4109-15 3rd Avenue

    San Diego, CA 92103
    • $2,149,000
    • STATUS: ACTIVE
    • ON SITE: 276 days
    • ID#: 180064251
    UPDATED: 72 min ago
    $2,149,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 411
      SQFT
    • $5,229
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Variance Granted for Commerical: Ofc/Rtl/Ind. Duplicate 2-4 unit listing #180063329. Mixed use. Zoning CC-3-8 high density-1 unit per 600sf-100 foot ht. Potential future land bank or continue as apt, office, medical, dental, etc. 3 of 4 units completely renovated. New kitchens, baths, flooring, interior texture/paint, windows, newer roof/stucco, 3 new FAU & A/C units, upgraded electrical panel/outlets, etc.. 3 of 4 units completely furnished w/high end finishes/furnishings negotiable. Current short-term rental income $175,000 gross for 3 units. 1) 1br/1ba+3 gar=$27,600. Total =$202,000. See financial document attached.

    Monthly Payment Calculator

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/89560367

    4109-15 3rd Avenue San Diego, CA 92103

    • Price: $2,149,000
    • Status: ACTIVE
    • Updated: 72 min ago
    • ID#: 180064251
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    411
    SQFT
    $5,229
    $/SQFT
    1956
    Built
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    Variance Granted for Commerical: Ofc/Rtl/Ind. Duplicate 2-4 unit listing #180063329. Mixed use. Zoning CC-3-8 high density-1 unit per 600sf-100 foot ht. Potential future land bank or continue as apt, office, medical, dental, etc. 3 of 4 units completely renovated. New kitchens, baths, flooring, interior texture/paint, windows, newer roof/stucco, 3 new FAU & A/C units, upgraded electrical panel/outlets, etc.. 3 of 4 units completely furnished w/high end finishes/furnishings negotiable. Current short-term rental income $175,000 gross for 3 units. 1) 1br/1ba+3 gar=$27,600. Total =$202,000. See financial document attached.
    Exterior Features

    Construction Stucco Location Free StandingRemarks Parking On SiteStreetOther/Remarks Parking Free Form 3 Garages + 5 Spaces Roof Composition

    Interior Features

    Common Restrooms 0 Cooling Central Forced Air Gas Floors Wood Heating Central Forced Air Gas Private Restrooms 5 Restrooms 5 Stories 2 Story

    Property Features

    Actual Cap Rate 7 Actual Gross Scheduled Income 201851 Actual Operating Expense 54116 Assumable Finance 0 Commercial Property Type Office SaleRetail Sale Effective Age 15 Existing Financing Conventional Financial Information Source OwnerOther/Remarks Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between 2049000 - 2149000 Market Area Metro Uptown Motive Want Sale/Exchange For 50% Business Partner Projected Cap Rate 7 Projected Gross Scheduled Inc 220000 Projected Net Income 147735 Property Type Mixed UsageOther/Remarks Sale Includes BuildingEquipmentLandLeases Sales Restrictions N/K Short Sale No Special Local Transfer Tax Tenant Pays ElectricGasWater Terms CashCash To New Loan

    Listing provided courtesy of Glenbrook Advisors. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101