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Listing Details

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School Ratings & Info

Description

We are pleased to present 3834-40 Euclid Avenue which is a 6 unit apartment property consisting of four (4) 2 Bed / 1 Bath units, and two (2) 1 Bed / 1 Bath units with four (4) garages that generate extra income. The subject property has been well maintained and is situated on a 6,250 SF lot. The units have tile flooring in the common areas and new windows as well as a new staircase and landing. The property has low operating costs as well as significant upside in rents. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. THE PROPERTY IS SHOWN WITH AN ACCEPTED OFFER ONLY. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.

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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/120904000
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3834-40 Euclid Avenue San Diego, CA 92105

  • Price: $1,500,000
  • Status: ACTIVE
  • Updated: 29 min ago
  • ID#: 210024568
3
Beds
2
Baths
0
½ Baths
0.14
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
We are pleased to present 3834-40 Euclid Avenue which is a 6 unit apartment property consisting of four (4) 2 Bed / 1 Bath units, and two (2) 1 Bed / 1 Bath units with four (4) garages that generate extra income. The subject property has been well maintained and is situated on a 6,250 SF lot. The units have tile flooring in the common areas and new windows as well as a new staircase and landing. The property has low operating costs as well as significant upside in rents. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. THE PROPERTY IS SHOWN WITH AN ACCEPTED OFFER ONLY. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.
Exterior Features

Units With Garages 4

Interior Features

Sq Ft Of Improvement 3600 Units With Ranges 6 Units With Refrigerators 6

Property Features

Actual Cap Rate 4.8 Actual Gross Operating Income 105109 Actual Gross Scheduled Income 108360.0 Actual Operating Expense 33576 Actual Vacancy And Credit Loss 3251 Assumable Finance 0 Buildings 1 Gross Equity 1000000 Gross Multiplier 13.8 Have Units Leased Apartments 6 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 9030 Motive Want 1031 Projected Cap Rate 6.0 Projected Gross Multiplier 11.8 Projected Gross Operating Inc 123384 Projected Gross Scheduled Inc 127200 Projected Net Income 89808 Projected Operating Expense 33576 Projected Vacancy And Credit Loss 3816 Short Sale No Unit Number1 4 Unit Number2 2 Unit Rent Total1 6580 Unit Rent Total2 1450 Unit Rent1 1645 Unit Rent2 1225

Listing provided courtesy of South Coast Commercial, 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