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    3550-3552 Meade

    San Diego, CA 92116
    • $849,000 - $900,000
    • STATUS: ACTIVE
    • ON SITE: 30 days
    • ID#: 210024423
    Price Reduced
    UPDATED: 12 min ago
    $849,000 - $900,000
    • 2
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,122
      SQFT
    • $802
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Gorgeous turnkey property, just a close walk away from downtown Normal Heights and North Park with great vacation rental income. Check out 3D tour. Completely private and fully fenced two detached buildings with lots of charm. Both homes are recently remodelled with wood floors, curved doorways, built in cabinets and modern baths and kitchens. Front home has large fenced private yard, seperate dining room, sliding doors,fans, historic details and mirrored closets. Rear studio unit has private patio, high ceilings, full bath and small kitchen. Parking space available on fenced property. Washer dryer included. Electrical, plumbing, a/c, roofs, windows, doors all installed recently and (fully paid for) solar means sellers have not paid more than $21 for electricity. Property is rented as vacation rental. Front house averages $180/night, 72% occupancy, $47,361 income per year. Back unit averages $101/night, 73%occupancy, 26,886 per year. Property is professionally managed and sellers pay 20% mgmt fee. Potential for self managed property to have higher income. Could sell fully furnished for immediate use.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/120860038
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    3550-3552 Meade San Diego, CA 92116

    • Price: $849,000 - $900,000
    • Status: ACTIVE
    • Updated: 12 min ago
    • ID#: 210024423
    2
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,122
    SQFT
    $802
    $/SQFT
    1936
    Built
    Neighborhood:
    Normal Heights
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    Gorgeous turnkey property, just a close walk away from downtown Normal Heights and North Park with great vacation rental income. Check out 3D tour. Completely private and fully fenced two detached buildings with lots of charm. Both homes are recently remodelled with wood floors, curved doorways, built in cabinets and modern baths and kitchens. Front home has large fenced private yard, seperate dining room, sliding doors,fans, historic details and mirrored closets. Rear studio unit has private patio, high ceilings, full bath and small kitchen. Parking space available on fenced property. Washer dryer included. Electrical, plumbing, a/c, roofs, windows, doors all installed recently and (fully paid for) solar means sellers have not paid more than $21 for electricity. Property is rented as vacation rental. Front house averages $180/night, 72% occupancy, $47,361 income per year. Back unit averages $101/night, 73%occupancy, 26,886 per year. Property is professionally managed and sellers pay 20% mgmt fee. Potential for self managed property to have higher income. Could sell fully furnished for immediate use.
    Exterior Features

    Exterior Stucco Fencing Full Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Non Garage Desc Unit1 Gated Parking Non Garage Desc Unit2 None Known Roof Composition Site Corner LotCurbsPublic StreetSidewalksStreet Paved Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

    Interior Features

    Cooling Zoned Area(S) Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Zoned Areas Heat Source Electric Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 1 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 1 Units With Refrigerators 2 Units With Washers 1

    Property Features

    Actual Cap Rate 5.25 Age Restrictions N/K Annual Expense Actual 28587 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Normal Heights Complex Park None Cross Streets Wilson Gross Rent Multiplier Actual 12.0 Gross Scheduled Income Actual 74517 Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between $849000 - $900000 Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays N/K Terms CashFhaVa Unit Number For Unit1 3550 Unit Number For Unit2 3552 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 5400.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 3030.0 Water Meter On Property

    Listing provided courtesy of Big Block Realty, Inc.. Listing information © 2021 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 © 2021 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