6755 Mission Gorge Road

    San Diego, CA 92120
    • $3,100,000
    • STATUS: PENDING
    • ON SITE: 69 days
    • ID#: 190002276
    Pending
    UPDATED: 72 min ago
    $3,100,000
    • 8
      BEDS
    • 0.21
      ACRES
    • 4
      BATHS
    • 2
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Mission Gorge Apartments consist of 10 units and 9 garages totaling 8,500 square feet of structure built in 1987 situated on a 9,204 square foot lot. The unit mix consists of one 3 Bed / 1.5 Bath, one 2 Bed / 1.5 Bath, seven 2 Bed / 1 Bath and one 1 Bed / 1 Bath unit. The units feature fireplaces, air conditioning, microwaves, and dishwashers. There is common, owned laundry, a picnic/BBQ area and additional parking. The exterior of the property has been painted, fitted with new windows, as well as re-landscaped with low maintenance landscaping. The units all have low flow toilets, new tubs and showerheads. The kitchens have new wood cabinets and quartz counter-tops as well as new appliances. All of the units have new vinyl plank flooring in the common areas as well as ceiling fans, mirrored closet doors and new window coverings. There is assumable financing at 3.43%.

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/90771783

    6755 Mission Gorge Road San Diego, CA 92120

    • Price: $3,100,000
    • Status: PENDING
    • Updated: 72 min ago
    • ID#: 190002276
    8
    Beds
    4
    Baths
    2
    ½ Baths
    0.21
    Acres
    Neighborhood:
    Del Cerro (92120)
    County:
    San Diego
    Area:
    Del Cerro (92120)
    Property Description
    The Mission Gorge Apartments consist of 10 units and 9 garages totaling 8,500 square feet of structure built in 1987 situated on a 9,204 square foot lot. The unit mix consists of one 3 Bed / 1.5 Bath, one 2 Bed / 1.5 Bath, seven 2 Bed / 1 Bath and one 1 Bed / 1 Bath unit. The units feature fireplaces, air conditioning, microwaves, and dishwashers. There is common, owned laundry, a picnic/BBQ area and additional parking. The exterior of the property has been painted, fitted with new windows, as well as re-landscaped with low maintenance landscaping. The units all have low flow toilets, new tubs and showerheads. The kitchens have new wood cabinets and quartz counter-tops as well as new appliances. All of the units have new vinyl plank flooring in the common areas as well as ceiling fans, mirrored closet doors and new window coverings. There is assumable financing at 3.43%.
    Exterior Features

    Units With Garages 9

    Interior Features

    Sq Ft Of Improvement 8500 Units With Dishwashers 10 Units With Ranges 10 Units With Refrigerators 10

    Property Features

    Actual Cap Rate 4.4 Actual Gross Operating Income 205970 Actual Gross Scheduled Income 212340 Actual Operating Expense 70021 Actual Vacancy And Credit Loss 6370 Assumable Finance 1908000 Buildings 1 Gross Equity 1192000 Gross Multiplier 14.6 Have Units Leased Apartments 10 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 17695 Motive Want Sell Other Income Source Laundry Projected Cap Rate 4.7 Projected Gross Multiplier 14 Projected Gross Operating Inc 215247 Projected Gross Scheduled Inc 221904 Projected Net Income 145226 Projected Operating Expense 70021 Projected Vacancy And Credit Loss 6657 Short Sale No Unit Number1 1 Unit Number2 7 Unit Number3 1 Unit Number4 1 Unit Rent Total1 1525 Unit Rent Total2 12075 Unit Rent Total3 1725 Unit Rent Total4 1995 Unit Rent1 1525 Unit Rent2 1725 Unit Rent3 1725 Unit Rent4 1995

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2019 San Diego MLS, Inc.
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101