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    2861-2865 State St.

    San Diego, CA 92103
    • $2,250,000
    • STATUS: ACTIVE
    • ON SITE: 20 days
    • ID#: 210002872
    Price Reduced
    UPDATED: 50 min ago
    $2,250,000
    • 6
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,300
      SQFT
    • $682
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    Extremely rare opportunity to have your cake and eat it too in one of San Diego's most incredible neighborhoods. Enjoy $12,000 of monthly income or live in the sprawling main house and collect $6,000 a month from the other three units. $500,000 was just spent updating and modernizing each unit. Each unit has their own private outdoor space, perfect for entertaining. Each unit boasts a Modern design with an open, bright floor plan - totally ready to move in! Each unit comes fully furnished!! Opportunities to increase monthly cash flow are available as current tenants are month-to month. Each unit can potentially be converted to a shorter-term model if desired. Another excellent option is to live in the main 3 bedroom house while collecting rent from the other 3 units!! The opportunity to subsidize your mortgage payment and live in one of the best neighborhoods in San Diego doesn't come around often!!!!

    Monthly Payment Calculator

    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/113894985
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    2861-2865 State St. San Diego, CA 92103

    • Price: $2,250,000
    • Status: ACTIVE
    • Updated: 50 min ago
    • ID#: 210002872
    6
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,300
    SQFT
    $682
    $/SQFT
    1932
    Built
    Neighborhood:
    Mission Hills
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    Extremely rare opportunity to have your cake and eat it too in one of San Diego's most incredible neighborhoods. Enjoy $12,000 of monthly income or live in the sprawling main house and collect $6,000 a month from the other three units. $500,000 was just spent updating and modernizing each unit. Each unit has their own private outdoor space, perfect for entertaining. Each unit boasts a Modern design with an open, bright floor plan - totally ready to move in! Each unit comes fully furnished!! Opportunities to increase monthly cash flow are available as current tenants are month-to month. Each unit can potentially be converted to a shorter-term model if desired. Another excellent option is to live in the main 3 bedroom house while collecting rent from the other 3 units!! The opportunity to subsidize your mortgage payment and live in one of the best neighborhoods in San Diego doesn't come around often!!!!
    Exterior Features

    Exterior Stucco Fencing Full Frontage N/K Parking For RV Other/Remarks Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Tile/Clay Site N/K Spa Private PortableYes Spa Heat Electric Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2 View BayCityEvening LightsOceanPanoramic

    Interior Features

    Cooling Central Forced AirWall/Window Furnished Units 4 Half Baths Unit1 1 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment FireplaceWall/Gravity Stories 1 Story Total Baths Unit1 3 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

    Property Features

    Actual Cap Rate 5.0 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 24000 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Mission Hills Complex Features N/K Complex Park N/A Cross Streets Palm Gross Rent Multiplier Actual 17.0 Gross Scheduled Income Actual 144000 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close Of Escrow Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays Other/Remarks Terms Cal VetCashConventionalFhaVa Unit Number For Unit1 2865 Unit Number For Unit2 2861 Unit Number For Unit3 2865B Unit Number4 2865A Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 5300.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 2812.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 2800 Unit3 Rent Actual 2195.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Rent Actual 1995.0 Water Meter On Property

    Listing provided courtesy of Home Solutions Group. Listing information © 2021 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 © 2021 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