Listing ID: 210003538
Price: $9,700,000
Status: PENDING
City: San Diego
State: California
Postal Code: 92103
County: San Diego
San Diego
CA
92103
New luxury 17 unit residential property. Completed August 2020. Fully leased. Offered unpriced. Contact listing agent for OM and additional information. Large spacious units with multiple balconies and terraces. High ceilings throughout. Mahogany exterior and interior doors. Designer kitchens and bathrooms. Vinyl plank wood flooring throughout. Washer and dryer in each unit. Forced air heating and cooling. Spacious and functional enclosed and gated parking. Upgraded construction materials such as TPO roof and copper flashing. Please drive by discreetly without disturbing the residents or management.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income

Interior

Cooling: Central Forced Air Elec, Central Forced Air Gas
Floor Covering: Other/Remarks
Floors: Wood
Heating: Central Forced Air Gas
Laundry: Owned
Number of Baths (1): 1.5
Number of Baths (2): 2
Number of Baths (3): 2.5
Number of Bedrooms (1): 1
Number of Bedrooms (2): 2
Number of Bedrooms (3): 2
SqFt of Improvement: 18581
SqFt Source: Plans
Stories: 4 Story
Unit Type: Apartment

External

Construction: Frame
Entry Only: No
Number of Units: 17
Number of Units (1): 7
Number of Units (2): 3
Number of Units (3): 7
Number of Units w/Garage: 27
Number of Units w/Ranges: 17
Number of Units w/Refrigerator: 17
Number Units w/Dishwashers: 17
Parking: Other/Remarks
Parking Spaces Total: 27
Roof: Other/Remarks

Location

Country: United States
Market Area: Metro Uptown
Zip/Area: MISSION HILLS (92103)

Additional

Amenities: Elevator
Class: COMMERCIAL-RES INCOME
Have: 17 new luxury residences
Mandatory Remarks: None Known

Financial

Actual Gross Scheduled Income: 591624
Actual Operating Expense: 170000
Cap Rate Actual: 4.17
Financial Info Source: Owner
Gross Multiplier: 16.4
Number of Leased Apartments: 17
Sale/Rent: For Sale
Sales Restrictions: N/K
Tenant Pays Electric: y
Tenant Pays Gas: y
Tenant Pays Water: y
Terms: Assumable 1st, Cash, Cash to Existing Loan, Cash to New Loan

Zoning Info


Area Info


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Listing courtesy of Ray Adams Investment RE Inc

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