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    1/2 BATHS
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Listing Details

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MLS #
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School Ratings & Info

Description

This is a centrally located 8-unit multifamily building with a fantastic unit mix (six 2 BD / 1 BA and two 1 BD / 1 BA). It is placed in a Federal Opportunity Zone right off El Cajon Blvd in the Northeastern pocket of City Heights. It also has great access to retail stores and transportation to the 15 and 8 freeways. The property is gated off with key access for added security. - Comprised of six 2 BD / 1 BA and two 1 BD / 1 BA - Strategically located in a Federal Opportunity Zone - Growing submarket; neighboring properties are renovating

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/119805024
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4369 51st St San Diego, CA 92115

  • Price: $2,200,000
  • Status: ACTIVE
  • Updated: 6 min ago
  • ID#: 210021306
9
Beds
5
Baths
0
½ Baths
0.14
Acres
Neighborhood:
San Diego (92115)
County:
San Diego
Area:
San Diego (92115)
Property Description
This is a centrally located 8-unit multifamily building with a fantastic unit mix (six 2 BD / 1 BA and two 1 BD / 1 BA). It is placed in a Federal Opportunity Zone right off El Cajon Blvd in the Northeastern pocket of City Heights. It also has great access to retail stores and transportation to the 15 and 8 freeways. The property is gated off with key access for added security. - Comprised of six 2 BD / 1 BA and two 1 BD / 1 BA - Strategically located in a Federal Opportunity Zone - Growing submarket; neighboring properties are renovating
Exterior Features

Construction Drywall Exterior Metal FencePart Fenced Parking Spaces Parking Spaces Total 10

Interior Features

Sq Ft Of Improvement 5520 Stories 2 Story

Property Features

Actual Cap Rate 4.0 Actual Gross Scheduled Income 141000.0 Actual Operating Expense 49305 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 15.6 Have Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Exchange Projected Cap Rate 4.7 Projected Gross Scheduled Inc 159600 Projected Net Income 103727 Projected Operating Expense 51085 Sq Ft Source Owner Unit Number1 2 Unit Number2 2 Unit Number3 1 Unit Number4 1 Unit Number5 2 Unit Rent1 1550 Unit Rent2 1525 Unit Rent3 1500 Unit Rent4 1600 Unit Rent5 1250 Unit Type Apartment

Listing provided courtesy of Svn / Vanguard. Listing information © 2021 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101