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4327 Montalvo Street

San Diego, CA 92107
  • $3,000,000
  • STATUS: ACTIVE
  • ON SITE: 23 Days
  • ID#: 240012114
$3,000,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,792
    SQFT
  • $626
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Description

Four spacious 3 bedroom / 2 bath Townhouses (public records show 2 bedroom / 2 Baths, approx. 1,200 sqft each) with Washers and Dryers in every unit. These rentals are in high demand. The current GSI is $161K with projected at $192K! Conveniently located across the street from Correia Middle School, one block away from the YMCA, and 2 blocks from the nature trails of Famosa Slough Marine Conservation Area. This property has low maintenance landscaping and low expenses overall. All offers require proof of funds and a lender pre-qualification letter. The seller is a CA licensed real estate licensee and the listing agent.

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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/151133992
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4327 Montalvo Street San Diego, CA 92107

  • Price: $3,000,000
  • Status: ACTIVE
  • On Site: 23 Days
  • ID#: 240012114
8
Beds
8
Baths
0
½ Baths
0.14
Acres
4,792
SQFT
$626
$/SQFT
1986
Built
Neighborhood:
Loma Alta 2
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
Four spacious 3 bedroom / 2 bath Townhouses (public records show 2 bedroom / 2 Baths, approx. 1,200 sqft each) with Washers and Dryers in every unit. These rentals are in high demand. The current GSI is $161K with projected at $192K! Conveniently located across the street from Correia Middle School, one block away from the YMCA, and 2 blocks from the nature trails of Famosa Slough Marine Conservation Area. This property has low maintenance landscaping and low expenses overall. All offers require proof of funds and a lender pre-qualification letter. The seller is a CA licensed real estate licensee and the listing agent.
Exterior Features

Exterior Stucco Fencing Partial Frontage Dimensions In Feet 49 Irrigation Automatic Lot Dimensions Approx 49'X119' Parking Garage Desc Unit1 Assigned Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 AssignedTandem Parking Non Garage Desc Unit2 AssignedTandem Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Roof Composition Site West of I-5 Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type Gas

Property Features

Actual Cap Rate 3.7 Age Restrictions N/K Annual Expense Actual 47500 Annual Expense Projected 47500 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community OCEAN BEACH Complex Park NA Cross Streets Camulos Street Gross Rent Multiplier Actual 18.56 Gross Rent Multiplier Project 15.63 Gross Scheduled Income Actual 161600 Gross Scheduled Income Project 192000 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Net Operating Income Projected 140660 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.7 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 1750 Unit1 Occupied Tenant Unit1 Projected Rent 4000.0 Unit1 Rent Actual 2750.0 Unit2 Deposit 3995 Unit2 Occupied Tenant Unit2 Projected Rent 4000.0 Unit2 Rent Actual 3995.0 Unit3 Deposit 3995 Unit3 Occupied Tenant Unit3 Projected Rent 4000 Unit3 Rent Actual 3995.0 Unit4 Deposit 1500 Unit4 Occupied Tenant Unit4 Projected Rent 4000 Unit4 Rent Actual 2728.0 Water Meter on Property Zoning RM-3-7

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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