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    5201-5211 Naranja Street

    San Diego, CA 92114
    • $1,950,000
    • STATUS: ACTIVE
    • ON SITE: 84 days
    • ID#: 200049616
    $1,950,000
    • 6
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Encanto (92114)
    Type:
    Multi-Family
    County:
    San Diego
    Area:
    Encanto (92114)

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    Description

    5201-5211 Naranja Street is located in the growing community of Encanto, San Diego. This property is situated on a 16,561 square foot parcel and has an above average unit mix totaling 6,236 square feet. Out of 10 units, five (5) units are 2 bedroom 1 bathroom, four (4) units are 1 bedroom 1 bathroom and the final unit is a 3 bedroom 1.5 bathroom. This property is also considered rare in the sense that no two units share walls, allowing for higher rental rates and better tenant relationships. This property is situated in the opportunity zone for San Diego, allowing new ownership to come in and reap the benefits. This is a true value-add opportunity in a market full of overvalued product. Get your offers in quickly, this one won’t last on the market long! This property is being sold with the adjacent parcel 548-052-09.

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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/111312307
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    5201-5211 Naranja Street San Diego, CA 92114

    • Price: $1,950,000
    • Status: ACTIVE
    • ID#: 200049616
    6
    Beds
    3
    Baths
    1
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Encanto (92114)
    County:
    San Diego
    Area:
    Encanto (92114)
    Property Description
    5201-5211 Naranja Street is located in the growing community of Encanto, San Diego. This property is situated on a 16,561 square foot parcel and has an above average unit mix totaling 6,236 square feet. Out of 10 units, five (5) units are 2 bedroom 1 bathroom, four (4) units are 1 bedroom 1 bathroom and the final unit is a 3 bedroom 1.5 bathroom. This property is also considered rare in the sense that no two units share walls, allowing for higher rental rates and better tenant relationships. This property is situated in the opportunity zone for San Diego, allowing new ownership to come in and reap the benefits. This is a true value-add opportunity in a market full of overvalued product. Get your offers in quickly, this one won’t last on the market long! This property is being sold with the adjacent parcel 548-052-09.
    Interior Features

    Sq Ft Of Improvement 6236

    Property Features

    Actual Cap Rate 4.03 Actual Gross Scheduled Income 139068.0 Actual Operating Expense 54924 Assumable Finance 0 Gross Equity 1000000 Gross Multiplier 14.0 Have Apartments Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 11589 Motive Want 1031 Projected Cap Rate 5.97 Unit Number1 4 Unit Number2 5 Unit Number3 1 Unit Rent Total1 4084 Unit Rent Total2 6255 Unit Rent Total3 1250 Unit Rent1 1021 Unit Rent2 1251 Unit Rent3 1250 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.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101