Listing ID: 210023165
Price: $6,000,000
Status: ACTIVE
Address: 4514 Bancroft St
City: San Diego
State: California
Postal Code: 92116
SqFt: 11,738
Acres: 0.270
County: San Diego
San Diego
Rare opportunity to acquire a fully leased, 18-unit property on a very large lot in coveted Normal Heights one of San Diego’s best rental markets. This property is an outstanding investment opportunity. Additionally, this is an extremely large lot for neighborhood, which makes this rare find for a developer. Plenty of parking. Current rents below market. One unit is discounted for the onsite manager. Immediate potential for increased GSI. Do not disturb the occupants. Shown with accepted offer.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income
Zoning: RM-1-2


Number of Baths (1): 1
Number of Baths (2): 1
Number of Baths (3): 1
Number of Baths (4): 1
Number of Baths (5): 1
Number of Baths (6): 1
Number of Baths (7): 1
Number of Bedrooms (1): 2
Number of Bedrooms (2): 1
Number of Bedrooms (3): 1
Number of Bedrooms (4): 1
Number of Bedrooms (5): 1
Number of Bedrooms (6): 1
Number of Bedrooms (7): 2
Number of Stories: 2
SqFt of Improvement: 7000


Entry Only: No
Number of Buildings: 1
Number of Units: 18
Number of Units (1): 1
Number of Units (2): 3
Number of Units (3): 1
Number of Units (4): 9
Number of Units (5): 1
Number of Units (6): 2
Number of Units (7): 1
Number of Units w/Disposals: 18
Number of Units w/Drapes: 18
Number of Units w/Ranges: 18
Number of Units w/Refrigerator: 18


Country: United States
Market Area: Metro Uptown
Zip/Area: NORMAL HEIGHTS (92116)


Have: 18 Units
Mandatory Remarks: None Known


Actual Gross Scheduled Income: 257040
Actual Insurance F&L Expense: 4417
Actual Operating Expense: 77112
Actual Taxes Expense: 16676
Cap Rate Actual: 3
Cap Rate Projected: 4.01
Gross Equity: 6000000
Gross Multiplier: 17.01
Number of Leased Apartments: 18
Price/Unit: 333333
Projected Gross Scheduled Income: 352800
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no
Unit Rent (1): 850
Unit Rent (2): 1125
Unit Rent (3): 1195
Unit Rent (4): 1200
Unit Rent (5): 1250
Unit Rent (6): 1300
Unit Rent (7): 1350
Unit Rent Total (1): 850
Unit Rent Total (2): 3375
Unit Rent Total (3): 1195
Unit Rent Total (4): 10800
Unit Rent Total (5): 1250
Unit Rent Total (6): 2600
Unit Rent Total (7): 1350

Zoning Info

Area Info

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, noncommercial 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. Data updated on Tuesday, October 19th, 2021 03:11:08 PM.
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Listing courtesy of Andy Hsu & Associates

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