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8650 Hurlbut St

San Diego, CA 92123
  • $2,395,000
  • STATUS: ACTIVE
  • ON SITE: 34 Days
  • ID#: 240002201
$2,395,000
  • 12
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,520
    SQFT
  • $530
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diego’s strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/147078028
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8650 Hurlbut St San Diego, CA 92123

  • Price: $2,395,000
  • Status: ACTIVE
  • On Site: 34 Days
  • ID#: 240002201
12
Beds
8
Baths
0
½ Baths
N/A
Acres
4,520
SQFT
$530
$/SQFT
1959
Built
Neighborhood:
Serra Mesa
County:
San Diego
Area:
San Diego (92123)
Property Description
**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diego’s strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).
Exterior Features

Exterior Stucco Fencing N/K Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 4

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 5.36 Age Restrictions N/K Annual Expense Actual 43632 Annual Expense Projected 43632 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SERRA MESA Complex Park n/a Cross Streets Sandrock Rd & Hurlbut St Gross Rent Multiplier Actual 13.5 Gross Rent Multiplier Project 12.81 Gross Scheduled Income Actual 177360 Gross Scheduled Income Project 186960 Mandatory Remarks None Known Market Area Metro Monthly Total Fees 0 Net Operating Income Projected 137719 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.75 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 8650 Unit Number For Unit2 8654 Unit Number For Unit3 8652 Unit Number4 8656 Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 3995.0 Unit1 Rent Actual 3795.0 Unit2 Deposit 1500 Unit2 Occupied Tenant Unit2 Projected Rent 3995.0 Unit2 Rent Actual 3795.0 Unit3 Deposit 1500 Unit3 Occupied Tenant Unit3 Projected Rent 3795 Unit3 Rent Actual 3595.0 Unit4 Deposit 1500 Unit4 Occupied Tenant Unit4 Projected Rent 3795 Unit4 Rent Actual 3595.0

San Diego MLS logo Listing provided courtesy of Angelo La Bruna of Apartment Realty Group (ARG): 858-247-1095. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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