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    6025-43 Adams Avenue

    San Diego, CA 92115
    • $2,150,000
    • STATUS: PENDING
    • ON SITE: 59 days
    • ID#: 200034074
    Pending
    UPDATED: 26 min ago
    $2,150,000
    • 7
      BEDS
    • 0.16
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Back at No Fault of Property. This 8 unit is situated on a corner lot near the campus of San Diego State University. The 2-story property consists of two 4-unit buildings totaling approximately 5,075 rentable square feet and a single story structure with 4 single car garages situated on a 6,927 square foot lot with primary access from Adams Avenue. The existing unit mix consists of (2) 3BD/2BA Units, (2) 2BD/1BA units, and (4) 1BD/1BA units. The units are separately metered for gas and electric and the owner bills back 90% of the water and sewer bill to the tenants. There are 2 water heaters, the units all have a second exterior door to the kitchen, ceiling fans in multiple rooms, and washer and dryer hook ups in a common laundry room. Most horizontal sewer lines were replaced with ABS and the driveway was redone with new concrete. The property is serviced by city trash, all tenants are MTM, and 3 units are intentionally held vacant. One 2 BD unit has a sliding back door and patio. DO NOT DISTURB TENANTS.

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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/108050933
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    6025-43 Adams Avenue San Diego, CA 92115

    • Price: $2,150,000
    • Status: PENDING
    • Updated: 26 min ago
    • ID#: 200034074
    7
    Beds
    5
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    Back at No Fault of Property. This 8 unit is situated on a corner lot near the campus of San Diego State University. The 2-story property consists of two 4-unit buildings totaling approximately 5,075 rentable square feet and a single story structure with 4 single car garages situated on a 6,927 square foot lot with primary access from Adams Avenue. The existing unit mix consists of (2) 3BD/2BA Units, (2) 2BD/1BA units, and (4) 1BD/1BA units. The units are separately metered for gas and electric and the owner bills back 90% of the water and sewer bill to the tenants. There are 2 water heaters, the units all have a second exterior door to the kitchen, ceiling fans in multiple rooms, and washer and dryer hook ups in a common laundry room. Most horizontal sewer lines were replaced with ABS and the driveway was redone with new concrete. The property is serviced by city trash, all tenants are MTM, and 3 units are intentionally held vacant. One 2 BD unit has a sliding back door and patio. DO NOT DISTURB TENANTS.
    Exterior Features

    Units With Garages 4

    Interior Features

    Sq Ft Of Improvement 5075 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 4.64 Actual Gross Operating Income 147851 Actual Gross Scheduled Income 152424.0 Actual Operating Expense 48131 Actual Vacancy And Credit Loss 4573 Assumable Finance 525000 Buildings 3 Gross Equity 1625000 Gross Multiplier 14.1 Have Units Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 12702 Motive Want Cash Out Other Income Source Rubs Present Loan 525000 Projected Cap Rate 5.95 Projected Gross Multiplier 11.8 Projected Gross Operating Inc 175997 Projected Gross Scheduled Inc 181440 Projected Net Income 127866 Projected Operating Expense 48131 Projected Vacancy And Credit Loss 5443 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 2 Unit Number2 2 Unit Number3 2 Unit Number4 2 Unit Rent Total1 4200 Unit Rent Total2 2956 Unit Rent Total3 2396 Unit Rent Total4 2700 Unit Rent1 2100 Unit Rent2 1478 Unit Rent3 1198 Unit Rent4 1350

    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