Listing ID: 230004886
Price: $6,200,000
Status: ACTIVE
Address: 4218 49Th St
City: San Diego
State: California
Postal Code: 92115
SqFt: 11,571
Acres: 0.270
County: San Diego
San Diego
CA
92115
Welcome to this stunning 16 unit apartment complex, located in the highly desirable college area of San Diego.The location of this complex is unbeatable, with close proximity to top-rated universities, shopping, and dining options. Tenants will enjoy easy access to major freeways. This property has been fully renovated with PERMITS. Roof, Electrical, Plumbing, EVERYTHING. Each unit was taken down to the studs and rebuilt. Meaning all of your CapEx has been taken care of for the foreseeable future. TWO separate buildings. Featuring (8) 2/1's + Dens and (8) 1/1's + Dens, each unit is equipped with interior Washer/Dryers, 16 assigned parking spaces. Gated entry keeping the commons secured. This is truly a trophy asset to add to your portfolio. Boasting modern and sophisticated design that is sure to impress tenants. Each unit features high-end finishes, including new flooring, fresh paint, stainless steel appliances, and quartz countertops.
Primary Features
County:
San Diego
Property Type:
Commercial-Residential Income
Zoning:
R-3:RESTRI
Interior
Cooling:
Wall/Window
Floor Covering:
Vinyl
Number of Baths (1):
1
Number of Baths (2):
1
Number of Bedrooms (1):
2
Number of Bedrooms (2):
1
Number of Stories:
2
SqFt of Improvement:
10982
External
Construction:
Stucco
Entry Only:
No
Exterior:
Security Bars
Number of Buildings:
2
Number of Units:
16
Number of Units (1):
8
Number of Units (2):
8
Number of Units w/Disposals:
16
Number of Units w/Ranges:
16
Number of Units w/Refrigerator:
16
Number Units w/Dishwashers:
16
Parking:
Spaces
Parking Spaces Total:
16
Roof:
Composition
Location
Country:
United States
Market Area:
Metro Uptown
Zip/Area:
SAN DIEGO (92115)
Additional
Age:
1956
Class:
COMMERCIAL-RES INCOME
Have:
appliances
Mandatory Remarks:
None Known
Financial
Actual Gross Scheduled Income:
433200
Actual Operating Expense:
138591.00
Financial Info Source:
Owner
Gross Equity:
70
Gross Multiplier:
14
Number of Leased Apartments:
16
Price/Unit:
387500
Sale/Rent:
For Sale
Sales Restrictions:
Other/Remarks
Unit Rent (1):
2300
Unit Rent (2):
2200
Unit Rent Total (1):
18400
Unit Rent Total (2):
17600
Zoning Info
Area Info
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