7227 Saranac Street

    San Diego, CA 92115
    • $3,000,000
    • STATUS: ACTIVE
    • ON SITE: 99 days
    • ID#: 190037506
    UPDATED: 29 min ago
    $3,000,000
    • 6
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    7227 Saranac Street is a turn key investment strategically located in College East next to San Diego State University. The subject property consists of Six (6) Three-Bedroom, Three-bathroom units. Unit rents currently range $2,750-$2,900 each. Tenants pay all utilities. Near by comps of this size fetch $3,000+. The fully loaded units feature washer and dryers, HVAC systems, raised ceilings, views towards Lake Murry and on-site parking. The property is located just 2 miles away from Division 1 school, San Diego State University and a little over two miles from La Mesa Boulevard while also being two blocks south of El Cajon Boulevard. Both thoroughfares are main retail corridors. The property also offers tenants direct access to trolley and bus transit. The 70th Street trolley line offers ample parking. Direct access to SDSU.

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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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/96667950

    7227 Saranac Street San Diego, CA 92115

    • Price: $3,000,000
    • Status: ACTIVE
    • Updated: 29 min ago
    • ID#: 190037506
    6
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    7227 Saranac Street is a turn key investment strategically located in College East next to San Diego State University. The subject property consists of Six (6) Three-Bedroom, Three-bathroom units. Unit rents currently range $2,750-$2,900 each. Tenants pay all utilities. Near by comps of this size fetch $3,000+. The fully loaded units feature washer and dryers, HVAC systems, raised ceilings, views towards Lake Murry and on-site parking. The property is located just 2 miles away from Division 1 school, San Diego State University and a little over two miles from La Mesa Boulevard while also being two blocks south of El Cajon Boulevard. Both thoroughfares are main retail corridors. The property also offers tenants direct access to trolley and bus transit. The 70th Street trolley line offers ample parking. Direct access to SDSU.
    Exterior Features

    Parking Spaces Total 12

    Interior Features

    Cooling Central Forced Air Elec Sq Ft Of Improvement 6600 Units With Dishwashers 6 Units With Disposals 6 Units With Drapes 6 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    Actual Cap Rate 4.92 Actual Gross Scheduled Income 201600 Actual Operating Expense 54535 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 14.88 Have Cash Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 16800 Motive Want Cash/Financing Unit Number1 4 Unit Number2 2 Unit Rent1 2750 Unit Rent2 2900 Unit Type Apartment Zoning R-2:Minor

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