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    4576-80 32nd Street

    San Diego, CA 92116
    • $1,550,000
    • STATUS: ACTIVE
    • ON SITE: 10 days
    • ID#: 200048070
    $1,550,000
    • 3
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are happy to present 4576-80 32nd St for sale. A completely turnkey and remodeled asset that is located in a trophy location. The property has very low expenses and maintenance costs, all tenants are paying On Time, no late fees, and there is one coin laundry onsite. The property was renovated in 2017. Perfect for the investor who wants to invest in a low maintenance asset in a location where rents will only continue to increase in the long term.

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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/110859486
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    4576-80 32nd Street San Diego, CA 92116

    • Price: $1,550,000
    • Status: ACTIVE
    • ID#: 200048070
    3
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    We are happy to present 4576-80 32nd St for sale. A completely turnkey and remodeled asset that is located in a trophy location. The property has very low expenses and maintenance costs, all tenants are paying On Time, no late fees, and there is one coin laundry onsite. The property was renovated in 2017. Perfect for the investor who wants to invest in a low maintenance asset in a location where rents will only continue to increase in the long term.
    Exterior Features

    Parking Spaces Total 6

    Interior Features

    Sq Ft Of Improvement 1998

    Property Features

    Actual Cap Rate 4.1 Actual Cash On Cash 2.5% Actual Gas And Electric 121 Actual Gross Scheduled Income 95640.0 Actual Operating Expense 29527 Actual Taxes Expense 16726 Actual Trash Expense 0 Actual Vacancy And Credit Loss 0 Actual Water Sewer Expense 1745 Assumable Finance 0 Gross Equity 1550000 Gross Multiplier 16.2 Have Apartment Complex Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 7970 Motive Want 1031 Exchange Other Income Amount 150 Other Income Source Laundry Projected Cap Rate 4.6 Projected Gross Multiplier 15.1 Projected Gross Scheduled Inc 102600 Projected Vacancy And Credit Loss 0 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 Unit Number2 2 Unit Number3 2 Unit Rent Total1 2250 Unit Rent Total2 3050 Unit Rent Total3 2520 Unit Rent1 2250 Unit Rent2 1525 Unit Rent3 1260

    Listing provided courtesy of South Coast Commercial, Inc.. 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