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    4823 68th St

    San Diego, CA 92115
    • $12,700,000
    • STATUS: ACTIVE
    • ON SITE: 59 days
    • ID#: 210006221
    UPDATED: 43 min ago
    $12,700,000
    • 2
      BEDS
    • 1.47
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Excellent Investment Opportunity To Acquire 38-Unit Infill Property. Strong Performance During Pandemic With Average Monthly Rent Collections of 95%. Desirable Unit Mix of 100% Large 2 Bed / 2 Bath Floor Plans Averaging 1,30 SF. Proven Value-Add Strategy With 10 Classic Units Oferring Additional Upgrade Potential. Ecellent Location One Mile From San Diego State University. Call agent for offering memorandum.

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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/114963880
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    4823 68th St San Diego, CA 92115

    • Price: $12,700,000
    • Status: ACTIVE
    • Updated: 43 min ago
    • ID#: 210006221
    2
    Beds
    2
    Baths
    0
    ½ Baths
    1.47
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    Excellent Investment Opportunity To Acquire 38-Unit Infill Property. Strong Performance During Pandemic With Average Monthly Rent Collections of 95%. Desirable Unit Mix of 100% Large 2 Bed / 2 Bath Floor Plans Averaging 1,30 SF. Proven Value-Add Strategy With 10 Classic Units Oferring Additional Upgrade Potential. Ecellent Location One Mile From San Diego State University. Call agent for offering memorandum.
    Exterior Features

    Construction Other/Remarks Exterior Remarks Parking Other/RemarksSpaces Parking Spaces Total 40 Roof Other/Remarks

    Interior Features

    Cooling Other Floor Coverings Other/Remarks Floors Slab Heating Radiant Laundry Leased Sq Ft Of Improvement 39376 Stories 2 Story Units With Dishwashers 38 Units With Disposals 38 Units With Ranges 38 Units With Refrigerators 38

    Property Features

    Actual Cap Rate 4.08 Actual Gross Operating Income 895712 Actual Gross Scheduled Income 851652.0 Actual Operating Expense 351507 Assumable Finance 0 Buildings 1 Complex Features BbqClubhouseHeated PoolOther/Remarks Existing Financing Conventional Financial Information Source Other/RemarksOwner Gross Equity 7620000 Gross Multiplier 14.9 Have 38 Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Projected Cap Rate 5.05 Projected Gross Multiplier 12.9 Projected Gross Operating Inc 998585 Projected Gross Scheduled Inc 982500 Projected Net Income 641647 Projected Operating Expense 356938 Projected Other Income 50460 Projected Vacancy And Credit Loss 34375 Short Sale No Special Other/Remarks Sq Ft Source Buyer To Verify Terms CashCash To New Loan Unit Number1 38 Unit Type Other/Remarks

    Listing provided courtesy of Acre Investment Real Estate. 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