Listing ID: 220012772
Price: $8,760,000
Address: 525-575 28th Street
City: San Diego
State: California
Postal Code: 92102
Acres: 0.840
County: San Diego
San Diego
Financing may be assumed. Loan amount approximately $5,100,000 at 2.83%, fully amortizing and fixed until 2/2026. The property can also be delivered free & clear. Do not disturb tenants or go to property without prior approval. Reach out to listing agent for offering memorandum, financials, and further information.

Primary Features

County: San Diego
Price Before Reduction: 8910000
Price Reduction Date: 2022-09-02T17:44:36+00:00
Property Type: Commercial-Residential Income


Number of Baths (1): 2
Number of Baths (2): 1
Number of Baths (3): 1
Number of Baths (4): 1
Number of Bedrooms (1): 2
Number of Bedrooms (2): 2
Number of Bedrooms (3): 1
Number of Stories: 3
SqFt of Improvement: 18685


Construction: Other/Remarks
Entry Only: No
Number of Buildings: 4
Number of Units: 27
Number of Units (1): 14
Number of Units (2): 6
Number of Units (3): 4
Number of Units (4): 3


Country: United States
Market Area: Metro Central
Zip/Area: SAN DIEGO (92102)


Age: 1987
Amenities: Other/Remarks
Have: Unit
Mandatory Remarks: None Known


Actual Gross Scheduled Income: 596493
Actual Operating Expense: 231603
Cap Rate Actual: 4.17
Cap Rate Projected: 5.1
Gross Equity: 1
Gross Multiplier: 14.69
Price/Unit: 324444
Sale/Rent: For Sale
Sales Restrictions: N/K

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 © 2023 San Diego MLS. Data updated on Wednesday, March 22nd, 2023 12:32:38 PM.
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Listing courtesy of NorthMarq Multifamily

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