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3817 41st St

CITY HEIGHTS, CA 92105
  • $3,400,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: 220019659
UPDATED: 143 min ago
$3,400,000
  • 22
    BEDS
  • 0.23
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present 3817 41st St in City Heights. This property features 10 rental units on two APN’s built in 1988 and situated on a large 10,214 square foot lot. The unit mix boasts (4)3bed/2bath (4)2bed/2bath and (2)1bed/1bath with a total livable square feet of 8,484.With current gross monthly income over $18,000 there is still significant rental upside. The property also includes 8 parking spaces, a laundry facility, and a double garage/storage space. Tenants appreciate the large units and close proximity to freeways and a new construction Starbucks a block away along with the security of a gated 10-unit community. DO NOT WALK ON PROPERTY OR DISTURB TENANTS

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/131376671
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3817 41st St CITY HEIGHTS, CA 92105

  • Price: $3,400,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 143 min ago
  • ID#: 220019659
22
Beds
18
Baths
0
½ Baths
0.23
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
We are pleased to present 3817 41st St in City Heights. This property features 10 rental units on two APN’s built in 1988 and situated on a large 10,214 square foot lot. The unit mix boasts (4)3bed/2bath (4)2bed/2bath and (2)1bed/1bath with a total livable square feet of 8,484.With current gross monthly income over $18,000 there is still significant rental upside. The property also includes 8 parking spaces, a laundry facility, and a double garage/storage space. Tenants appreciate the large units and close proximity to freeways and a new construction Starbucks a block away along with the security of a gated 10-unit community. DO NOT WALK ON PROPERTY OR DISTURB TENANTS
Exterior Features

Parking Spaces Total 8

Interior Features

Sq Ft Of Improvement 8484

Property Features

Actual Cap Rate 3.53 Actual Gross Scheduled Income 218304.0 Actual Operating Expense 93814 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 15.6 Have N/A Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 18066 Motive Want Cash Out/Exchange Projected Cap Rate 6.0 Projected Gross Multiplier 10.8 Projected Gross Scheduled Inc 303000 Unit Rent1 2100 Unit Rent10 1282 Unit Rent2 2100 Unit Rent3 2127 Unit Rent4 2100 Unit Rent5 1795 Unit Rent6 1637 Unit Rent7 1795 Unit Rent8 1740 Unit Rent9 1281

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2022 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 © 2022 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