Listing ID: 220009836
Price: $8,295,000
Status: ACTIVE
Address: 4747-4753 67th
City: San Diego
State: California
Postal Code: 92115
Acres: 1.250
County: San Diego
San Diego
CA
92115
PRICE REDUCED: Offered with Assumable Interest-Only Debt at 3.45%. The property is located at 4747-4753 & 4759-4769 67th Street with 2 separate parcels (468-330-33-00 & 468-330-21-00). We are pleased to present Rolando Place Apartments for sale in San Diego’s excellent residential neighborhood of Rolando Village near San Diego State University and La Mesa. Rolando Place Apartments is a low density property with 15 cottage style units situated on an oversized 1.25 acre lot. The units are a mix of large two, three and four-bedroom floor plans averaging over 1,100 square feet of living space. The majority of units have large, private yards, private garages and individual washer & dryers. The property was extensively renovated with all new unit interiors and significant upgrades to the building exteriors including new roofs, windows, asphalt, fencing, and refreshed landscaping. Rolando Place residents are walking distance to grocery stores, retail services and public transportation. The property is strategically located with easy access to Interstate 8, which connects to all other major San Diego freeways.

Primary Features

County: San Diego
Price Before Reduction: 8495000
Price Reduction Date: 2022-06-14T18:24:28+00:00
Property Type: Commercial-Residential Income

Interior

Number of Baths (1): 1
Number of Baths (2): 1.5
Number of Baths (3): 2
Number of Bedrooms (1): 2
Number of Bedrooms (2): 3
Number of Bedrooms (3): 4
Number of Stories: 1
SqFt of Improvement: 16622
Unit Type: Apartment, Duplex, Fourplex, Free Standing

External

Construction: Stucco
Entry Only: No
Exterior: Fully Landscaped, Part Fenced
Lot Size: .75 through 1.5 Acres
Number of Buildings: 9
Number of Units: 15
Number of Units (1): 1
Number of Units (2): 13
Number of Units (3): 1
Number of Units w/Garage: 13
Parking: Garages, Spaces
Parking Spaces Total: 39

Location

Country: United States
Market Area: Metro Uptown
Zip/Area: SAN DIEGO (92115)

Additional

Age: 1976
Class: COMMERCIAL-RES INCOME
Have: 15 units
Mandatory Remarks: None Known

Financial

Actual Gross Scheduled Income: 491520
Actual Operating Expense: 173997
Cap Rate Actual: 4
Cap Rate Projected: 4.6
Financial Info Source: Owner
Gross Equity: 4240000
Gross Multiplier: 16.3
Price/Unit: 553000
Projected Gross Multiplier: 14.6
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no
Unit Rent (1): 2285
Unit Rent (2): 2668
Unit Rent (3): 3995
Unit Rent Total (1): 2285
Unit Rent Total (2): 34680
Unit Rent Total (3): 3995

Zoning Info


Area Info


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Listing courtesy of Eric D. Comer, Broker

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