4438 56th St

    San Diego, CA 92115
    • $4,050,000
    • STATUS: PENDING
    • ON SITE: 78 days
    • ID#: 190041909
    Pending
    UPDATED: 18 min ago
    $4,050,000
    • 12
      BEDS
    • 0.45
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4438 56th St is a 15 unit apartment building, that's maximum number of units without the onsite management requirement. The unit mix is very rare all 2 bedroom 2 bath with central air and dishwashers. There's 23 parking spaces including 8 car ports and 2 garages. Units are individually metered. Rents below market. Area rent survey suggests $1750 or more for comparable units. Onsite laundry brings in extra income too. Most units have been remodeled, about 5 are not. Make sure to check out the video link/virtual tour.

    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/97392705

    4438 56th St San Diego, CA 92115

    • Price: $4,050,000
    • Status: PENDING
    • Updated: 18 min ago
    • ID#: 190041909
    12
    Beds
    12
    Baths
    0
    ½ Baths
    0.45
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    4438 56th St is a 15 unit apartment building, that's maximum number of units without the onsite management requirement. The unit mix is very rare all 2 bedroom 2 bath with central air and dishwashers. There's 23 parking spaces including 8 car ports and 2 garages. Units are individually metered. Rents below market. Area rent survey suggests $1750 or more for comparable units. Onsite laundry brings in extra income too. Most units have been remodeled, about 5 are not. Make sure to check out the video link/virtual tour.
    Exterior Features

    Exterior Cable Available Parking CarportsGaragesSpaces

    Interior Features

    Cooling Central Forced Air ElecHeat Pump Floor Coverings TileVinylOther/Remarks Floors Slab Heating Central Forced Air Elec Laundry Leased Sq Ft Of Improvement 14458 Stories 2 Story

    Property Features

    Actual Gross Scheduled Income 286200 Actual Operating Expense 92435 Assumable Finance 1800000 Buildings 1 Existing Financing Conventional Financial Information Source Other/Remarks Gross Equity 2835000 Gross Multiplier 14.08 Have 15 Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 23850 Motive Want Cash Out Other Income Source 125 Short Sale No Sq Ft Source Buyer To VerifyTax Record Terms CashCash To Existing LoanCash To New Loan Unit Number1 1 Unit Number2 1 Unit Number3 10 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Rent Total1 1675 Unit Rent Total2 1625 Unit Rent Total3 15950 Unit Rent Total4 1575 Unit Rent Total5 1525 Unit Rent Total6 1500 Unit Rent1 1675 Unit Rent2 1625 Unit Rent3 1595 Unit Rent4 1575 Unit Rent5 1525 Unit Rent6 1500

    Listing provided courtesy of Apartment Consultants, 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