4352 49th Street

    San Diego, CA 92115
    • $1,795,000
    • STATUS: ACTIVE
    • ON SITE: 35 days
    • ID#: 190050225
    Price Reduced
    UPDATED: 40 min ago
    $1,795,000
    • 6
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 8 solid remodeled units one parcel south of El Cajon Blvd. There is additional upside in rents. The property consists of approximately 5,852 SF of structure built in 1971 situated on a 6,251 SF lot. The property is 3 stories in the rear and 2 stories in the front with plenty of parking including 4 garages in the rear. Select units have unique floor plans and amenities including balconies and wall-to-ceiling windows. There is laundry onsite and additional storage units for tenants. There is an additional 15% upside in the current rents and a newer vinyl roof. This property is located a few hundred feet from the shopping and transit on El Cajon Blvd and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/98817266

    4352 49th Street San Diego, CA 92115

    • Price: $1,795,000
    • Status: ACTIVE
    • Updated: 40 min ago
    • ID#: 190050225
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    We are pleased to present 8 solid remodeled units one parcel south of El Cajon Blvd. There is additional upside in rents. The property consists of approximately 5,852 SF of structure built in 1971 situated on a 6,251 SF lot. The property is 3 stories in the rear and 2 stories in the front with plenty of parking including 4 garages in the rear. Select units have unique floor plans and amenities including balconies and wall-to-ceiling windows. There is laundry onsite and additional storage units for tenants. There is an additional 15% upside in the current rents and a newer vinyl roof. This property is located a few hundred feet from the shopping and transit on El Cajon Blvd and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.
    Exterior Features

    Parking Spaces Total 12 Units With Garages 4

    Interior Features

    Sq Ft Of Improvement 5852 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 5 Actual Gross Operating Income 134267 Actual Gross Scheduled Income 138420 Actual Operating Expense 45022 Actual Vacancy And Credit Loss 4153 Assumable Finance 0 Buildings 1 Gross Equity 1000000 Gross Multiplier 13 Have Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 11535 Motive Want Cash Out Other Income Source Laundry Projected Cap Rate 6.2 Projected Gross Multiplier 11.1 Projected Gross Operating Inc 154812 Projected Gross Scheduled Inc 159600 Projected Net Income 111362 Projected Operating Expense 45022 Projected Vacancy And Credit Loss 4788 Unit Number1 3 Unit Number2 1 Unit Number3 1 Unit Number4 3 Unit Rent Total1 4647 Unit Rent Total2 1499 Unit Rent Total3 1349 Unit Rent Total4 3897 Unit Rent1 1549 Unit Rent2 1499 Unit Rent3 1349 Unit Rent4 1299

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101