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3841-3845 Superior Street

San Diego, CA 92113
  • $1,395,000
  • STATUS: ACTIVE
  • ON SITE: 60 Days
  • ID#: 220014644
UPDATED: 29 min ago
$1,395,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,106
    SQFT
  • $662
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

We are pleased to present the Superior Street Cottages, 3 detached 2 bed/1 bath homes located in the Mountain View neighborhood of south San Diego. This opportunity offers buyers multiple options, an owner occupy buyer can live in one unit, possibly 3845 which includes a garage, basement and two gated parking spaces and rent out the other two units. Or the cashflow minded investor can purchase a turn-key, stabilized market rent asset and lock in 30 year fixed residential financing. Current rents are strong, ACTUAL GRM is 14.19 and the CAP rate is 4.69%. Recent upgrades include new roofs, new insulation, new appliances, cabinets, granite countertops, bathrooms, kitchens, crown molding, recessed lighting, and more. In addition, amenities include individual washer/dryer in each unit and individual fenced patios/yards for tenants to enjoy.

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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/129740250
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3841-3845 Superior Street San Diego, CA 92113

  • Price: $1,395,000
  • Status: ACTIVE
  • On Site: 60 Days
  • Updated: 29 min ago
  • ID#: 220014644
6
Beds
3
Baths
0
½ Baths
0.14
Acres
2,106
SQFT
$662
$/SQFT
1950
Built
Neighborhood:
Mountain View
County:
San Diego
Area:
Logan Heights (92113)
Property Description
We are pleased to present the Superior Street Cottages, 3 detached 2 bed/1 bath homes located in the Mountain View neighborhood of south San Diego. This opportunity offers buyers multiple options, an owner occupy buyer can live in one unit, possibly 3845 which includes a garage, basement and two gated parking spaces and rent out the other two units. Or the cashflow minded investor can purchase a turn-key, stabilized market rent asset and lock in 30 year fixed residential financing. Current rents are strong, ACTUAL GRM is 14.19 and the CAP rate is 4.69%. Recent upgrades include new roofs, new insulation, new appliances, cabinets, granite countertops, bathrooms, kitchens, crown molding, recessed lighting, and more. In addition, amenities include individual washer/dryer in each unit and individual fenced patios/yards for tenants to enjoy.
Exterior Features

Exterior Other/Remarks Fencing Full Parking Garage Spaces Unit3 1 Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 3

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 4.69 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 29946 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community San Diego Complex Park N/A Cross Streets S 38th & S 39th Gross Rent Multiplier Actual 14.19 Gross Scheduled Income Actual 98340 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 3841 Unit Number For Unit2 3843 Unit Number For Unit3 3845 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2545.0 Unit1 Rent Actual 2450.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2545.0 Unit2 Rent Actual 2545.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 3200 Unit3 Rent Actual 3200.0

San Diego MLS logo Listing provided courtesy of Acre Investment Real Estate. 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