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    5236 Naranja St

    San Diego, CA 92114
    • $3,299,000
    • STATUS: ACTIVE
    • ON SITE: 19 days
    • ID#: 200047691
    UPDATED: 55 min ago
    $3,299,000
    • 3
      BEDS
    • 0.33
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are proud to present the Las Olas Apartments, located at 5236-42 Naranja Street in San Diego, CA 92114. The subject property consists of 15 Units: (10) Two Bed / One Bath units and (5) One Bedroom / One Baths units totaling 8770 SF on a 14,233 SF lot located in a CA Opportunity zone. This property includes 10 deep single car garages and extra parking for its residents with 17 spaces in addition. The property has been professionally managed/maintained and was extensively rehabbed in 2017/2018 with many major system upgrades including but not limited to new roofs, new vinyl windows, staircases, elevated walkways, and other exterior cosmetic upgrades. Unit interiors were also cosmetically upgraded in 2018 and have been continually improved as units turn over with new flooring, countertops, cabinets, etc.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/110751055
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    5236 Naranja St San Diego, CA 92114

    • Price: $3,299,000
    • Status: ACTIVE
    • Updated: 55 min ago
    • ID#: 200047691
    3
    Beds
    2
    Baths
    0
    ½ Baths
    0.33
    Acres
    Neighborhood:
    Encanto (92114)
    County:
    San Diego
    Area:
    Encanto (92114)
    Property Description
    We are proud to present the Las Olas Apartments, located at 5236-42 Naranja Street in San Diego, CA 92114. The subject property consists of 15 Units: (10) Two Bed / One Bath units and (5) One Bedroom / One Baths units totaling 8770 SF on a 14,233 SF lot located in a CA Opportunity zone. This property includes 10 deep single car garages and extra parking for its residents with 17 spaces in addition. The property has been professionally managed/maintained and was extensively rehabbed in 2017/2018 with many major system upgrades including but not limited to new roofs, new vinyl windows, staircases, elevated walkways, and other exterior cosmetic upgrades. Unit interiors were also cosmetically upgraded in 2018 and have been continually improved as units turn over with new flooring, countertops, cabinets, etc.
    Exterior Features

    Construction DrywallStucco Parking Spaces Total 17 Units With Garages 10

    Interior Features

    Sq Ft Of Improvement 8770 Unit Furnished1 0 Unit Furnished2 0 Units With Ranges 15 Units With Refrigerators 15

    Property Features

    Actual Cap Rate 5.25 Actual Cash On Cash 4.8 Actual Gross Scheduled Income 266040.0 Actual Operating Expense 86632 Assumable Finance 2000000 Buildings 1 Gross Equity 2299000 Gross Multiplier 12.4 Have 10 2/S 5 1/S & 10 Garage Leased Apartments 15 Mandatory Remarks None Known Market Area Metro Central Motive Want Cash Out Present Loan 2000000 Projected Cap Rate 6.2 Projected Cash On Cash 8 Projected Gross Multiplier 11 Projected Gross Scheduled Inc 299700 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 15 Unit Number2 5 Unit Rent Total1 15000 Unit Rent Total2 5970 Unit Rent1 1500 Unit Rent2 1194 Zoning High Densi

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2020 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 © 2020 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