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    842 Sinkler Way

    Vista, CA 92083
    • $2,300,000
    • STATUS: PENDING
    • ON SITE: 33 days
    • ID#: 210002624
    Pending
    UPDATED: 73 min ago
    $2,300,000
    • 14
      BEDS
    • 0.51
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Superior unit mix of six-2 bed/2 bath and two- 3 bed/2 bath units. Seller has put more than $175k into upgrades. Almost all units have been renovated upon turnover. Newer roof and new garage doors. Private entry road was just repaved in March, 2021. Parking lot was resurfaced with new asphalt several years ago. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Eight single car garages are a permanent advantage and are highly sought after by tenants. Part of a 6 asset portfolio, all of which are available individually.

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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/113809542
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    842 Sinkler Way Vista, CA 92083

    • Price: $2,300,000
    • Status: PENDING
    • Updated: 73 min ago
    • ID#: 210002624
    14
    Beds
    12
    Baths
    0
    ½ Baths
    0.51
    Acres
    Neighborhood:
    Vista (92083)
    County:
    San Diego
    Area:
    Vista (92083)
    Property Description
    Superior unit mix of six-2 bed/2 bath and two- 3 bed/2 bath units. Seller has put more than $175k into upgrades. Almost all units have been renovated upon turnover. Newer roof and new garage doors. Private entry road was just repaved in March, 2021. Parking lot was resurfaced with new asphalt several years ago. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Eight single car garages are a permanent advantage and are highly sought after by tenants. Part of a 6 asset portfolio, all of which are available individually.
    Exterior Features

    Parking Spaces Total 16 Units With Garages 8

    Interior Features

    Sq Ft Of Improvement 8118 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 4.5 Actual Cash Flow 17631 Actual Gardener Expense 1500 Actual Gas And Electric 2880 Actual Gross Operating Income 157075 Actual Gross Scheduled Income 163620.0 Actual Maintenance Expense 24771 Actual Operating Expense 53805 Actual Prop Management 7854 Actual Taxes Expense 24771 Actual Total Expense 53805 Actual Total Pi Pay 85639 Actual Trash Expense 1600 Actual Vacancy And Credit Loss 6545 Actual Water Sewer Expense 6000 Assumable Finance 0 Buildings 2 Fiscal Year From 20 Fiscal Year To 20 Gross Equity 759000 Gross Multiplier 14.1 Have 8 Units To Sell. Leased Apartments 8 Mandatory Remarks None Known Market Area North County Monthly Rent Total 13325 Motive Want 1031 Exchange. Other Income Actual 3720 Other Income Amount 310 Other Income Source LauRubs Projected Annual Pi Expense 85639 Projected Cap Rate 5.0 Projected Cash Flow 28518 Projected Fl Ins Expense 2400 Projected Fl Ins Expense1 2400 Projected Gardener Expense 1500 Projected Gas And Electric 2880 Projected Gross Multiplier 13.1 Projected Gross Operating Inc 167962 Projected Gross Scheduled Inc 174960 Projected Maintenance Expense 6800 Projected Net Income 114157 Projected Operating Expense 53805 Projected Other Income 3720 Projected Property Mgmt Expense 7854 Projected Taxes Expense 24771 Projected Total Expense 53805 Projected Trash Expense 1600 Projected Vacancy And Credit Loss 6998 Projected Water And Sewer Expense 6000 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 3 Unit Number5 1 Unit Number6 1 Unit Rent Total1 1695 Unit Rent Total2 1670 Unit Rent Total3 1650 Unit Rent Total4 4785 Unit Rent Total5 1825 Unit Rent Total6 1700 Unit Rent1 1695 Unit Rent2 1670 Unit Rent3 1650 Unit Rent4 1595 Unit Rent5 1825 Unit Rent6 1700

    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