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    366-8 San Marcos Blvd

    San Marcos, CA 92069
    • $1,995,000
    • STATUS: ACTIVE
    • ON SITE: 48 days
    • ID#: 200043919
    UPDATED: 208 min ago
    $1,995,000
    • 12
      BEDS
    • N/A
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 4,200
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    San Marcos
    Type:
    Multi-Family
    Built:
    1993
    County:
    San Diego
    Area:
    San Marcos (92069)

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    Description

    The Susan an incredible opportunity to invest in a Turn-Key 4 units that has just been recently FULLY RENOVATED. A great unit mix, all large 3Br/2Ba with approx. 50k in renovations per unit. This asset has the opportunity to support historically low interest rates, sub 3% interest rates for qualifying buyer by adding points up front. RUBS are already incorporated in each leases, 90% of utilities are charged backed to the tenant. Ask the listing agent for a brochure and interior Matterport scans.

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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/109852585
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    366-8 San Marcos Blvd San Marcos, CA 92069

    • Price: $1,995,000
    • Status: ACTIVE
    • Updated: 208 min ago
    • ID#: 200043919
    12
    Beds
    8
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,200
    SQFT
    $475
    $/SQFT
    1993
    Built
    Neighborhood:
    San Marcos
    County:
    San Diego
    Area:
    San Marcos (92069)
    Property Description
    The Susan an incredible opportunity to invest in a Turn-Key 4 units that has just been recently FULLY RENOVATED. A great unit mix, all large 3Br/2Ba with approx. 50k in renovations per unit. This asset has the opportunity to support historically low interest rates, sub 3% interest rates for qualifying buyer by adding points up front. RUBS are already incorporated in each leases, 90% of utilities are charged backed to the tenant. Ask the listing agent for a brochure and interior Matterport scans.
    Exterior Features

    Exterior Stucco Fencing Partial Frontage Other/Remarks Irrigation Other/Remarks Parking For RV CoveredOn-Site Parking Roof Tile/Clay Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Other/Remarks Heat Source Electric Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

    Property Features

    Actual Cap Rate 3.9 Age Restrictions N/K Annual Expense Actual 37023 Annual Expense Projected 37023 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community San Marcos Complex Features Biking/Hiking Trails Complex Park The Susan Cross Streets San Marcos Blvd Gross Rent Multiplier Actual 17.0 Gross Rent Multiplier Project 16.5 Gross Scheduled Income Actual 117540 Gross Scheduled Income Project 121200 Home Owners Assoc Fee Includes Common Area MaintenanceExterior Bldg MaintenanceRoof Maintenance Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 80541 Other Fees 0.0 Other Income Actual 0 Pets Yes Projected Cap Rate 4.0 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/PropaneSewerTrashWater Terms CashConventionalExchange Unit Number For Unit1 101 Unit Number For Unit2 102 Unit Number For Unit3 201 Unit Number4 202 Unit1 Deposit 599 Unit1 Occupied Tenant Unit1 Projected Rent 2600.0 Unit1 Rent Actual 2450.0 Unit2 Deposit 599 Unit2 Occupied Tenant Unit2 Projected Rent 2600.0 Unit2 Rent Actual 2445.0 Unit3 Deposit 599 Unit3 Occupied Tenant Unit3 Projected Rent 2550 Unit3 Rent Actual 2295.0 Unit4 Deposit 599 Unit4 Occupied Vacant Unit4 Projected Rent 2550 Unit4 Rent Actual 2495.0

    Listing provided courtesy of Pacific Coast Commercial. 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