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3536-40 Georgia St.

San Diego, CA 92103
  • $2,825,000
  • STATUS: ACTIVE
  • ON SITE: 64 Days
  • ID#: 220024805
UPDATED: 60 min ago
$2,825,000
  • 8
    BEDS
  • 0.18
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

Fantastic location just blocks from Balboa Park. Great unit mix of two-one bedroom and two-three bedroom units. All kitchens were redone within the past six years. New stucco and paint in 2016. Replaced $20k of sewer pipe and installed new quarter turn angle stops. Those stops decrease the chance of later maintenance issues. The attached garage is a single car, plus laundry area and space for two water heaters, maintenance supplies and tools. CA Density bonus law and city of SD policy allow that space to be converted into a fifth unit.

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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/133537534
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3536-40 Georgia St. San Diego, CA 92103

  • Price: $2,825,000
  • Status: ACTIVE
  • On Site: 64 Days
  • Updated: 60 min ago
  • ID#: 220024805
8
Beds
5
Baths
0
½ Baths
0.18
Acres
1926
Built
Neighborhood:
Mission Hills
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Fantastic location just blocks from Balboa Park. Great unit mix of two-one bedroom and two-three bedroom units. All kitchens were redone within the past six years. New stucco and paint in 2016. Replaced $20k of sewer pipe and installed new quarter turn angle stops. Those stops decrease the chance of later maintenance issues. The attached garage is a single car, plus laundry area and space for two water heaters, maintenance supplies and tools. CA Density bonus law and city of SD policy allow that space to be converted into a fifth unit.
Exterior Features

Exterior Stucco Fencing GatePartial Parking Garage Spaces Unit3 1 Roof CompositionTile/Clay Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 1 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 1 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 3 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 2.3 Age Restrictions N/K Annual Expense Actual 44433 Annual Expense Projected 44433 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community North Park Complex Park Na Cross Streets Cypress & Myrtle Gross Rent Multiplier Actual 24.6 Gross Rent Multiplier Project 22.6 Gross Scheduled Income Actual 114924 Gross Scheduled Income Project 125136 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 75698 Other Fees 0.0 Other Income Actual 1296 Projected Cap Rate 2.7 Projected Other Income 1296.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 1750 Unit1 Occupied Tenant Unit1 Projected Rent 2015.0 Unit1 Rent Actual 1850.0 Unit2 Deposit 1450 Unit2 Occupied Tenant Unit2 Projected Rent 1635.0 Unit2 Rent Actual 1500.0 Unit3 Deposit 4494 Unit3 Occupied Tenant Unit3 Projected Rent 3425 Unit3 Rent Actual 3144.0 Unit4 Deposit 2975 Unit4 Occupied Tenant Unit4 Projected Rent 3245 Unit4 Rent Actual 2975.0

San Diego MLS logo Listing provided courtesy of Apartment Consultants, Inc.: [IDXCONTACTINFORMATION]. 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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San Diego CA, 92101