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    3751 Third Avenue

    San Diego, CA 92103
    • $1,850,000
    • STATUS: ACTIVE
    • ON SITE: 13 days
    • ID#: 200047564
    UPDATED: 23 min ago
    $1,850,000
    • 6
      BEDS
    • 0.15
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    3751 Third Avenue Offers a Value-Add Opportunity steps away from the Iconic “Hillcrest” Neon Sign. This 5 Unit Property Consists of One 3BR/2BA Unit, Three 1BR/1BA Units, and a Large Studio Unit w/ Ample Off-Street Parking. Current Rents are Well Below Market. The Units are in Clean, Original Condition w/ Moderate Upgrades Over the Years. Walkable to Numerous Award Winning Restaurants, Bars, Shopping & Entertainment in Downtown Hillcrest. Shown with Accepted Offer. 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/110710968
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    3751 Third Avenue San Diego, CA 92103

    • Price: $1,850,000
    • Status: ACTIVE
    • Updated: 23 min ago
    • ID#: 200047564
    6
    Beds
    6
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    3751 Third Avenue Offers a Value-Add Opportunity steps away from the Iconic “Hillcrest” Neon Sign. This 5 Unit Property Consists of One 3BR/2BA Unit, Three 1BR/1BA Units, and a Large Studio Unit w/ Ample Off-Street Parking. Current Rents are Well Below Market. The Units are in Clean, Original Condition w/ Moderate Upgrades Over the Years. Walkable to Numerous Award Winning Restaurants, Bars, Shopping & Entertainment in Downtown Hillcrest. Shown with Accepted Offer. DO NOT DISTURB TENANTS
    Exterior Features

    Carports 0 Construction Stucco Units With Garages 0

    Interior Features

    Cooling None Sq Ft Of Improvement 3625

    Property Features

    Actual Cap Rate 2.54 Actual Gross Scheduled Income 88800.0 Actual Operating Expense 39126 Assumable Finance 0 Buildings 1 Complex Features Bbq Financial Information Source Owner Gross Equity 1550000 Gross Multiplier 20.8 Have 5 Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 7400 Motive Want Cash Out Projected Cap Rate 4.92 Projected Gross Multiplier 13.8 Projected Gross Operating Inc 130077 Projected Gross Scheduled Inc 134100 Projected Net Income 90951 Projected Operating Expense 39126 Projected Other Income 500 Projected Vacancy And Credit Loss 4023 Short Sale No Terms Owner May Carry 1st Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 2500 Unit Rent Total2 1000 Unit Rent Total3 1300 Unit Rent Total4 1000 Unit Rent Total5 1400 Unit Rent1 2500 Unit Rent2 1000 Unit Rent3 1300 Unit Rent4 1000 Unit Rent5 1400

    Listing provided courtesy of South Coast Commercial, Inc.. 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