Terms CashConventional Unit1 Deposit 2500 Unit1 Occupied Vacant Unit1 Projected Rent 2750.0 Unit1 Rent Actual 2500.0 Unit2 Deposit 1600 Unit2 Occupied Tenant Unit2 Projected Rent 1800.0 Unit2 Rent Actual 1600.0 Unit3 Deposit 1400 Unit3 Occupied Vacant Unit3 Projected Rent 1550 Unit3 Rent Actual 1450.0 Zoning R-2:Minor

    Listing provided courtesy of Bunch Realty Group. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101