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    4514 Bancroft St

    San Diego, CA 92116
    • $6,000,000
    • STATUS: ACTIVE
    • ON SITE: 37 days
    • ID#: 210023165
    UPDATED: 21 min ago
    $6,000,000
    • 9
      BEDS
    • 0.27
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Rare opportunity to acquire a fully leased, 18-unit property on a very large lot in coveted Normal Heights one of San Diego’s best rental markets. This property is an outstanding investment opportunity. Additionally, this is an extremely large lot for neighborhood, which makes this rare find for a developer. Plenty of parking. Current rents below market. One unit is discounted for the onsite manager. Immediate potential for increased GSI. Do not disturb the occupants. Shown with accepted offer.

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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/120477241
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    4514 Bancroft St San Diego, CA 92116

    • Price: $6,000,000
    • Status: ACTIVE
    • Updated: 21 min ago
    • ID#: 210023165
    9
    Beds
    7
    Baths
    0
    ½ Baths
    0.27
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    Rare opportunity to acquire a fully leased, 18-unit property on a very large lot in coveted Normal Heights one of San Diego’s best rental markets. This property is an outstanding investment opportunity. Additionally, this is an extremely large lot for neighborhood, which makes this rare find for a developer. Plenty of parking. Current rents below market. One unit is discounted for the onsite manager. Immediate potential for increased GSI. Do not disturb the occupants. Shown with accepted offer.
    Interior Features

    Sq Ft Of Improvement 7000 Units With Disposals 18 Units With Drapes 18 Units With Ranges 18 Units With Refrigerators 18

    Property Features

    Actual Cap Rate 3.0 Actual Gross Scheduled Income 257040.0 Actual Operating Expense 77112 Actual Taxes Expense 16676 Assumable Finance 0 Buildings 1 Gross Equity 6000000 Gross Multiplier 17.01 Have 18 Units Leased Apartments 18 Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Projected Cap Rate 4.01 Projected Fl Ins Expense 4417 Projected Gross Scheduled Inc 352800 Short Sale No Unit Number1 1 Unit Number2 3 Unit Number3 1 Unit Number4 9 Unit Number5 1 Unit Number6 2 Unit Number7 1 Unit Rent Total1 850 Unit Rent Total2 3375 Unit Rent Total3 1195 Unit Rent Total4 10800 Unit Rent Total5 1250 Unit Rent Total6 2600 Unit Rent Total7 1350 Unit Rent1 850 Unit Rent2 1125 Unit Rent3 1195 Unit Rent4 1200 Unit Rent5 1250 Unit Rent6 1300 Unit Rent7 1350 Zoning Rm-1-2

    Listing provided courtesy of Andy Hsu & Associates. 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