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    4162 51st Street

    San Diego, CA 92105
    • $2,750,000
    • STATUS: ACTIVE
    • ON SITE: 33 days
    • ID#: 200049421
    UPDATED: 11 min ago
    $2,750,000
    • 3
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    100% FULLY RENOVATED, STABILIZED AND TURNKEY. 100% RENT COLLECTIONS THROUGH COVID. The Browar Group is pleased to present this wonderful asset well located in a charming cul-de-sac of City Heights. The property underwent extensive renovations in 2019/20 and include but are not limited to a new roof, electrical and plumbing upgrades and full interior remodels in all units. Boasting a strong unit mix of mostly 2BRs, the asset has laundry on site, ample parking for all and is 100% gated with security cameras. High end finishes throughout allow for peak 92105 rents, as well as hosting a strong tenant pool. Perfect for 1031 exchange buyers or investors looking to add to their portfolio. Current all time low lending rates paired with the property's net income allow for a down payment as low as $750k on 5, 7 or 10 year money.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/111255087
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    4162 51st Street San Diego, CA 92105

    • Price: $2,750,000
    • Status: ACTIVE
    • Updated: 11 min ago
    • ID#: 200049421
    3
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    100% FULLY RENOVATED, STABILIZED AND TURNKEY. 100% RENT COLLECTIONS THROUGH COVID. The Browar Group is pleased to present this wonderful asset well located in a charming cul-de-sac of City Heights. The property underwent extensive renovations in 2019/20 and include but are not limited to a new roof, electrical and plumbing upgrades and full interior remodels in all units. Boasting a strong unit mix of mostly 2BRs, the asset has laundry on site, ample parking for all and is 100% gated with security cameras. High end finishes throughout allow for peak 92105 rents, as well as hosting a strong tenant pool. Perfect for 1031 exchange buyers or investors looking to add to their portfolio. Current all time low lending rates paired with the property's net income allow for a down payment as low as $750k on 5, 7 or 10 year money.
    Exterior Features

    Parking Spaces Total 14

    Interior Features

    Sq Ft Of Improvement 7546

    Property Features

    Actual Cap Rate 5.23 Actual Gross Scheduled Income 216168.0 Actual Operating Expense 66335 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 12.72 Have Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Exchange Projected Cap Rate 5.77 Projected Gross Multiplier 11.85 Short Sale No Unit Number1 8 Unit Number2 2 Unit Rent1 1797 Unit Rent2 1535

    Listing provided courtesy of The Browar Group. Listing information © 2020 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 © 2020 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