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3822-26 47Th St

San Diego, CA 92105
  • $822,000
  • STATUS: ACTIVE
  • ON SITE: 38 Days
  • ID#: 220026704
Price Reduced
UPDATED: 39 min ago
$822,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,950
    SQFT
  • $422
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

Price Reduction! Rare Investment Opportunity. Beautiful 3 on 1 apartment complex off University Ave. Duplex in front with 2 2bd/1ba units and a stand alone 1bd house w/1 car garage on back of lot. Potential to increase living space of 1bd house. Long term, stable tenants. Below market rents can be raised substantially. Each unit has private fenced-in yard. All roofing was replaced in 2017. Additional income from common laundry machines. Property can be purchased alone or with adjacent 3 unit complex (MLS#220026705) for a total of 6 units.

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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/134252485
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3822-26 47Th St San Diego, CA 92105

  • Price: $822,000
  • Status: ACTIVE
  • On Site: 38 Days
  • Updated: 39 min ago
  • ID#: 220026704
5
Beds
3
Baths
0
½ Baths
0.15
Acres
1,950
SQFT
$422
$/SQFT
1930
Built
Neighborhood:
City Heights
County:
San Diego
Area:
East San Diego (92105)
Property Description
Price Reduction! Rare Investment Opportunity. Beautiful 3 on 1 apartment complex off University Ave. Duplex in front with 2 2bd/1ba units and a stand alone 1bd house w/1 car garage on back of lot. Potential to increase living space of 1bd house. Long term, stable tenants. Below market rents can be raised substantially. Each unit has private fenced-in yard. All roofing was replaced in 2017. Additional income from common laundry machines. Property can be purchased alone or with adjacent 3 unit complex (MLS#220026705) for a total of 6 units.
Exterior Features

Exterior Stucco Fencing FullGate Irrigation AutomaticSprinklers Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 Detached Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 1 Parking Non Garage Desc Unit1 AssignedUncovered Parking Non Garage Desc Unit2 AssignedUncovered Roof Composition Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 0 View N/K

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 3.57 Age Restrictions N/K Annual Expense Actual 12000 Annual Expense Projected 12000 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community City Heights Complex Park None Cross Streets University Gross Rent Multiplier Actual 18.0 Gross Rent Multiplier Project 14.0 Gross Scheduled Income Actual 59040 Gross Scheduled Income Project 76800 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.95 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms CashConventional Unit Number For Unit1 3822 Unit Number For Unit2 3824 Unit Number For Unit3 3826 Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 2100.0 Unit1 Rent Actual 1750.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 2100.0 Unit2 Rent Actual 1745.0 Unit3 Deposit 550 Unit3 Occupied Tenant Unit3 Projected Rent 1900 Unit3 Rent Actual 1225.0 Water Meter On Property Zoning R-4:Multip

San Diego MLS logo Listing provided courtesy of Mission Center Realty, Inc: [IDXCONTACTINFORMATION]. 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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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101