Skip To Content

4775 Wilson Ave.

San Diego, CA 92116
  • $2,450,000
  • STATUS: PENDING
  • ON SITE: 19 Days
  • ID#: 210027972
Pending
UPDATED: 50 min ago
$2,450,000
  • 7
    BEDS
  • 0.14
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Proud to present 4775 Wilson Ave., a 7-unit garden style apartment property in the highly desirable community of Normal Heights. This property is 1/2 a block north of Adams Ave. and has been professionally maintained since at least 2014. Additionally, 6 of the 7 units have been renovated starting in 2016 and offer the very desirable features of air conditioning AND in-unit washer & dryer. Other updates have included newer appliances; cabinets; flooring; counter-tops; fresh paint and much more as needed in select units. This property offers plenty of Off-street parking with 4 spots in the back, (two 2-car carports that a savvy investor might consider the possibility of turning into garages) and an additional 7 off-street parking spaces in the front of the property (3 tandem spaces and 1 additional). The well-kept front of the building with its manicured bushes, shade tree and fresh green lawn, lead to a locked/gated courtyard that offers the tenants a safe and secure community feeling. The community of Normal Heights is one of San Diego's most desirable rental neighborhoods with its many shops; coffee houses; restaurants; diners; micro-breweries; and more. This property boasts a walk-score of 93 (per 'walkscore.com'). Normal Heights is centrally located in the city of San Diego and offers quick access to most major freeway corridors (Interstates 15; 8; 805; 163; 94 and more) which puts tenants within a quick drive to all that San Diego has to offer whether it be the many fabulous beaches; Balboa Park/San Diego Zoo; Old Town SD; and much more.

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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/122078761
Print Image

4775 Wilson Ave. San Diego, CA 92116

  • Price: $2,450,000
  • Status: PENDING
  • Updated: 50 min ago
  • ID#: 210027972
7
Beds
6
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Normal Heights (92116)
County:
San Diego
Area:
Normal Heights (92116)
Property Description
Proud to present 4775 Wilson Ave., a 7-unit garden style apartment property in the highly desirable community of Normal Heights. This property is 1/2 a block north of Adams Ave. and has been professionally maintained since at least 2014. Additionally, 6 of the 7 units have been renovated starting in 2016 and offer the very desirable features of air conditioning AND in-unit washer & dryer. Other updates have included newer appliances; cabinets; flooring; counter-tops; fresh paint and much more as needed in select units. This property offers plenty of Off-street parking with 4 spots in the back, (two 2-car carports that a savvy investor might consider the possibility of turning into garages) and an additional 7 off-street parking spaces in the front of the property (3 tandem spaces and 1 additional). The well-kept front of the building with its manicured bushes, shade tree and fresh green lawn, lead to a locked/gated courtyard that offers the tenants a safe and secure community feeling. The community of Normal Heights is one of San Diego's most desirable rental neighborhoods with its many shops; coffee houses; restaurants; diners; micro-breweries; and more. This property boasts a walk-score of 93 (per 'walkscore.com'). Normal Heights is centrally located in the city of San Diego and offers quick access to most major freeway corridors (Interstates 15; 8; 805; 163; 94 and more) which puts tenants within a quick drive to all that San Diego has to offer whether it be the many fabulous beaches; Balboa Park/San Diego Zoo; Old Town SD; and much more.
Exterior Features

Carports 4 Exterior Fully LandscapedMetal FenceWood Fence Parking CarportsSpaces Parking Spaces Total 11 Roof TileOther/Remarks Units With Garages 0

Interior Features

Cooling Wall/Window Floor Coverings HardwoodWall To Wall Carpet Heating Wall Sq Ft Of Improvement 0 Stories 2 Story Units With Ranges 7 Units With Refrigerators 7

Property Features

Actual Cap Rate 3.0 Actual Gross Operating Income 131097 Actual Gross Scheduled Income 135840.0 Actual Operating Expense 58755 Actual Vacancy And Credit Loss 4743 Assumable Finance 0 Buildings 1 Existing Financing Conventional Gross Equity 1500000 Gross Multiplier 18.04 Have 7 UnitsMotivated Seller Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 11295 Motive Want 1031 Other Income Amount 25 Other Income Source Laundry Projected Gross Scheduled Inc 147660 Projected Other Income 300 Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 2 Unit Number6 1 Unit Rent Total1 1815 Unit Rent Total2 1650 Unit Rent Total3 1625 Unit Rent Total4 1595 Unit Rent Total5 3090 Unit Rent Total6 1520 Unit Rent1 1815 Unit Rent2 1650 Unit Rent3 1625 Unit Rent4 1595 Unit Rent5 1545 Unit Rent6 1520 Unit Type Apartment

Listing provided courtesy of Apartment Consultants, Inc.. 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.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210027972-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210027972-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210027972-2.jpg
Logo
Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101