Listing ID: 210027260
Price: $5,300,000
Status: Pending
Address: 3845 50th Street
City: San Diego
State: California
Postal Code: 92105
County: San Diego
San Diego
CA
92105
The 50th Street Villas is a 22 unit apartment community located in the City Heights submarket of San Diego. Situated over three separate buildings on a 24,829 square foot parcel the property consists of twenty two 3 Bed/2 Bath units. The subject property has twenty eight on site parking spots, four garages, and an on site laundry facility with owned machines. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located approximately 7 miles from Downtown San Diego and is close proximity to the 15 and 8 freeways providing residents easy access to employments centers, shopping, dining, and entertainment. Additionally, the property is approximately 3.5 miles from San Diego State University. The 50th Street Villas is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.

Primary Features

County: San Diego
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale

Interior

External

Number Of Buildings: 3

Location

Country: US
MLS Area Major: 92105 - East San Diego

Additional

Days On Market: 22
List Agent State License: 01411216
Number Of Units Total: 22
Parcel Number: 4716222400

Financial

Cap Rate: 4.35
Gross Scheduled Income: 415500
Insurance Expense: 6600
Maintenance Expense: 22000
Net Operating Income: 230410
Operating Expense: 179825
Other Expense: 3000
Total Expenses: 179825
Trash Expense: 12000
Water Sewer Expense: 34000

Zoning Info


Area Info


© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Tuesday, October 19th, 2021.

Based on information from CARETS as of Tuesday, October 19th, 2021 05:59:29 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
#idx-details-header
Listing courtesy of Dylan Wright, DRE #01411216 from Acre Investment Real Estate
#IDX-primaryPhoto, #idx-details-header
Listing courtesy of Dylan Wright, DRE #01411216 from Acre Investment Real Estate

Request More Information - Listing ID 210027260

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Data services provided by IDX Broker
{"page":"listing","idxID":"d025","listingID":"210027260","extra":"3845-50th-Street-San-Diego-CA-92105","type":"moreinfo"}
https://www.century21award.com
details.php
https://search.century21award.com
details
http://century21award.idxbroker.com/idx/results/listings?pt=sfr