Skip To Content

4344 Van Dyke Ave

San Diego, CA 92105
  • $3,180,000
  • STATUS: ACTIVE
  • ON SITE: 91 Days
  • ID#: 220027777
$3,180,000
  • 11
    BEDS
  • 0.15
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present this opportunity to acquire an 8-unit apartment complex located in the Kensington neighborhood of San Diego. The property was recently remodeled and features an ideal unit mix of three (3) two-bedroom/one-bath and five (5) one-bedroom/one-bath units totaling approximately 5,616 square feet. The two-story structure features a wood-frame, stucco exterior and a flat roof. New ownership has the potential to increase the rents nearly 30% for a significant value add opportunity. Plus, the property is a great candidate for adding an ADU.

Monthly Payment Calculator

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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/134664537
Print Image

4344 Van Dyke Ave San Diego, CA 92105

  • Price: $3,180,000
  • Status: ACTIVE
  • On Site: 91 Days
  • ID#: 220027777
11
Beds
8
Baths
0
½ Baths
0.15
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
We are pleased to present this opportunity to acquire an 8-unit apartment complex located in the Kensington neighborhood of San Diego. The property was recently remodeled and features an ideal unit mix of three (3) two-bedroom/one-bath and five (5) one-bedroom/one-bath units totaling approximately 5,616 square feet. The two-story structure features a wood-frame, stucco exterior and a flat roof. New ownership has the potential to increase the rents nearly 30% for a significant value add opportunity. Plus, the property is a great candidate for adding an ADU.
Exterior Features

Exterior Cable AvailableFront SprinklersFully LandscapedMetal Fence Parking GaragesSpaces Parking Spaces Total 8 Units With Garages 2

Interior Features

Floor Coverings Vinyl Laundry Owned Sq Ft Of Improvement 5616 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Unit Furnished7 No Unit Furnished8 No Units With Dishwashers 8 Units With Disposals 8 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 3.52 Actual Gross Scheduled Income 177900.0 Actual Operating Expense 69066 Assumable Finance 0 Buildings 1 Complex Features Bbq Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 0 Gross Multiplier 18.44 Have N/A Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 14825 Motive Want N/A Other Income Actual 6720 Projected Cap Rate 4.71 Projected Gross Multiplier 14.35 Projected Gross Scheduled Inc 237000 Projected Net Income 160008.92 Projected Other Income 7380 Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Rent Total1 1710 Unit Rent Total2 1645 Unit Rent Total3 2000 Unit Rent Total4 1965 Unit Rent Total5 2050 Unit Rent Total6 1680 Unit Rent Total7 1735 Unit Rent Total8 2040 Unit Rent1 1710 Unit Rent2 1645 Unit Rent3 2000 Unit Rent4 1965 Unit Rent5 2050 Unit Rent6 1680 Unit Rent7 1735 Unit Rent8 2040 Zoning R-4:Multip

San Diego MLS logo Listing provided courtesy of Homecoin.Com: [IDXCONTACTINFORMATION]. Listing information © 2023 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220027777-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220027777-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220027777-2.jpg
Logo
The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101