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    3841-47 Marlborough Avenue

    San Diego, CA 92105
    • $2,000,000
    • STATUS: ACTIVE
    • ON SITE: 15 days
    • ID#: 210025756
    UPDATED: 30 min ago
    $2,000,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    3841-47 Marlborough Avenue is an 8-unit apartment complex that consists of 6,480 rentable SF situated on a 7,000 SF lot with ample parking. The unit mix consists of all 2 Bed / 1 Bath units. The property was built in the 1950s. The property is a great value add deal with tremendous upside in rents in the dynamic City Heights rental market. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. Socially and economically, Central San Diego has a high concentration businesses and households. Businesses tend to be smaller and wider spread than to the north and east. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico.

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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/121297118
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    3841-47 Marlborough Avenue San Diego, CA 92105

    • Price: $2,000,000
    • Status: ACTIVE
    • Updated: 30 min ago
    • ID#: 210025756
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    3841-47 Marlborough Avenue is an 8-unit apartment complex that consists of 6,480 rentable SF situated on a 7,000 SF lot with ample parking. The unit mix consists of all 2 Bed / 1 Bath units. The property was built in the 1950s. The property is a great value add deal with tremendous upside in rents in the dynamic City Heights rental market. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. Socially and economically, Central San Diego has a high concentration businesses and households. Businesses tend to be smaller and wider spread than to the north and east. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico.
    Interior Features

    Sq Ft Of Improvement 6480

    Property Features

    Actual Cap Rate 3.92 Actual Gross Operating Income 127807 Actual Gross Scheduled Income 131760.0 Actual Operating Expense 49337 Actual Vacancy And Credit Loss 3953 Assumable Finance 0 Gross Equity 2000000 Gross Multiplier 15.2 Have Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 10880 Motive Want Sell/1031 Present Loan 0 Projected Cap Rate 6.2 Projected Gross Multiplier 11.2 Projected Gross Operating Inc 173436 Projected Gross Scheduled Inc 178800 Projected Net Income 124099 Projected Operating Expense 49337 Projected Vacancy And Credit Loss 5364 Short Sale No Unit Number1 8 Unit Rent Total1 10980 Unit Rent1 1360

    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