Skip To Content

    5014 Auburn Dr.

    San Diego, CA 92105
    • $2,795,000
    • STATUS: PENDING
    • ON SITE: 30 days
    • ID#: 210007451
    Pending
    UPDATED: 20 min ago
    $2,795,000
    • 12
      BEDS
    • 0.72
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Welcome to your new 12 Unit Building which was completely rebuilt from the studs out less than 15 years ago! The owners thought they would turn these units into condos and rebuilt the building that way! Centrally located in City Heights which is great for tenants since it's walking distance from shopping, groceries and bus lines. This Apartment complex has an ideal unit mix at eight 2 bedroom/1 baths and four 1 bedroom/1 baths. There are 16 parking spaces on site that barely cover the expansive 30,000+ square foot lot. The building also has two large storage rooms and one laundry room that hasn't been in operation for a while but can easily start running again by installing a washer and dryer! Each unit has granite and newer kitchens and bathrooms. You will be surprised by the awesome condition of these units are in! This building requires a couple of managerial tweaks and you'll be at market rents in no time and receiving awesome rents!

    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/115396366
    Print Image

    5014 Auburn Dr. San Diego, CA 92105

    • Price: $2,795,000
    • Status: PENDING
    • Updated: 20 min ago
    • ID#: 210007451
    12
    Beds
    8
    Baths
    0
    ½ Baths
    0.72
    Acres
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    Welcome to your new 12 Unit Building which was completely rebuilt from the studs out less than 15 years ago! The owners thought they would turn these units into condos and rebuilt the building that way! Centrally located in City Heights which is great for tenants since it's walking distance from shopping, groceries and bus lines. This Apartment complex has an ideal unit mix at eight 2 bedroom/1 baths and four 1 bedroom/1 baths. There are 16 parking spaces on site that barely cover the expansive 30,000+ square foot lot. The building also has two large storage rooms and one laundry room that hasn't been in operation for a while but can easily start running again by installing a washer and dryer! Each unit has granite and newer kitchens and bathrooms. You will be surprised by the awesome condition of these units are in! This building requires a couple of managerial tweaks and you'll be at market rents in no time and receiving awesome rents!
    Exterior Features

    Construction Stucco Parking Spaces Parking Spaces Total 18

    Interior Features

    Floor Coverings TileWall To Wall Carpet Laundry Owned Sq Ft Of Improvement 8912 Stories 1 Story2 Story Unit Furnished1 N Units With Ranges 12 Units With Refrigerators 12

    Property Features

    Actual Cap Rate 4.12 Actual Cash Flow 17149 Actual Gross Operating Income 189732 Actual Gross Scheduled Income 195600.0 Actual Operating Expense 75387 Actual Taxes Expense 32498 Actual Total Pi Pay 8100 Actual Vacancy And Credit Loss 5868 Assumable Finance 0 Buildings 1 Gross Equity 27925000 Gross Multiplier 14.19 Have 12 Rebuilt Units Leased Apartments 12 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 16300 Motive Want Cash Out Projected Annual Pi Expense 97200 Projected Cap Rate 4.81 Projected Cash Flow 36146 Projected Gross Multiplier 12.85 Projected Gross Operating Inc 209520 Projected Gross Scheduled Inc 216000 Projected Net Income 133341 Projected Operating Expense 76179 Projected Vacancy And Credit Loss 6480 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Cash Unit Number1 1 Unit Number2 2 Unit Number3 3 Unit Number4 1 Unit Number5 2 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Rent Total1 1150 Unit Rent Total2 3200 Unit Rent Total3 4350 Unit Rent Total4 925 Unit Rent Total5 3100 Unit Rent Total6 1500 Unit Rent Total7 825 Unit Rent Total8 1250 Unit Rent1 1150 Unit Rent2 1600 Unit Rent3 1450 Unit Rent4 925 Unit Rent5 1550 Unit Rent6 1500 Unit Rent7 825 Unit Rent8 1250 Unit Type Apartment

    Listing provided courtesy of Lepe Tendwell Properties. 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_210007451-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210007451-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210007451-2.jpg
    Logo
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101