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3738-3740 Van Dyke Avenue

San Diego, CA 92105
  • $2,995,000
  • STATUS: ACTIVE
  • ON SITE: 4 Days
  • ID#: 240010767
New On Site 4 Days Ago
UPDATED: 85 min ago
$2,995,000
  • 3
    BEDS
  • 0.24
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

3738-3740 Van Dyke Avenue is an 11-unit apartment complex that consists of 7,584 rentable square feet situated on a 10,497 square foot lot with ample parking. The unit mix consists of six well laid out 2 Bedroom / 1 Bathroom units and five spacious 1 Bedroom / 1 Bathroom units. The property was built in 1980 and features three double car and two single car garages, common laundry facilities, and plenty of parking in the front. The property has been well-maintained and seven of the units have been remodeled. There is 2.98% assumable debt available due in December 2025.

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150555531
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3738-3740 Van Dyke Avenue San Diego, CA 92105

  • Price: $2,995,000
  • Status: ACTIVE
  • On Site: 4 Days
  • Updated: 85 min ago
  • ID#: 240010767
3
Beds
2
Baths
0
½ Baths
0.24
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
3738-3740 Van Dyke Avenue is an 11-unit apartment complex that consists of 7,584 rentable square feet situated on a 10,497 square foot lot with ample parking. The unit mix consists of six well laid out 2 Bedroom / 1 Bathroom units and five spacious 1 Bedroom / 1 Bathroom units. The property was built in 1980 and features three double car and two single car garages, common laundry facilities, and plenty of parking in the front. The property has been well-maintained and seven of the units have been remodeled. There is 2.98% assumable debt available due in December 2025.
Exterior Features

Parking Spaces Total 17 Units With Garages 5

Interior Features

Sq Ft Of Improvement 7584 Units With Ranges 11 Units With Refrigerators 11

Property Features

Actual Cap Rate 4.91 Actual Gross Operating Income 235058 Actual Gross Scheduled Income 242328.0 Actual Operating Expense 87880 Actual Vacancy And Credit Loss 7270 Assumable Finance 1625000 Buildings 2 Gross Equity 1300000 Gross Multiplier 12.4 Have Units Leased Apartments 11 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 20194 Motive Want Sell Present Loan 1625000 Projected Cap Rate 7.88 Projected Gross Multiplier 9 Projected Gross Operating Inc 323964 Projected Gross Scheduled Inc 333984 Projected Net Income 236085 Projected Operating Expense 87880 Projected Vacancy And Credit Loss 10020 Short Sale No Unit Number1 6 Unit Number2 5 Unit Rent Total1 11742 Unit Rent Total2 8050 Unit Rent1 1957 Unit Rent2 1610

San Diego MLS logo Listing provided courtesy of Benn Vogelsang of NorthMarq Multifamily: 415-250-4947. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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