Skip To Content

3102 National Ave

San Diego, CA 92113
  • $1,299,000
  • STATUS: ACTIVE
  • ON SITE: 89 Days
  • ID#: 240001646
$1,299,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Just minutes from Downtown San Diego, this property consists of newly renovated, two revenue generating buildings: a 5 unit SRO structure at 3102 National Ave and 1 single-family residence at 927 S 31st St. Additional opportunity for adding dwelling units, ADU, tiny homes, or RV on the lot    The 5 unit building consists of 2 studios and 3 junior one-bedroom units that are fully occupied and furnished. The 2 studios rent for $1,650+ while the 3 one bedroom units rents for an average of $1,950. The owner has entered into an arrangement with programs funded by the City and Country, whereby the programs pay the majority of tenant’s rent. This guarantees consistent monthly income for new ownership. The detached single-family residence is a 950 square foot, 2-bedroom, 1-bathroom home currently leasing at $2,399 per month.    Contact ppatel@dpalaw.com or 619-851-5368 for additional information.

Monthly Payment Calculator

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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146819688
Print Image

3102 National Ave San Diego, CA 92113

  • Price: $1,299,000
  • Status: ACTIVE
  • On Site: 89 Days
  • ID#: 240001646
7
Beds
6
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Logan Heights (92113)
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Just minutes from Downtown San Diego, this property consists of newly renovated, two revenue generating buildings: a 5 unit SRO structure at 3102 National Ave and 1 single-family residence at 927 S 31st St. Additional opportunity for adding dwelling units, ADU, tiny homes, or RV on the lot    The 5 unit building consists of 2 studios and 3 junior one-bedroom units that are fully occupied and furnished. The 2 studios rent for $1,650+ while the 3 one bedroom units rents for an average of $1,950. The owner has entered into an arrangement with programs funded by the City and Country, whereby the programs pay the majority of tenant’s rent. This guarantees consistent monthly income for new ownership. The detached single-family residence is a 950 square foot, 2-bedroom, 1-bathroom home currently leasing at $2,399 per month.    Contact ppatel@dpalaw.com or 619-851-5368 for additional information.
Exterior Features

Construction FrameStucco Exterior RV ParkingWood Fence Parking Spaces Parking Spaces Total 3

Interior Features

Cooling Wall/Window Floor Coverings Vinyl Floors Slab Heating Wall Sq Ft Of Improvement 3644 Stories 1 Story Unit Furnished4 6 Units With Dishwashers 0 Units With Disposals 6 Units With Drapes 6 Units With Ranges 6 Units With Refrigerators 6

Property Features

Actual Cap Rate 6.17 Actual Gross Scheduled Income 138576.0 Actual Operating Expense 58401 Assumable Finance 0 Buildings 2 Complex Features RV Parking Existing Financing Conventional Gross Equity 0 Gross Multiplier 9.37 Have NA Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 12300 Motive Want NA Projected Cap Rate 6.87 Projected Gross Scheduled Inc 147600 Projected Net Income 89199 Projected Operating Expense 58401 Sq Ft Source Buyer to Verify Tenant Pays Electric N Tenant Pays Gas N Tenant Pays Water N Terms Owner May Carry 1st Unit Number4 6 Zoning CN 1-3

San Diego MLS logo Listing provided courtesy of Darshan Patel of Darshan NI Patel, Broker: 619-851-4894. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240001646-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240001646-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240001646-2.jpg
Logo
The Neuman Team
516 5th Avenue
San Diego CA, 92101