4675-4683 NE Cass Street

    San Diego, CA 92109
    • $5,450,000
    • STATUS: ACTIVE
    • ON SITE: 69 days
    • ID#: 190032181
    $5,450,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Rare opportunity to own a 100% occupied mix-use project located on 3 parcels on the highly desirable Cass St corridor located within 2 blocks of Grand Ave and Mission Blvd with a strong rental income. The portfolio of properties currently 100% leased consists of 5 multi-family units and 2 commercial units on approx 11,700/sf+ of land. This opportunity offers for an investor a long-term solid investment with long-term tenants and a potential future mix-use development site. Low maintenance asset with strong local tenants. The project is being sold in a bulk sale.

    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/95792988

    4675-4683 NE Cass Street San Diego, CA 92109

    • Price: $5,450,000
    • Status: ACTIVE
    • ID#: 190032181
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    1946
    Built
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Rare opportunity to own a 100% occupied mix-use project located on 3 parcels on the highly desirable Cass St corridor located within 2 blocks of Grand Ave and Mission Blvd with a strong rental income. The portfolio of properties currently 100% leased consists of 5 multi-family units and 2 commercial units on approx 11,700/sf+ of land. This opportunity offers for an investor a long-term solid investment with long-term tenants and a potential future mix-use development site. Low maintenance asset with strong local tenants. The project is being sold in a bulk sale.
    Exterior Features

    Location Corner Parking On SiteStreet Roof Wood

    Interior Features

    Sq Ft Of Improvement 8900 Stories 1 Story

    Property Features

    Actual Cap Rate 4.44 Actual Gross Scheduled Income 326400 Actual Operating Expense 84516 Assumable Finance 0 Buildings 5 Commercial Property Type Retail Lease Have N/A Mandatory Remarks None Known Market Area Coastal South Motive Want Cash Out Occupancy Percent 100 Overall Percent Vacant 0 Projected Cap Rate 4.7 Property Type Mixed Usage Sales Restrictions Call Agent Short Sale No Sq Ft Source Buyer To Verify Tenant Pays ElectricJanitorTrashWater Terms CashSubmit Zoning Cspd

    Listing provided courtesy of Harcourts Point Loma Realty. 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