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315-19 S 28th Street

San Diego, CA 92113
  • $2,395,000
  • STATUS: ACTIVE
  • ON SITE: 25 Days
  • ID#: 240011885
UPDATED: 19 min ago
$2,395,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Interested in outstanding returns? Check out this real estate opportunity in vibrant Barrio Logan, San Diego, with highly attractive assumable financing. 315-19 S 28th Street & 2809-11 Clay Ave are two adjacent parcels consisting of 9 total units (one parcel 4u the other parcel 5u). The property has an existing Freddie Mac assumable loan available with a balance of $1,140,000 and an interest only rate of 3.57% thru 2031! With current rents this reflects a day one cash on cash return of 6.3%! With an attractive unit mix, strong rental upside, central San Diego County location and entry level price point you are not going to find a better multi family investment opportunity in the entire county! Dont miss out!

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/151000430
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315-19 S 28th Street San Diego, CA 92113

  • Price: $2,395,000
  • Status: ACTIVE
  • On Site: 25 Days
  • Updated: 19 min ago
  • ID#: 240011885
8
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Logan Heights (92113)
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Interested in outstanding returns? Check out this real estate opportunity in vibrant Barrio Logan, San Diego, with highly attractive assumable financing. 315-19 S 28th Street & 2809-11 Clay Ave are two adjacent parcels consisting of 9 total units (one parcel 4u the other parcel 5u). The property has an existing Freddie Mac assumable loan available with a balance of $1,140,000 and an interest only rate of 3.57% thru 2031! With current rents this reflects a day one cash on cash return of 6.3%! With an attractive unit mix, strong rental upside, central San Diego County location and entry level price point you are not going to find a better multi family investment opportunity in the entire county! Dont miss out!
Exterior Features

Parking Spaces Total 9

Interior Features

Sq Ft Of Improvement 5532 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No

Property Features

Actual Cap Rate 5.0 Actual Cash On Cash 6.3 Actual Gross Scheduled Income 191340.0 Actual Operating Expense 65746 Assumable Finance 1140000 Buildings 3 Complex Features Other/Remarks Gross Equity 1255000 Gross Multiplier 12.5 Have Units Leased Apartments 9 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 15945 Motive Want 1031 Present Loan 1140000 Projected Cap Rate 7.1 Projected Cash On Cash 10.3 Projected Gross Scheduled Inc 243060 Unit Number1 6 Unit Number2 2 Unit Number3 1 Unit Rent Total1 8923 Unit Rent Total2 3783 Unit Rent Total3 2640 Unit Rent1 1424-1795 Unit Rent2 1892 Unit Rent3 2640

San Diego MLS logo Listing provided courtesy of Josh Browar of The Browar Group: 858-414-4398. 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.
 
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The Neuman Team
516 5th Avenue
San Diego CA, 92101