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    3707-21 Euclid Ave

    San Diego, CA 92105
    • $650,000
    • STATUS: SOLD
    • ON SITE: 263 days
    • ID#: 200050239
    Sold - 02/19/2021
    $650,000
    SOLD - 02/19/2021
    • 3
      BEDS
    • 0.13
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,200
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Check out this amazing Opportunity Zone property located in the Fairmount addition to City Heights. These are 3 detached cottages all varying in interior upgrades that hardly ever sees any vacancy! 3707 has 1 off street parking spot, 3715/3721 - 2 off street parking tandem, 3721 laundry hook ups & fully renovated. Current Gross Rents $2475/mo - Projected Gross Rents $4250+/mo The property has alley access on one side & zoning CUPD-CU-1-2 + Opportunity Zone could make for an amazing urban infill project! Separate SDGE & Water Meters - tenants pay all utilities. Each unit has a nice size backyard all yards are maintained by the tenants. 3707 is rented at $800/mo (projected rent around $1400/mo), 1 off street parking, no laundry hookups. 3715 is rented at $775/mo (projected rent around $1400/mo), 2 off street parking, no laundry hookups . 3721 is rented at $900/mo (projected rent around $1500/mo), 2 off street parking, laundry hookups, fully upgraded. Current Gross Rents $2475/mo - Projected Gross Rents $4300+/mo - Annual maintenance is less than $1000 per year.

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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/111647582
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    3707-21 Euclid Ave San Diego, CA 92105

    • Price: $685,000
    • Status: SOLD
    • ID#: 200050239
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,200
    SQFT
    $0
    $/SQFT
    1948
    Built
    Neighborhood:
    Fairmount - City Heights
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    Check out this amazing Opportunity Zone property located in the Fairmount addition to City Heights. These are 3 detached cottages all varying in interior upgrades that hardly ever sees any vacancy! 3707 has 1 off street parking spot, 3715/3721 - 2 off street parking tandem, 3721 laundry hook ups & fully renovated. Current Gross Rents $2475/mo - Projected Gross Rents $4250+/mo The property has alley access on one side & zoning CUPD-CU-1-2 + Opportunity Zone could make for an amazing urban infill project! Separate SDGE & Water Meters - tenants pay all utilities. Each unit has a nice size backyard all yards are maintained by the tenants. 3707 is rented at $800/mo (projected rent around $1400/mo), 1 off street parking, no laundry hookups. 3715 is rented at $775/mo (projected rent around $1400/mo), 2 off street parking, no laundry hookups . 3721 is rented at $900/mo (projected rent around $1500/mo), 2 off street parking, laundry hookups, fully upgraded. Current Gross Rents $2475/mo - Projected Gross Rents $4300+/mo - Annual maintenance is less than $1000 per year.
    Exterior Features

    Exterior Wood/StuccoOther/Remarks Fencing Full Frontage N/K Irrigation N/K Parking For RV Potential SpaceNone Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 TandemUncovered Parking Non Garage Desc Unit2 TandemUncovered Parking Non Garage Desc Unit3 TandemUncovered Parking Non Garage Desc Unit4 TandemUncovered Parking Spaces Total Unit1 1.0 Parking Spaces Total Unit2 2.0 Parking Spaces Total Unit3 3.0 Parking Spaces Total Unit4 0.0 Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCorner Lot Spa N/K Spa Heat None Known Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0 View N/K

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Electric Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 1 Water Heater Type Gas

    Property Features

    Actual Cap Rate 4.12 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 1000 Annual Expense Projected 1000 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community San Diego Complex Features N/K Complex Park N/A Cross Streets Castle Gross Rent Multiplier Actual 23.57 Gross Rent Multiplier Project 14.58 Gross Scheduled Income Actual 29700 Gross Scheduled Income Project 48000 Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 46560 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close Of Escrow Projected Cap Rate 6.65 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerTrashWaterCable TvElectricityGas/PropaneHot Water Terms CashConventionalVa Unit Number For Unit1 3707 Unit Number For Unit2 3715 Unit Number For Unit3 3721 Unit1 Deposit 500 Unit1 Occupied Tenant Unit1 Projected Rent 1200.0 Unit1 Rent Actual 800.0 Unit2 Deposit 500 Unit2 Occupied Tenant Unit2 Projected Rent 1300.0 Unit2 Rent Actual 775.0 Unit3 Deposit 500 Unit3 Occupied Tenant Unit3 Projected Rent 1500 Unit3 Rent Actual 900.0 Water AvailableMeter On Property Zoning Commercial

    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