Skip To Content
    Return to Previous Page

    4334 49th Street

    San Diego, CA 92115
    • $2,375,000
    • STATUS: ACTIVE
    • ON SITE: 72 days
    • ID#: 200039656
    UPDATED: 54 min ago
    $2,375,000
    • 17
      BEDS
    • 0.17
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Back on the Market. Buyer unable to perform because of Heath Reasons. Property shows extremely well. Stable Rents throughout Covid. 49th Street Villas is a 9 Unit turn-key apartment building, that was constructed in 1975. The properties interior and exterior were completely renovated in 2017. The property sits a half block south of El Cajon Blvd in the high demand rental market of City Heights. The unit mix comprises (8) spacious 2BR/1BA and (1) 1BR/1BA unit. A new Investor will be taking possession of a very well maintained building with no deferred maintenance. Rents are currently about 5-10 percent below market. Ownership has not raised rents in 2019 or 2020 so far. The current owner has rents set at market or just below and has collected 100% of rents during COVID 19.

    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/109088313
    Print Image

    4334 49th Street San Diego, CA 92115

    • Price: $2,375,000
    • Status: ACTIVE
    • Updated: 54 min ago
    • ID#: 200039656
    17
    Beds
    9
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    Back on the Market. Buyer unable to perform because of Heath Reasons. Property shows extremely well. Stable Rents throughout Covid. 49th Street Villas is a 9 Unit turn-key apartment building, that was constructed in 1975. The properties interior and exterior were completely renovated in 2017. The property sits a half block south of El Cajon Blvd in the high demand rental market of City Heights. The unit mix comprises (8) spacious 2BR/1BA and (1) 1BR/1BA unit. A new Investor will be taking possession of a very well maintained building with no deferred maintenance. Rents are currently about 5-10 percent below market. Ownership has not raised rents in 2019 or 2020 so far. The current owner has rents set at market or just below and has collected 100% of rents during COVID 19.
    Exterior Features

    Carports 4 Parking Spaces Total 12

    Interior Features

    Sq Ft Of Improvement 7192 Unit Furnished1 0 Unit Furnished2 0 Unit Furnished3 0 Unit Furnished4 0 Unit Furnished5 0 Unit Furnished6 0 Unit Furnished7 0 Unit Furnished8 0 Unit Furnished9 0 Units With Dishwashers 9 Units With Disposals 9 Units With Drapes 9 Units With Ranges 9 Units With Refrigerators 9

    Property Features

    Actual Cap Rate 4.75 Actual Gross Scheduled Income 175320.0 Actual Operating Expense 60810 Assumable Finance 0 Buildings 2 Gross Equity 2256250 Gross Multiplier 13.55 Have 9 Rehabbed Units Leased Apartments 9 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 14610 Motive Want Exchange Other Income Actual 3600 Other Income Amount 3600 Other Income Source Laundry Projected Cap Rate 5.53 Projected Gross Multiplier 12.24 Projected Gross Scheduled Inc 194100 Projected Other Income 4800 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 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 1350 Unit Rent Total2 1695 Unit Rent Total3 1665 Unit Rent Total4 1975 Unit Rent Total5 1595 Unit Rent Total6 1525 Unit Rent Total7 1595 Unit Rent Total8 1695 Unit Rent Total9 1695 Unit Rent1 1350 Unit Rent2 1695 Unit Rent3 1665 Unit Rent4 1795 Unit Rent5 1595 Unit Rent6 1525 Unit Rent7 1595 Unit Rent8 1695 Unit Rent9 1695 Zoning R-4 Mult

    Listing provided courtesy of Marcus & Millichap. 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.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_200039656-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_200039656-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_200039656-2.jpg
    Logo
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101