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    3505 L St

    San Diego, CA 92102
    • $1,379,000
    • STATUS: ACTIVE
    • ON SITE: 380 days
    • ID#: 190055795
    UPDATED: 25 min ago
    $1,379,000
    • 9
      BEDS
    • 0.18
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Well maintained 6 unit property. 5 unit apartment building/2 bedroom house and garage. Great investment property. Good mix of units. Near Costco and I-15. Large corner lot.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/99841253
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    3505 L St San Diego, CA 92102

    • Price: $1,379,000
    • Status: ACTIVE
    • Updated: 25 min ago
    • ID#: 190055795
    9
    Beds
    7
    Baths
    0
    ½ Baths
    0.18
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    Well maintained 6 unit property. 5 unit apartment building/2 bedroom house and garage. Great investment property. Good mix of units. Near Costco and I-15. Large corner lot.
    Exterior Features

    Carports 0 Construction DrywallStucco Exterior Auto Front SprinklersBlock FenceFront SprinklersMetal Fence Parking Garages Parking Spaces Total 2 Roof CompositionOther/Remarks Units With Garages 1

    Interior Features

    Cooling None Floor Coverings TileVinylWall To Wall Carpet Floors SlabWood Heating Wall Sq Ft Of Improvement 3620 Stories 2 Story Unit Furnished1 N Unit Furnished2 N Unit Furnished3 N Unit Furnished4 N Unit Furnished5 N Unit Furnished6 N Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 6 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    1st Loan Assumable Yes 1st Loan Balance 399971.82 1st Loan Interest 4.875 2nd Loan Assumable Na 2nd Loan Interest Rate Na Actual Cap Rate 4.89 Actual Cash Flow 64872 Actual Cash On Cash 7.2 Actual Gardener Expense 3600/300 Mo Actual Gas And Electric 1300 Actual Gross Operating Income 90600 Actual Gross Scheduled Income 90600.0 Actual License Expense 69.00 Actual Mgr Expense 0 Actual Operating Expense 25428 Actual Pest Control Expense 180/45 Quarter Actual Prop Management 9030 Actual Taxes Expense 5616.48 Actual Total Expense 25497 Actual Total Pi Pay 2927 Actual Vacancy And Credit Loss 5275 Actual Water Sewer Expense 4538.00 Assessed Value Improved 284000 Assumable Finance 0 Bln Assumable Na Bln Balance Na Bln Balloon Na Bln Interest Na Bln Payment Na Bln Year Due Na Buildings 2 Complex Features None Existing Financing Conventional Financial Information Source Owner Fiscal Year From 19 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 1081000 Gross Multiplier 15.7 Have 5 Units & House Leased Apartments 6 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 7525 Motive Want Equity/Cash Other Income Actual 0 Other Income Amount 0 Other Income Source 0 Present Loan 399000 Projected Annual Pi Expense 5180.00 Projected Cap Rate 5.05 Projected Cash Flow 68286 Projected Cash On Cash 7.5 Projected Fl Ins Expense 1164.00 Projected Fl Ins Expense1 1225 Projected Gardener Expense 3790 Projected Gas And Electric 1368 Projected Gross Multiplier 14.5 Projected Gross Operating Inc 95168 Projected Gross Scheduled Inc 95040 Projected License Expense 73 Projected Manager Expense 0 Projected Net Income 62733 Projected Operating Expense 26766 Projected Other Expense 0 Projected Other Income 0 Projected Pest Expense 189.00 Projected Property Mgmt Expense 9505 Projected Taxes Expense 17760 Projected Total Expense 26839 Projected Vacancy And Credit Loss 5552 Projected Water And Sewer Expense 4776 Short Sale No Special Other/Remarks Sq Ft Source Buyer To VerifyOwner Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash To Existing LoanCash To New LoanSubmit Unit Number1 3505 Unit Number2 3507 Unit Number3 3507 Unit Number4 3507 Unit Number5 3511 Unit Number6 245 Unit Rent Total1 2125 Unit Rent Total2 850 Unit Rent Total3 950 Unit Rent Total4 800 Unit Rent Total5 1250 Unit Rent Total6 1575 Unit Rent1 2125 Unit Rent2 850 Unit Rent3 950 Unit Rent4 800 Unit Rent5 1250 Unit Rent6 1575 Zoning R-2:Minor

    Listing provided courtesy of Glenn D Mitchel, Realtors. Listing information © 2020 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 © 2020 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