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3928 Alabama Street

San Diego, CA 92104
  • $4,795,000
  • STATUS: ACTIVE
  • ON SITE: 6 Days
  • ID#: 240010746
New On Site 6 Days Ago
UPDATED: 137 min ago
$4,795,000
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

3928 Alabama Street is a solid 12 unit building in North Park near University Heights, Hillcrest and Morley Field with individual APNs for eight of the units. The approximately 6,714 square foot three-story structure was built in 1970 and is situated on a 7,118 square foot lot. The strong unit mix features six 2 Bed / 1.5 Bath units and two 1 Bed / 1 Bath units with dishwashers as well as a two 1 Bedroom and two Studio ADUs. The property features ample parking and remodeled units with additional upside in the rents. Buyer to verify Square Footage. DO NOT WALK ON THE 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150548299
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3928 Alabama Street San Diego, CA 92104

  • Price: $4,795,000
  • Status: ACTIVE
  • On Site: 6 Days
  • Updated: 137 min ago
  • ID#: 240010746
4
Beds
4
Baths
1
½ Baths
N/A
Acres
Neighborhood:
North Park (92104)
County:
San Diego
Area:
North Park (92104)
Property Description
3928 Alabama Street is a solid 12 unit building in North Park near University Heights, Hillcrest and Morley Field with individual APNs for eight of the units. The approximately 6,714 square foot three-story structure was built in 1970 and is situated on a 7,118 square foot lot. The strong unit mix features six 2 Bed / 1.5 Bath units and two 1 Bed / 1 Bath units with dishwashers as well as a two 1 Bedroom and two Studio ADUs. The property features ample parking and remodeled units with additional upside in the rents. Buyer to verify Square Footage. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.
Interior Features

Sq Ft Of Improvement 6714

Property Features

Actual Cap Rate 4.2 Actual Gross Operating Income 304549 Actual Gross Scheduled Income 313968.0 Actual Operating Expense 102058 Actual Vacancy And Credit Loss 9419 Assumable Finance 0 Buildings 1 Gross Equity 1000000 Gross Multiplier 15.3 Have Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 26164 Motive Want Sell Projected Cap Rate 5.1 Projected Gross Multiplier 13.4 Projected Gross Operating Inc 348036 Projected Gross Scheduled Inc 358800 Projected Net Income 245978 Projected Operating Expense 102058 Projected Vacancy And Credit Loss 10764 Short Sale No Unit Number1 6 Unit Number2 2 Unit Number3 2 Unit Number4 2 Unit Rent Total1 15114 Unit Rent Total2 4350 Unit Rent Total3 3500 Unit Rent Total4 3200 Unit Rent1 2519 Unit Rent2 2175 Unit Rent3 1750 Unit Rent4 1600

San Diego MLS logo Listing provided courtesy of Benn Vogelsang of NorthMarq Multifamily: 415-250-4947. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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