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3651-55 Kite

San Diego, CA 92103
  • $2,975,000
  • STATUS: ACTIVE
  • ON SITE: 28 Days
  • ID#: 220017898
Price Reduced
UPDATED: 53 min ago
$2,975,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,779
    SQFT
  • $623
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

Outstanding opportunity in the heart of Mission Hills, an updated single family home with a separate fourplex to the rear, set in one of the neighborhood's best locations. This is the perfect opportunity for an owner to occupy the front house and rent the rear units while improving and expanding on already oversize units. Similar homes on the street are selling for $1.1M. Property features numerous system upgrades and period details including new roof and paint, recently replaced sewer line, upgraded kitchens and baths, in unit washer dryer hookups, and common laundry, multiple patios, space to convert even larger units and improve unit mix, hardwood floors, original fireplace details. All on a large 8,442 sq ft lot. This is a rare opportunity to own in this neighborhood. Residential financing available.

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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/130953091
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3651-55 Kite San Diego, CA 92103

  • Price: $2,975,000
  • Status: ACTIVE
  • On Site: 28 Days
  • Updated: 53 min ago
  • ID#: 220017898
8
Beds
4
Baths
0
½ Baths
N/A
Acres
4,779
SQFT
$623
$/SQFT
1926
Built
Neighborhood:
Mission Hills
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Outstanding opportunity in the heart of Mission Hills, an updated single family home with a separate fourplex to the rear, set in one of the neighborhood's best locations. This is the perfect opportunity for an owner to occupy the front house and rent the rear units while improving and expanding on already oversize units. Similar homes on the street are selling for $1.1M. Property features numerous system upgrades and period details including new roof and paint, recently replaced sewer line, upgraded kitchens and baths, in unit washer dryer hookups, and common laundry, multiple patios, space to convert even larger units and improve unit mix, hardwood floors, original fireplace details. All on a large 8,442 sq ft lot. This is a rare opportunity to own in this neighborhood. Residential financing available.
Exterior Features

Exterior Wood Fencing Full Roof CompositionRolled/Hot Mop Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2

Interior Features

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

Property Features

Actual Cap Rate 2.07 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 61186 Annual Expense Projected 64118 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Complex Park N/A Cross Streets Torrance Gross Rent Multiplier Actual 24.0 Gross Rent Multiplier Project 16.0 Gross Scheduled Income Actual 129120 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 120746 Other Fees 0.0 Other Income Actual 1200 Projected Cap Rate 4.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 3750.0 Unit1 Rent Actual 2625.0 Unit2 Deposit 1500 Unit2 Occupied Tenant Unit2 Projected Rent 3000.0 Unit2 Rent Actual 2445.0 Unit3 Deposit 1500 Unit3 Occupied Tenant Unit3 Projected Rent 3250 Unit3 Rent Actual 2345.0 Unit4 Deposit 1500 Unit4 Occupied Tenant Unit4 Projected Rent 3250 Unit4 Rent Actual 1995.0

San Diego MLS logo Listing provided courtesy of Cbre. 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