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4162 51st Street

San Diego, CA 92105
  • $3,200,000
  • STATUS: ACTIVE
  • ON SITE: 21 Days
  • ID#: 220027863
UPDATED: 48 min ago
$3,200,000
  • 18
    BEDS
  • 0.22
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

FULLY RENOVATED TURNKEY UNITS. Excellent mix of 8 (2 br/1 bath) & 2 (1 br/1 bath) with all onsite parking. Located on a charming cul-de-sac street in City Heights next to an elementary school. These units experienced an extensive remodeling in 2019-2020 including, but not limited to new roofs, electrical and plumbing upgrades, complete interior remodels including luxury vinyl flooring, window treatments, all stainless-steel appliances, new cabinetry, dual paned windows, owned laundry, and 100% gated with security cameras. High-end finishes throughout allow for peak 92105 rents. The moratorium is over, and rents are rising rapidly!

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/134700777
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4162 51st Street San Diego, CA 92105

  • Price: $3,200,000
  • Status: ACTIVE
  • On Site: 21 Days
  • Updated: 48 min ago
  • ID#: 220027863
18
Beds
10
Baths
0
½ Baths
0.22
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
FULLY RENOVATED TURNKEY UNITS. Excellent mix of 8 (2 br/1 bath) & 2 (1 br/1 bath) with all onsite parking. Located on a charming cul-de-sac street in City Heights next to an elementary school. These units experienced an extensive remodeling in 2019-2020 including, but not limited to new roofs, electrical and plumbing upgrades, complete interior remodels including luxury vinyl flooring, window treatments, all stainless-steel appliances, new cabinetry, dual paned windows, owned laundry, and 100% gated with security cameras. High-end finishes throughout allow for peak 92105 rents. The moratorium is over, and rents are rising rapidly!
Exterior Features

Carports 0 Construction Stucco Exterior Block FenceFully LandscapedMetal FencePart FencedSecurity Bars Lot Dimensions Approx 125X75 Parking Spaces Parking Spaces Total 14 Roof Other/Remarks Units With Garages 0

Interior Features

Cooling Wall/Window Floor Coverings VinylOther/Remarks Floors SlabWood Heating Wall Laundry Owned Sq Ft Of Improvement 7546 Stories 2 Story Unit Furnished1 No Unit Furnished10 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Unit Furnished7 No Unit Furnished8 No Unit Furnished9 No Units With Dishwashers 10 Units With Disposals 10 Units With Drapes 10 Units With Ranges 10 Units With Refrigerators 10

Property Features

Actual Cap Rate 4.0 Actual Cash Flow 126308 Actual Gardener Expense 275 Actual Gas And Electric 4500 Actual Gross Operating Income 207036 Actual Gross Scheduled Income 204636.0 Actual Maintenance Expense 11540 Actual Operating Expense 80728 Actual Pest Control Expense 600 Actual Prop Management 10350 Actual Supplies Expense 2400 Actual Taxes Expense 37395 Actual Total Expense 80720 Actual Trash Expense 2850 Actual Vacancy And Credit Loss 0 Actual Water Sewer Expense 6600 Assumable Finance 0 Buildings 2 Complex Features None Existing Financing Conventional Financial Information Source Other/Remarks Fiscal Year From 21 Fiscal Year To 22 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 1520000 Gross Multiplier 13.33 Have 10 Fully Rehabbed Units Leased Apartments 10 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 19930 Motive Want Sale Other Income Actual 2400 Other Income Amount 2400 Other Income Source Laundry Present Loan 1680000 Projected Cash Flow 209875 Projected Cash On Cash 0 Projected Gardener Expense 275 Projected Gas And Electric 4500 Projected Gross Multiplier 11.30 Projected Gross Operating Inc 285600 Projected Gross Scheduled Inc 283200 Projected Maintenance Expense 10000 Projected Net Income 209875 Projected Operating Expense 75725 Projected Other Income 2400 Projected Pest Expense 600 Projected Property Mgmt Expense 10500 Projected Supplies Expense 2400 Projected Taxes Expense 38000 Projected Total Expense 75725 Projected Trash Expense 2850 Projected Vacancy And Credit Loss 0 Projected Water And Sewer Expense 6600 Short Sale No Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 1 Unit Number10 10 Unit Number2 2 Unit Number3 3 Unit Number4 4 Unit Number5 5 Unit Number6 6 Unit Number7 7 Unit Number8 8 Unit Number9 9 Unit Rent Total1 1740 Unit Rent Total10 2300 Unit Rent Total2 2100 Unit Rent Total3 2070 Unit Rent Total4 2090 Unit Rent Total5 2300 Unit Rent Total6 1630 Unit Rent Total7 2090 Unit Rent Total8 2070 Unit Rent Total9 2090 Unit Rent1 1740 Unit Rent10 2300 Unit Rent2 2100 Unit Rent3 2070 Unit Rent4 2090 Unit Rent5 2300 Unit Rent6 1630 Unit Rent7 2090 Unit Rent8 2070 Unit Rent9 2090 Unit Type Apartment Zoning R-4:Multip

San Diego MLS logo Listing provided courtesy of Berkshire Hathaway Homeservice: [IDXCONTACTINFORMATION]. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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