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    366-370 22nd Street

    San Diego, CA 92102
    • $1,350,000
    • STATUS: ACTIVE
    • ON SITE: 40 days
    • ID#: 200049727
    $1,350,000
    • 5
      BEDS
    • 0.08
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,314
      SQFT
    • $583
      $/SQFT
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    This trophy property located in the booming Sherman Heights area just blocks from Downtown San Diego, this 2-unit building is part of a package of 6 total units for sale. The incredible historic duplex (originally built as 3-units) has been fully refurbished & in great shape! Downstairs is a 3 bedroom/2 bath & Upstairs is a 2 bedroom/2 bath. The property may be sold together (total for both is $3,000,000) with a 4-plex @ 358 22nd St. (MLS#200049726) having two 1 bdrm/1 bath units & two 2 bdrm/1 bath units Don’t miss this unusual opportunity to own 6-units in two separate historical buildings in the dynamic Sherman Heights area of San Diego. Both historic buildings are located on separate parcels & priced together for $3,000,000. One is a duplex unit consisting of a 3 bedroom/2 bath unit and a 2 bedroom/2 bath unit. The other building is a fourplex consisting of (2) 1 bedroom/1 bath units and (2) 2 bedroom/1 bath units. Both buildings have been completed restored, electrical, plumbing, roofs structurally and cosmetically inside. Newer kitchens, newer baths, refinished hardwood floors, new windows and doors and so much more. Both parcels are fully fenced with on-site parking and electronic gates. Sherman Heights is an up and coming gentrification neighborhood. Sherman Heights is comprised of many historically significant buildings, wide streets and close proximity to Downtown San Diego, Balboa Park and the San Diego Zoo. Three freeways are easily accessible from this location I-5, I-15 and Hwy 163. Additionally it located within 15 minutes of San Diego International Airport, the Santa Fe train station, bus lines, Mexico and the San Diego Trolley. Consider making these units into a condominium project and selling of the individual units separately or just holding in your portfolio. Potential room for more units on 358 22nd Street. All properties will be shown with an accepted offer. Please do not disturb tenants.

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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/111337571
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    366-370 22nd Street San Diego, CA 92102

    • Price: $1,350,000
    • Status: ACTIVE
    • ID#: 200049727
    5
    Beds
    4
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,314
    SQFT
    $583
    $/SQFT
    1913
    Built
    Neighborhood:
    Sherman Heights / Downtown
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    This trophy property located in the booming Sherman Heights area just blocks from Downtown San Diego, this 2-unit building is part of a package of 6 total units for sale. The incredible historic duplex (originally built as 3-units) has been fully refurbished & in great shape! Downstairs is a 3 bedroom/2 bath & Upstairs is a 2 bedroom/2 bath. The property may be sold together (total for both is $3,000,000) with a 4-plex @ 358 22nd St. (MLS#200049726) having two 1 bdrm/1 bath units & two 2 bdrm/1 bath units Don’t miss this unusual opportunity to own 6-units in two separate historical buildings in the dynamic Sherman Heights area of San Diego. Both historic buildings are located on separate parcels & priced together for $3,000,000. One is a duplex unit consisting of a 3 bedroom/2 bath unit and a 2 bedroom/2 bath unit. The other building is a fourplex consisting of (2) 1 bedroom/1 bath units and (2) 2 bedroom/1 bath units. Both buildings have been completed restored, electrical, plumbing, roofs structurally and cosmetically inside. Newer kitchens, newer baths, refinished hardwood floors, new windows and doors and so much more. Both parcels are fully fenced with on-site parking and electronic gates. Sherman Heights is an up and coming gentrification neighborhood. Sherman Heights is comprised of many historically significant buildings, wide streets and close proximity to Downtown San Diego, Balboa Park and the San Diego Zoo. Three freeways are easily accessible from this location I-5, I-15 and Hwy 163. Additionally it located within 15 minutes of San Diego International Airport, the Santa Fe train station, bus lines, Mexico and the San Diego Trolley. Consider making these units into a condominium project and selling of the individual units separately or just holding in your portfolio. Potential room for more units on 358 22nd Street. All properties will be shown with an accepted offer. Please do not disturb tenants.
    Exterior Features

    Exterior Wood Fencing FullGate Frontage Dimensions In Feet 50 Lot Dimensions Approx 60X50 Parking For RV None Known Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Non Garage Desc Unit1 AssignedGatedUncovered Parking Non Garage Desc Unit2 AssignedGatedUncovered Roof Composition Site Corner LotCurbsPublic StreetSidewalksStreet Paved Spa N/K Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 0 Units With Patios 1 View CityEvening Lights

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Wall/Gravity Heat Source ElectricNatural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 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 2 Units With Dryers 2 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.0 Age Restrictions N/K Annual Expense Actual 8894 Annual Expense Projected 9000 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community San Diego Complex Park - Cross Streets J Street Gross Rent Multiplier Actual 26.76 Gross Rent Multiplier Project 22.5 Gross Scheduled Income Actual 50444 Gross Scheduled Income Project 60000 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Net Operating Income Projected 51105 Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/Remarks Projected Cap Rate 3.78 Projected Other Income 0.0 Sales Restrictions N/K Security Automatic Gate Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays Cable TvElectricityGas/Propane Terms CashConventional Unit Number For Unit1 366 Unit Number For Unit2 370 Unit1 Deposit 2465 Unit1 Occupied Tenant Unit1 Projected Rent 2800.0 Unit1 Rent Actual 2465.0 Unit2 Deposit 2050 Unit2 Occupied Tenant Unit2 Projected Rent 2200.0 Unit2 Rent Actual 2050.0 Water Meter On Property Water District City Of San Diego Zoning Multi Fam

    Listing provided courtesy of Berkshire Hathaway Homeservice. 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