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3185 Madison Ave

San Diego, CA 92116
  • $4,250,000
  • STATUS: ACTIVE
  • ON SITE: 13 Days
  • ID#: 220020094
UPDATED: 16 min ago
$4,250,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

3185 Madison Avenue is a two story, single structure apartment building, consisting of 16 studio units - totaling 4800 livable Square feet. Most units have been upgraded and each studio has a true full size separate kitchen from the main living area ( NOT a kitchenette) - with counter space, a 4 burner range, and full-sized fridge for tenants to enjoy. Tenants here also enjoy the extremely convenient one block walk to Adams Ave which hosts some of the best food and retail Normal Heights has to offer.

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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/131548815
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3185 Madison Ave San Diego, CA 92116

  • Price: $4,250,000
  • Status: ACTIVE
  • On Site: 13 Days
  • Updated: 16 min ago
  • ID#: 220020094
0
Beds
1
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Normal Heights (92116)
County:
San Diego
Area:
Normal Heights (92116)
Property Description
3185 Madison Avenue is a two story, single structure apartment building, consisting of 16 studio units - totaling 4800 livable Square feet. Most units have been upgraded and each studio has a true full size separate kitchen from the main living area ( NOT a kitchenette) - with counter space, a 4 burner range, and full-sized fridge for tenants to enjoy. Tenants here also enjoy the extremely convenient one block walk to Adams Ave which hosts some of the best food and retail Normal Heights has to offer.
Exterior Features

Construction DrywallFrame Parking Spaces Parking Spaces Total 14

Interior Features

Floor Coverings Vinyl Heating Wall Sq Ft Of Improvement 4800 Unit Furnished1 No Units With Ranges 16 Units With Refrigerators 16

Property Features

Actual Gross Scheduled Income 243780.0 Actual Operating Expense 83689 Assumable Finance 1610000 Buildings 1 Existing Financing Fixed Rate Gross Equity 2125000 Gross Multiplier 16.9 Have 16 Well Located Units Leased Apartments 16 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 20315 Motive Want Sell / 1031 Other Income Actual 8400 Other Income Amount 700 Other Income Source Laundry Projected Cap Rate 5.5 Projected Gross Multiplier 13 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 16 Unit Rent1 1270 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.: 619-226-6011. 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