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2853-59 K St.

San Diego, CA 92102
  • $1,575,000
  • STATUS: ACTIVE
  • ON SITE: 67 Days
  • ID#: 220014044
UPDATED: 29 min ago
$1,575,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $630
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

Great investment opportunity at a competitive price per unit for a 4-plex in San Diego area. Almost all units have been remodeled and upgraded. This property sits on 6,959 sq ft. lot with private wood/iron fences and private yard and patios. This property features 3 separates buildings. Front unit 2859 features 3 Bedrooms -1.5 Baths and was completely remodeled in 2019 with new Vinyl floors, custom kitchen, SS appliances and a private yard. Unit 2857 and 2855 features 1 Bedroom-1 Bath, partly upgraded and good condition, a new water heater and a heater was installed in unit 2857. Back unit 2853, features 2 Bedrooms- 1 Bath, completely remodeled including new vinyl floors, new postings, new kitchen cabinets with new SS appliances, quartz countertops, barn door, lighting, washer/dryer hook up and a brand water heater. All units offer private yards or patios, great feature for rent value. Back units have one parking assigned each inside the property. Property has been well maintained by current owner. All 3 buildings have brand new roof. Property offers all four separate electrical panels. Current rents are lower than market rate. **** Projected Rent:$105,600!!!**** CAP Rate 6%***

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San Diego MLS logo 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/129544965
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2853-59 K St. San Diego, CA 92102

  • Price: $1,575,000
  • Status: ACTIVE
  • On Site: 67 Days
  • Updated: 29 min ago
  • ID#: 220014044
7
Beds
4
Baths
0
½ Baths
0.16
Acres
2,500
SQFT
$630
$/SQFT
1959
Built
Neighborhood:
Grant Hill
County:
San Diego
Area:
San Diego (92102)
Property Description
Great investment opportunity at a competitive price per unit for a 4-plex in San Diego area. Almost all units have been remodeled and upgraded. This property sits on 6,959 sq ft. lot with private wood/iron fences and private yard and patios. This property features 3 separates buildings. Front unit 2859 features 3 Bedrooms -1.5 Baths and was completely remodeled in 2019 with new Vinyl floors, custom kitchen, SS appliances and a private yard. Unit 2857 and 2855 features 1 Bedroom-1 Bath, partly upgraded and good condition, a new water heater and a heater was installed in unit 2857. Back unit 2853, features 2 Bedrooms- 1 Bath, completely remodeled including new vinyl floors, new postings, new kitchen cabinets with new SS appliances, quartz countertops, barn door, lighting, washer/dryer hook up and a brand water heater. All units offer private yards or patios, great feature for rent value. Back units have one parking assigned each inside the property. Property has been well maintained by current owner. All 3 buildings have brand new roof. Property offers all four separate electrical panels. Current rents are lower than market rate. **** Projected Rent:$105,600!!!**** CAP Rate 6%***
Exterior Features

Exterior Stucco Fencing Gate Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 Assigned Parking Garage Desc Unit4 Assigned Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 Uncovered Parking Non Garage Desc Unit4 Uncovered Pool N/K Roof Composition Spa N/K Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 4 View N/K

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Source Natural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 3.9 Age Restrictions N/K Annual Expense Actual 10000 Annual Expense Projected 10000 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community East San Diego Complex Features N/K Complex Park Grant Hill Cross Streets 29th Gross Rent Multiplier Actual 20.0 Gross Rent Multiplier Project 14.9 Gross Scheduled Income Actual 77880 Gross Scheduled Income Project 105600 Home Owners Assoc Fee Includes Roof MaintenanceSewerTrash PickupWater Mandatory Remarks None Known Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 95600 Other Fees 0.0 Other Income Actual 0 Pets Allowed W/Restrictions Possession Close Of Escrow Projected Cap Rate 6.07 Sales Restrictions N/KOther/Remarks Security N/K Sewer Septic Sewer Available Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 2859 Unit Number For Unit2 2857 Unit Number For Unit3 2855 Unit Number4 2853 Unit1 Deposit 2025 Unit1 Occupied Tenant Unit1 Projected Rent 2800.0 Unit1 Rent Actual 2000.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1800 Unit3 Rent Actual 1250.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 2400 Unit4 Rent Actual 0.0 Water Meter On PropertyN/K Zoning R-4

San Diego MLS logo Listing provided courtesy of Berkshire Hathaway Homeservice. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2022 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