Skip To Content

4361-4367 Altadena Avenue

San Diego, CA 92115
  • $2,400,000
  • STATUS: ACTIVE
  • ON SITE: 346 Days
  • ID#: 230005183
UPDATED: 25 min ago
$2,400,000
  • 7
    BEDS
  • 0.13
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Please to present a fully rehabbed and newly constructed multi unit in the heart of San Diego's high demand rental market of City Heights. This asset provides a new owner with a newly renovated property with more rental income upside. Five out of Eight units are month to month. Front 2 story building has been fully rehabbed inside and out. The back building contains 2 units that were recently built with city permits. 100% occupied. All new interiors including: flooring, bathrooms, cabinets, appliances, heaters, roof, counters, paint and water heaters. All new desert scape landscaping and artificial grass was designed to keep water bill low for owner. RUBs implemented! Property is situated 2 miles of NCAA Division 1 San Diego State University and less than half a mile from the College Area Business District. Tenants also have direct access to the Colina Del Sol Park which includes the Colina Park Municipal Golf Course. 5 out of 8 tenants are month to month,

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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/137872413
Print Image

4361-4367 Altadena Avenue San Diego, CA 92115

  • Price: $2,400,000
  • Status: ACTIVE
  • On Site: 346 Days
  • Updated: 25 min ago
  • ID#: 230005183
7
Beds
5
Baths
0
½ Baths
0.13
Acres
Neighborhood:
San Diego (92115)
County:
San Diego
Area:
San Diego (92115)
Property Description
Please to present a fully rehabbed and newly constructed multi unit in the heart of San Diego's high demand rental market of City Heights. This asset provides a new owner with a newly renovated property with more rental income upside. Five out of Eight units are month to month. Front 2 story building has been fully rehabbed inside and out. The back building contains 2 units that were recently built with city permits. 100% occupied. All new interiors including: flooring, bathrooms, cabinets, appliances, heaters, roof, counters, paint and water heaters. All new desert scape landscaping and artificial grass was designed to keep water bill low for owner. RUBs implemented! Property is situated 2 miles of NCAA Division 1 San Diego State University and less than half a mile from the College Area Business District. Tenants also have direct access to the Colina Del Sol Park which includes the Colina Park Municipal Golf Course. 5 out of 8 tenants are month to month,
Exterior Features

Carports 0 Construction DrywallFrameStucco Exterior Auto Front SprinklersCable AvailableFully LandscapedMetal Fence Parking None Parking Spaces Total 0 Roof Composition Units With Garages 0

Interior Features

Cooling None Floor Coverings Vinyl Heating Wall Sq Ft Of Improvement 0 Stories 2 Story Units With Dishwashers 0 Units With Disposals 8 Units With Drapes 0 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 6.53 Actual Gross Scheduled Income 186000.0 Actual Operating Expense 26075 Assumable Finance 0 Buildings 2 Existing Financing Private Financial Information Source Owner Gross Equity 0 Gross Multiplier 13 Have 0 Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 159925 Motive Want 0 Other Income Amount 550 Per Mo Other Income Source Rubs Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash To New Loan Unit Number1 1 Unit Number2 3 Unit Number3 2 Unit Number4 1 Unit Number5 1 Unit Rent Total1 1900 Unit Rent Total2 4800 Unit Rent Total3 3800 Unit Rent Total4 1950 Unit Rent Total5 2500 Unit Rent1 1900 Unit Rent2 1600 Unit Rent3 1900 Unit Rent4 1950 Unit Rent5 2500 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Brian Duarte of Millennial Realty Group: 619-759-1182. 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.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_230005183-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_230005183-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_230005183-2.jpg
Logo
The Neuman Team
516 5th Avenue
San Diego CA, 92101