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4052 Oregon Street

San Diego, CA 92104
  • $3,600,000
  • STATUS: ACTIVE
  • ON SITE: 60 Days
  • ID#: 240007521
UPDATED: 172 min ago
$3,600,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

$200K PRICE IMPROVEMENT!!! 9 Unit Apartment Building in North Park For Sale! 4.5% CAP RATE. 14.9 GRM. Property is gated with intercom access, 4 Garages in the alley and 4 tandem off-street parking spaces in front. The property is conveniently located across the street from the North Park Recreation Center and Community Park and in walking distance to multiple eateries. Unit interiors have been substantially renovated, and the concrete parking area in front was recently replaced. Large multifamily housing project on the North side of the property is currently under construction and may lead to a significant positive effect on the 4052 Oregon Street's market rents once project is completed and fully leased. ---Bring all offers / Owner may consider a seller carry back---

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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/149670223
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4052 Oregon Street San Diego, CA 92104

  • Price: $3,600,000
  • Status: ACTIVE
  • On Site: 60 Days
  • Updated: 172 min ago
  • ID#: 240007521
3
Beds
2
Baths
0
½ Baths
0.16
Acres
Neighborhood:
North Park (92104)
County:
San Diego
Area:
North Park (92104)
Property Description
$200K PRICE IMPROVEMENT!!! 9 Unit Apartment Building in North Park For Sale! 4.5% CAP RATE. 14.9 GRM. Property is gated with intercom access, 4 Garages in the alley and 4 tandem off-street parking spaces in front. The property is conveniently located across the street from the North Park Recreation Center and Community Park and in walking distance to multiple eateries. Unit interiors have been substantially renovated, and the concrete parking area in front was recently replaced. Large multifamily housing project on the North side of the property is currently under construction and may lead to a significant positive effect on the 4052 Oregon Street's market rents once project is completed and fully leased. ---Bring all offers / Owner may consider a seller carry back---
Exterior Features

Construction Stucco Exterior Front SprinklersFully LandscapedWood Fence Lot Dimensions Approx 140'X50' Parking GaragesSpaces Parking Spaces Total 12 Roof Composition Units With Garages 4

Interior Features

Cooling None Floor Coverings Vinyl Floors Slab Heating Wall Laundry Leased Sq Ft Of Improvement 5693 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Units With Dishwashers 9 Units With Disposals 9 Units With Ranges 9 Units With Refrigerators 9

Property Features

Actual Cap Rate 4.5 Actual Gross Scheduled Income 241080.0 Actual Operating Expense 71100 Assumable Finance 0 Buildings 1 Complex Features BBQ Existing Financing ARM Financial Information Source Owner Gross Equity 1800000 Gross Multiplier 14.9 Have 9 Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 20090 Motive Want Cash-out or possible exchange Other Income Source Laundry Projected Cap Rate 5.0 Projected Gross Multiplier 13.5 Projected Gross Scheduled Inc 266400 Projected Net Income 180144 Projected Operating Expense 75600 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Cash Unit Number1 6 Unit Number2 3 Unit Rent Total1 12745 Unit Rent Total2 7345 Unit Rent1 $1900-$2200 Unit Rent2 $2400-$2495 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Daniel Melroy of Melroy Investments Inc: 858-414-1853. 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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The Neuman Team
516 5th Avenue
San Diego CA, 92101