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    4303 Mentone

    San Diego, CA 92110
    • $2,495,000
    • STATUS: ACTIVE
    • ON SITE: 16 days
    • ID#: 200051927
    UPDATED: 8 min ago
    $2,495,000
    • 9
      BEDS
    • 0.15
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Mediterranean style building with mature landscaping in Loma Portal (Ocean Beach area). Well appointed units with tile flooring, granite countertops, stainless steel appliances. Each unit gets one covered parking spot. Owned laundry equipment. Many tenants are relatively long term. Legitimate upside in rents within the rent control constraints. Current cap rate is 3.3% while market cap rate is 3.6%. These units are approved condominiums with a current white report (ask agent for details)

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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/111968996
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    4303 Mentone San Diego, CA 92110

    • Price: $2,495,000
    • Status: ACTIVE
    • Updated: 8 min ago
    • ID#: 200051927
    9
    Beds
    8
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    Old Town Sd (92110)
    County:
    San Diego
    Area:
    Old Town Sd (92110)
    Property Description
    Mediterranean style building with mature landscaping in Loma Portal (Ocean Beach area). Well appointed units with tile flooring, granite countertops, stainless steel appliances. Each unit gets one covered parking spot. Owned laundry equipment. Many tenants are relatively long term. Legitimate upside in rents within the rent control constraints. Current cap rate is 3.3% while market cap rate is 3.6%. These units are approved condominiums with a current white report (ask agent for details)
    Exterior Features

    Carports 7 Construction Stucco Exterior Fully Landscaped Lot Dimensions Approx 50X122 Parking Carports Parking Spaces Total 7 Roof Tar & GravelTile

    Interior Features

    Cooling None Floor Coverings Tile Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 6526 Stories 2 Story Unit Furnished1 N Unit Furnished2 N Unit Furnished3 N Unit Furnished4 N Unit Furnished5 N Unit Furnished6 N Units With Dishwashers 7 Units With Disposals 7 Units With Drapes 7 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    1st Loan Balance 0 Actual Cap Rate 3.3 Actual Cash Flow 82031 Actual Gardener Expense 2050 Actual Gas And Electric 2230 Actual Gross Operating Income 132660 Actual Gross Scheduled Income 131760.0 Actual License Expense 151 Actual Maintenance Expense 10450 Actual Operating Expense 50629 Actual Prop Management 4400 Actual Taxes Expense 23681 Actual Total Expense 51242 Actual Trash Expense 1471 Actual Vacancy And Credit Loss 0 Actual Water Sewer Expense 4706 Assumable Finance 0 Buildings 1 Complex Features None Existing Financing Clear Financial Information Source Owner Fiscal Year From 20 Fiscal Year To 20 Gross Equity 2495000 Gross Multiplier 18.7 Have 7 Units With Condo Map Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Monthly Rent Total 10980 Motive Want Cash Other Income Actual 900 Other Income Amount 75 Other Income Source Laundry Present Loan 0 Projected Cap Rate 3.6 Projected Cash Flow 88824 Projected Fl Ins Expense 2103 Projected Fl Ins Expense1 2103 Projected Gardener Expense 2400 Projected Gas And Electric 2230 Projected Gross Multiplier 17 Projected Gross Operating Inc 143640 Projected Gross Scheduled Inc 145740 Projected Maintenance Expense 10000 Projected Net Income 88824 Projected Operating Expense 54816 Projected Other Income 900 Projected Property Mgmt Expense 4400 Projected Taxes Expense 27445 Projected Total Expense 54816 Projected Trash Expense 1471 Projected Vacancy And Credit Loss 3000 Projected Water And Sewer Expense 3800 Special None Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 1 Unit Number2 2 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Rent Total1 1850 Unit Rent Total10 10980 Unit Rent Total2 2750 Unit Rent Total3 1395 Unit Rent Total4 1795 Unit Rent Total5 1795 Unit Rent Total6 1395 Unit Rent1 1850 Unit Rent2 1375 Unit Rent3 1395 Unit Rent4 1795 Unit Rent5 1795 Unit Rent6 1395 Unit Type Condo

    Listing provided courtesy of J D Bols & Associates. 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