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    2910-3040 Alta View

    San Diego, CA 92139
    • $9,250,000
    • STATUS: ACTIVE
    • ON SITE: 44 days
    • ID#: 210022032
    UPDATED: 102 min ago
    $9,250,000
    • 5
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Villa Bonita Condominiums consist of 30 units in a 176-unit community located in South San Diego. The units are a combination of one and two-bedroom floor plans with washer and dryer hookups, granite countertops and a fireplace. The units are condominiums and can be sold individually. Alternatively, an investor may purchase other units that become available in the complex and increase their portfolio. Currently, condominiums in Villa Bonita are selling for $88 per square foot or nearly $60,000 per unit more than the bulk offering. Built in 1982, this asset underwent major renovation in 2005 to condominium standards with upgraded interiors and exteriors. Villa Bonita condos may be exempt from California's rent control law (AB1482) with proper tenant noticing and vesting. The property features beautiful and well-maintained amenities including a swimming pool and spa, fitness center, barbecue, meandering walkways, tennis courts lush landscaping and outdoor entertaining area.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/120056785
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    2910-3040 Alta View San Diego, CA 92139

    • Price: $9,250,000
    • Status: ACTIVE
    • Updated: 102 min ago
    • ID#: 210022032
    5
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Paradise Hills (92139)
    County:
    San Diego
    Area:
    Paradise Hills (92139)
    Property Description
    Villa Bonita Condominiums consist of 30 units in a 176-unit community located in South San Diego. The units are a combination of one and two-bedroom floor plans with washer and dryer hookups, granite countertops and a fireplace. The units are condominiums and can be sold individually. Alternatively, an investor may purchase other units that become available in the complex and increase their portfolio. Currently, condominiums in Villa Bonita are selling for $88 per square foot or nearly $60,000 per unit more than the bulk offering. Built in 1982, this asset underwent major renovation in 2005 to condominium standards with upgraded interiors and exteriors. Villa Bonita condos may be exempt from California's rent control law (AB1482) with proper tenant noticing and vesting. The property features beautiful and well-maintained amenities including a swimming pool and spa, fitness center, barbecue, meandering walkways, tennis courts lush landscaping and outdoor entertaining area.
    Exterior Features

    Construction FrameStucco Exterior Cable AvailableCommunity FacilitiesFully Landscaped Parking CarportsSpaces

    Interior Features

    Cooling Wall/Window Floor Coverings TileVinyl Sq Ft Of Improvement 25280

    Property Features

    Actual Cap Rate 3.9 Actual Gross Scheduled Income 688800.0 Actual Operating Expense 339697 Assumable Finance 0 Complex Features BbqClubhouseExercise RoomHeated PoolSpaTennis Gross Equity 3950000 Gross Multiplier 13.4 Have 30 Condo Units Mandatory Remarks None Known Market Area South Bay Motive Want Sell Projected Cap Rate 4.7 Projected Gross Multiplier 11.9 Sq Ft Source Buyer To Verify Unit Number1 6 Unit Number2 8 Unit Number3 16 Unit Rent1 1770 Unit Rent2 1938 Unit Rent3 1955

    Listing provided courtesy of Eric D. Comer, Broker. 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