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4050-56 Euclid Ave

San Diego, CA 92105
  • $1,325,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: 240010394
UPDATED: 160 min ago
$1,325,000
  • 3
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Introducing an investment opportunity in a prime location: a 4 unit property featuring a spacious three-bedroom front house, complemented by a newly built ADU and two additional units. With rents already almost at market levels, this property promises strong rental income potential. Don't miss out!

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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/150430040
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4050-56 Euclid Ave San Diego, CA 92105

  • Price: $1,325,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 160 min ago
  • ID#: 240010394
3
Beds
4
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
City Heights
County:
San Diego
Area:
East San Diego (92105)
Property Description
Introducing an investment opportunity in a prime location: a 4 unit property featuring a spacious three-bedroom front house, complemented by a newly built ADU and two additional units. With rents already almost at market levels, this property promises strong rental income potential. Don't miss out!
Exterior Features

Exterior Other/RemarksStucco Fencing N/KOther/RemarksPartial Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

Interior Features

Cooling Other/RemarksWall/Window Furnished Units 4 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 3.3 Age Restrictions N/K Annual Expense Actual 31805 Association ID San Diego Association of REALTORS (SDAR) Buildings 4 Cfd Mello Roos Fee 0.0 Community CITY HEIGHTS Complex Park City Heights Cross Streets Euclid Ave & Polk Ave Gross Rent Multiplier Actual 17.0 Gross Rent Multiplier Project 13.2 Gross Scheduled Income Actual 76560 Gross Scheduled Income Project 98280 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 63526 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.9 Sales Restrictions Call Agent Security N/KOther/Remarks Short Sale No Tenant Pays N/KOther/Remarks Terms CashConventionalFHAVA Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2500.0 Unit1 Rent Actual 1805.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 1695.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1800 Unit3 Rent Actual 1795.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 1800 Unit4 Rent Actual 1085.0

San Diego MLS logo Listing provided courtesy of Jason Lee of JLM Real Estate Inc.: 858-336-9688. 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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516 5th Avenue
San Diego CA, 92101