Listing ID: 220022778
Price: $4,700,000
Status: PENDING
Address: 8453 Carlisle Dr
City: San Diego
State: California
Postal Code: 92114
Acres: 0.470
County: San Diego
San Diego
CA
92114
8453 Carlisle Dr is a 24-unit apartment community located in the Jamacha-Lomita submarket of San Diego. It is the perfect opportunity for value-add investors looking to break into this market. This property has a growing demand for rental units given its proximity to the 125 freeway, local restaurants, shopping markets, and a newly constructed shopping center. The two adjacent buildings have been very well maintained throughout the years while offering value-add investors a high upside given the opportunity to renovate outdated units. There is a large, empty storage structure in the back that can be converted into an additional unit for more income! This gated-access property consists of twenty-four 1Bd/1Ba units, a communal courtyard with artificial turf, two sets of washers and dryers, ample parking for tenants, and an on-site property manager.

Primary Features

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

Interior

Cooling: None
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 Baths (8): 1
Number of Baths (9): 1
Number of Baths (10): 1
Number of Bedrooms (1): 1
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): 1
Number of Bedrooms (8): 1
Number of Bedrooms (9): 1
Number of Bedrooms (10): 1
Number of Stories: 2

External

Construction: Stucco
Entry Only: No
Flood Zone: Hazard Unknown
Lot Dimensions Approximate: 20583
Lot Size: .25 through .50 Acres
Number of Buildings: 2
Number of Units: 24
Number of Units (1): 1
Number of Units (2): 2
Number of Units (3): 4
Number of Units (4): 1
Number of Units (5): 2
Number of Units (6): 3
Number of Units (7): 1
Number of Units (8): 1
Number of Units (9): 1
Number of Units (10): 5
Number of Units w/Ranges: 24
Number of Units w/Refrigerator: 24
Parking: Spaces
Parking Spaces Total: 14
Projected Gas & Electric: $4,725
Roof: Composition

Location

Country: United States
Market Area: Metro Central
Zip/Area: ENCANTO (92114)

Additional

Class: COMMERCIAL-RES INCOME
Have: Property
Mandatory Remarks: None Known

Financial

Actual Cash Flow: $99,715
Actual Gas & Electric Expense: $4,725
Actual Gross Operating Income: $218,180
Actual Gross Scheduled Income: 224928
Actual Insurance F&L Expense: $4,347
Actual Operating Expense: 121103
Actual Pest Control Expense: $13,844
Actual Property Management Expense: $16,728
Actual Taxes Expense: $54,050
Actual Total Expense: $121,103
Actual Trash Expense: $7,356
Actual Vacancy & Credit Loss: $6,748
Actual Water/Sewer Expense: $19,468
Gross Multiplier: 20
Monthly Rent Total: 18744
Number of Leased Apartments: 12
Price/Unit: 195833
Projected F&L Insurange Expense: $4,347
Projected Gross Operating Income: $310,897
Projected Gross Scheduled Income: $432,000
Projected Maintenance Expense: $13,844
Projected Operating Expense: 121,103
Projected Other Income: $432,000
Projected Prop Management Expense: $16,728
Projected Taxes Expense: $54,050
Projected Total Expense: $121,103
Projected Trash Expense: $7,356
Projected Water/Sewer Expense: $19,468
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no
Unit Rent (1): 116
Unit Rent (2): 579
Unit Rent (3): 636
Unit Rent (4): 640
Unit Rent (5): 665
Unit Rent (6): 694
Unit Rent (7): 850
Unit Rent (8): 860
Unit Rent (9): 864
Unit Rent (10): 900
Unit Rent Total (1): 116
Unit Rent Total (2): 579
Unit Rent Total (3): 636
Unit Rent Total (4): 640
Unit Rent Total (5): 665
Unit Rent Total (6): 694
Unit Rent Total (7): 850
Unit Rent Total (8): 860
Unit Rent Total (9): 864
Unit Rent Total (10): 900

Zoning Info


Area Info


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Listing courtesy of JLM Real Estate Inc.

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