Listing ID: 220006344
Price: $7,800,000
Status: ACTIVE
Address: 2101 Dale Street
City: San Diego
State: California
Postal Code: 92104
SqFt: 10,032
County: San Diego
San Diego
CA
92104
Pride of ownership on full display in this income opportunity beside San Diego's most famed green space, South Park - one of the city's trendiest neighborhoods. South Park is minutes from downtown San Diego and is known for its eclectic mix of boutiques, dining establishments, coffee shops, and retail spaces. The LOCATION of this 13-unit complex is UNPARALLELED and has a walkability score of 83! The complex mix consists of 6 2bd/1.5bth & 7 1bd/1bth units with larger than most sq. footages. There are 2 garages and 10 assigned parking spaces. There have been many upgrades over the years: interior paint, bath upgrades, kitchen upgrades and flooring. The pictures are of the newest fully remodeled unit - kitchen & cabinetry, appliances, bath, vanity, flooring & paint. Add a full building exterior paint job to the list of upgrades. There is on-site laundry for tenant use. The rents are low in most units and have a large upside potential in rents.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income

Interior

Number of Baths (1): 1.5
Number of Baths (2): 1
Number of Baths (3): 1
Number of Baths (4): 1
Number of Baths (5): 1
Number of Baths (6): 1.5
Number of Baths (7): 1.5
Number of Baths (8): 1.5
Number of Baths (9): 1
Number of Baths (10): 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): 2
Number of Bedrooms (7): 2
Number of Bedrooms (8): 2
Number of Bedrooms (9): 1
Number of Bedrooms (10): 1
Number of Stories: 2
SqFt of Improvement: 6000
Unit Furnished (1): N
Unit Furnished (2): N
Unit Furnished (3): N
Unit Furnished (4): N
Unit Furnished (5): N
Unit Furnished (6): N
Unit Furnished (7): N
Unit Furnished (8): N
Unit Furnished (9): N
Unit Furnished (10): N

External

Entry Only: No
Lot Dimensions Approximate: 99x96
Lot Size: .25 Acres or less
Number of Buildings: 1
Number of Units: 13
Number of Units (1): 1
Number of Units (2): 2
Number of Units (3): 3
Number of Units (4): 4
Number of Units (5): 5
Number of Units (6): 6
Number of Units (7): 7
Number of Units (8): 8
Number of Units (9): 9
Number of Units (10): 10
Number of Units w/Disposals: 13
Number of Units w/Drapes: 13
Number of Units w/Garage: 2
Number of Units w/Ranges: 13
Number of Units w/Refrigerator: 13
Number Units w/Dishwashers: 6
Parking Spaces Total: 10

Location

Country: United States
Market Area: Metro Uptown
Zip/Area: NORTH PARK (92104)

Additional

Age: 58
Class: COMMERCIAL-RES INCOME
Have: 13 units
Mandatory Remarks: None Known

Financial

Actual Gardener Expense: 2385
Actual Gas & Electric Expense: 4448
Actual Gross Operating Income: 238988.65
Actual Gross Scheduled Income: 238989
Actual Manager Expense: 14226
Actual Operating Expense: 72561.13
Actual Pest Control Expense: 317
Actual Property Management Expense: 6%
Actual Taxes Expense: 10550
Actual Trash Expense: 1397
Actual Water/Sewer Expense: 6123
Cap Rate Actual: 2.73
Cap Rate Projected: 4.13
Fiscal Year From: J
Fiscal Year To: D
Gross Equity: 7200000
Gross Multiplier: 28.72
Monthly Rent Total: 22634
Number of Leased Apartments: 4
Other Income Amount: 1800
Other Income Source: Laundry
Price/Unit: 600000
Projected Gross Multiplier: 19.85
Projected Gross Operating Income: 367500
Projected Gross Scheduled Income: 367500
Projected Net Income: 290274.20
Projected Operating Expense: 14406
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no
Tenant Pays Electric: Y
Tenant Pays Gas: Y
Tenant Pays Water: N
Unit Rent (1): 1745
Unit Rent (2): 1581
Unit Rent (3): 1418
Unit Rent (4): 1425
Unit Rent (5): 1631
Unit Rent (6): 1895
Unit Rent (7): 2195
Unit Rent (8): 1685
Unit Rent (9): 1512
Unit Rent (10): 2195
Unit Rent Total (1): 1745
Unit Rent Total (2): 1581
Unit Rent Total (3): 1418
Unit Rent Total (4): 1425
Unit Rent Total (5): 1631
Unit Rent Total (6): 1895
Unit Rent Total (7): 2195
Unit Rent Total (8): 1685
Unit Rent Total (9): 1512
Unit Rent Total (10): 2195

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 © 2022 San Diego MLS. Data updated on Thursday, June 30th, 2022 04:09:26 PM.
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Listing courtesy of Thomas Realtors

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