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    4464-68 Alabama Street

    San Diego, CA 92116
    • $1,100,000
    • STATUS: ACTIVE
    • ON SITE: 114 days
    • ID#: 200030302
    $1,100,000
    • 3
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,242
      SQFT
    • $886
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    We are pleased to present the Alabama Street Apartments, a three (3) unit apartment complex comprised of all single-level units in the high-demand rental market of University Heights, San Diego. The unit mix consists of three (3) 1 bedroom / 1 bathroom units and four (4) single-car garages. This is an ideal opportunity for either an investor or owner occupant seeking a quality property located in one of San Diego County’s best performing multi-family rental submarkets.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/107402116
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    4464-68 Alabama Street San Diego, CA 92116

    • Price: $1,100,000
    • Status: ACTIVE
    • ID#: 200030302
    3
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,242
    SQFT
    $886
    $/SQFT
    1941
    Built
    Neighborhood:
    West Of 805
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    We are pleased to present the Alabama Street Apartments, a three (3) unit apartment complex comprised of all single-level units in the high-demand rental market of University Heights, San Diego. The unit mix consists of three (3) 1 bedroom / 1 bathroom units and four (4) single-car garages. This is an ideal opportunity for either an investor or owner occupant seeking a quality property located in one of San Diego County’s best performing multi-family rental submarkets.
    Exterior Features

    Exterior Wood/Stucco Fencing Other/Remarks Roof Composition Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 3 Units With Patios 0

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0

    Property Features

    Actual Cap Rate 2.98 Age Restrictions N/K Annual Expense Actual 21127 Annual Expense Projected 21127 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community University Heights Complex Park University Heights Cross Streets Monroe Avenue Gross Rent Multiplier Actual 19.78 Gross Rent Multiplier Project 17.02 Gross Scheduled Income Actual 55620 Gross Scheduled Income Project 64620 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 41555 Other Fees 0.0 Other Income Actual 6240 Projected Cap Rate 3.78 Projected Other Income 7200.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Cal VetCashConventionalFhaVa Unit1 Deposit 800 Unit1 Occupied Tenant Unit1 Projected Rent 1595.0 Unit1 Rent Actual 1395.0 Unit2 Deposit 800 Unit2 Occupied Tenant Unit2 Projected Rent 1595.0 Unit2 Rent Actual 1395.0 Unit3 Deposit 1295 Unit3 Occupied Tenant Unit3 Projected Rent 1595 Unit3 Rent Actual 1325.0

    Listing provided courtesy of Apartment Realty Group (Arg). Listing information © 2020 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 © 2020 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