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    3560 Fourth Ave.

    San Diego, CA 92103
    • $2,400,000
    • STATUS: PENDING
    • ON SITE: 56 days
    • ID#: 200047861
    Pending
    UPDATED: 71 min ago
    $2,400,000
    • 12
      BEDS
    • 0.16
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    3560 Fourth Ave., located  in the high demand area of Hillcrest in San Diego, is a 7-unit value add opportunity. Made up of two buildings the front building offers a mix of  5 units, a 1 bed / 1 ba, 2 separate studio apartments, a 2 bed / 2 bath along with a front unit that can be used as an office or 3 bedroom apartment. (Value add in all units). The rear  building consists of two upgraded units built in 1990. The two upstairs units are 2/2  with loft, central air, patios with views and garages. Down stairs owner unit is 1/1 with an attached garage, currently not rented.  Unit upgrades in the rear units include kitchen, baths, windows and flooring, electrical and plumbing. Permits of third floor loft unknown, has been a rental for approximately 50 years. All units are currently rented.

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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/110803340
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    3560 Fourth Ave. San Diego, CA 92103

    • Price: $2,400,000
    • Status: PENDING
    • Updated: 71 min ago
    • ID#: 200047861
    12
    Beds
    10
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    3560 Fourth Ave., located  in the high demand area of Hillcrest in San Diego, is a 7-unit value add opportunity. Made up of two buildings the front building offers a mix of  5 units, a 1 bed / 1 ba, 2 separate studio apartments, a 2 bed / 2 bath along with a front unit that can be used as an office or 3 bedroom apartment. (Value add in all units). The rear  building consists of two upgraded units built in 1990. The two upstairs units are 2/2  with loft, central air, patios with views and garages. Down stairs owner unit is 1/1 with an attached garage, currently not rented.  Unit upgrades in the rear units include kitchen, baths, windows and flooring, electrical and plumbing. Permits of third floor loft unknown, has been a rental for approximately 50 years. All units are currently rented.
    Exterior Features

    Carports 0 Parking Spaces Total 4 Units With Garages 4

    Interior Features

    Sq Ft Of Improvement 0 Units With Dishwashers 3 Units With Disposals 6 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    1st Loan Balance 0 Actual Cap Rate 6.78 Actual Gross Scheduled Income 162900.0 Actual Operating Expense 24000 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 14.73 Have N/A Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 13575 Motive Want N/A Short Sale No Tenant Pays Electric Y Tenant Pays Gas N Tenant Pays Water N Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent Total1 2450 Unit Rent Total2 1600 Unit Rent Total3 925 Unit Rent Total4 2300 Unit Rent Total5 1450 Unit Rent Total6 2400 Unit Rent Total7 2450 Unit Rent1 2450 Unit Rent2 1600 Unit Rent3 925 Unit Rent4 2300 Unit Rent5 1450 Unit Rent6 2400 Unit Rent7 2450 Zoning R-4

    Listing provided courtesy of Westminster Realty, Inc.. 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