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    4615 Georgia Street

    San Diego, CA 92116
    • $2,895,000
    • STATUS: ACTIVE
    • ON SITE: 27 days
    • ID#: 200046732
    UPDATED: 25 min ago
    $2,895,000
    • 5
      BEDS
    • 0.17
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Spot @ Uni Heights is a completely turnkey, highly remodeled seven unit multi-family investment property in the San Diego metro community of University Heights and is comprised of three 2 Bedroom/1 Bath apartments, four 1 Bedroom/1 Bath apartments, and three garage spaces. The apartments feature Air Conditioning, Washer/Dryer in every unit, Stainless Steel Appliances, Quartz Countertops, Shaker Cabinets, LVP Flooring, Mirrored Closet Doors, and Recessed Can Lighting. Low maintenance landscaping and shared courtyard with built in barbecue and firepit. The opportunity allows for an investor to collect significant cash flow in an appreciating sub-market of North Park/University Heights. Hedge against AB-1482.

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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/110477030
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    4615 Georgia Street San Diego, CA 92116

    • Price: $2,895,000
    • Status: ACTIVE
    • Updated: 25 min ago
    • ID#: 200046732
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    The Spot @ Uni Heights is a completely turnkey, highly remodeled seven unit multi-family investment property in the San Diego metro community of University Heights and is comprised of three 2 Bedroom/1 Bath apartments, four 1 Bedroom/1 Bath apartments, and three garage spaces. The apartments feature Air Conditioning, Washer/Dryer in every unit, Stainless Steel Appliances, Quartz Countertops, Shaker Cabinets, LVP Flooring, Mirrored Closet Doors, and Recessed Can Lighting. Low maintenance landscaping and shared courtyard with built in barbecue and firepit. The opportunity allows for an investor to collect significant cash flow in an appreciating sub-market of North Park/University Heights. Hedge against AB-1482.
    Exterior Features

    Construction FrameStucco Exterior Fully Landscaped Parking Garages Parking Spaces Total 3 Roof Composition Units With Garages 3

    Interior Features

    Cooling Wall/Window Floor Coverings Other/Remarks Floors Other/Remarks Heating Other/Remarks Laundry Owned Sq Ft Of Improvement 3925 Stories 2 Story Units With Dishwashers 7 Units With Disposals 7 Units With Drapes 7 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    Actual Cap Rate 4.53 Actual Gross Scheduled Income 190140.0 Actual Operating Expense 55901 Assumable Finance 1650000 Buildings 2 Complex Features Bbq Existing Financing Conventional Financial Information Source Owner Gross Equity 2895000 Gross Multiplier 15.14 Have Luxury Apartment Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 15140 Motive Want Sell Other Income Amount 8460 Other Income Source Gar./Rubs Projected Cap Rate 4.78 Projected Gross Multiplier 14.02 Projected Gross Scheduled Inc 206486 Projected Net Income 138346 Projected Operating Expense 68140 Short Sale No Sq Ft Source Owner Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms Other/Remarks Unit Number1 1 Unit Number2 2 Unit Number3 4 Unit Rent Total1 2950 Unit Rent Total2 4790 Unit Rent Total3 7400 Unit Rent1 2950 Unit Rent2 2395 Unit Rent3 1850 Unit Type Other/Remarks

    Listing provided courtesy of Beacon Investment Realty. 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