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Address Not Available By Request

San Diego, CA 92103
  • $3,999,000
  • STATUS: ACTIVE
  • ON SITE: 104 Days
  • ID#: 220021712
UPDATED: 4 min ago
$3,999,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is one of the most amazing properties in San Diego. Built in 1924 it was complete restored to its original elegance in 2000 and has been maintained since as a pride of ownership investment. Unique to this gorgeous property is the privacy and unusually large and spacious floorplans. Each of the four two bedroom 1397 square foot units share half of either the first or second floor. Each units has a private entrance into the unit which runs from front to the rear of the building. Each of large 474 square foot studios are on top of four garages and are entered from a private staircase. The amenities include beautiful hardwood floors, floor to ceiling windows, ceiling fans throughout, beautifully tiled full kitchens with stainless steel appliances and fully tiled baths. The master and second bedrooms are spacious with large walk-in closets. An eye towards design was embraced during the remodel and has been maintained since. The two bedroom units are larger than most three bedroom units and studios are nearly the size of most one bedroom. All units are bright with lots of light and ventilation. There is a common patio area between the front and back building with two cement picnic tables. This is very peaceful place for residents to relax. An immediate opportunity is to to create an ADU with two more spacious studio units. Rents are still well below market as a recent survey found normal 2 bedroom units in the neighborhood renting at $2.50-$3.00 per foot. This classic extraordinary property can command top dollar.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/132334757
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Address Not Available By Request San Diego, CA 92103

  • Price: $3,999,000
  • Status: ACTIVE
  • On Site: 104 Days
  • Updated: 4 min ago
  • ID#: 220021712
2
Beds
2
Baths
1
½ Baths
N/A
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
This is one of the most amazing properties in San Diego. Built in 1924 it was complete restored to its original elegance in 2000 and has been maintained since as a pride of ownership investment. Unique to this gorgeous property is the privacy and unusually large and spacious floorplans. Each of the four two bedroom 1397 square foot units share half of either the first or second floor. Each units has a private entrance into the unit which runs from front to the rear of the building. Each of large 474 square foot studios are on top of four garages and are entered from a private staircase. The amenities include beautiful hardwood floors, floor to ceiling windows, ceiling fans throughout, beautifully tiled full kitchens with stainless steel appliances and fully tiled baths. The master and second bedrooms are spacious with large walk-in closets. An eye towards design was embraced during the remodel and has been maintained since. The two bedroom units are larger than most three bedroom units and studios are nearly the size of most one bedroom. All units are bright with lots of light and ventilation. There is a common patio area between the front and back building with two cement picnic tables. This is very peaceful place for residents to relax. An immediate opportunity is to to create an ADU with two more spacious studio units. Rents are still well below market as a recent survey found normal 2 bedroom units in the neighborhood renting at $2.50-$3.00 per foot. This classic extraordinary property can command top dollar.
Exterior Features

Units With Garages 4

Interior Features

Sq Ft Of Improvement 6784

Property Features

Actual Gross Scheduled Income 183600.0 Actual Operating Expense 90000 Assumable Finance 0 Gross Equity 2999999 Gross Multiplier 21.7 Have Incredible iconic Legacy Leased Apartments 6 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 15300 Motive Want Will Consider Different ideas Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 4 Unit Number2 2 Unit Rent Total1 12200 Unit Rent Total2 3100 Unit Rent1 3050 Unit Rent2 1650

San Diego MLS logo Listing provided courtesy of Apartment Consultants, Inc.: [IDXCONTACTINFORMATION]. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101