Listing ID: 220009464SD
Price: $6,700,000
Status: Active
Address: 3295 Imperial Avenue
City: San Diego
State: California
Postal Code: 92102
County: San Diego
San Diego
CA
92102
We are proud to present the Imperial Villas (the “Property”), an attractive, fully-rehabbed, turn-key rental community that presents real estate investors the opportunity to acquire a pride-of-ownership opportunity in San Diego’s central district of Logan Heights. The property is being offered free and clear of debt encumbrances. Imperial Villas consists of 20 apartment homes totaling 18,056 rentable square feet that are situated on a large 23,474 square foot lot, spread out into 2 separate residential buildings of two stories each. The Property’s well-designed floor plans include twelve (12) two-bedroom, one-bath units that are approximately 838 square feet each and eight (8) three-bedroom, two-bath units that are approximately 1,000 square feet each. The Property provides tenants with an array of amenities including -controlled access entry, modern laundry facilities, multiple open picnic areas, and secured covered off-street parking. Imperial Villas, were originally constructed in 1982 and are nestled in a beautiful, lushly landscaped garden setting. The property has undergone a major exterior and interior rehab, which was completed in 2013. Interior renovations include, but are not limited to: carpet and vinyl flooring, window coverings, doors, complete kitchen and bathroom upgrades including granite countertops, toilets, bathtubs with custom tile work, all new appliances, new custom cabinets, ceiling fans, lighting, paint, and baseboards.

Primary Features

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

Interior

External

Number Of Buildings: 2
Parking Total: 32

Location

Country: US
MLS Area Major: 92102 - San Diego

Additional

Days On Market: 1
List Agent State License: 01441142
Number Of Units Total: 20
Parcel Number: 5454010100

Financial

Cap Rate: 4
Gross Scheduled Income: 445320
Net Operating Income: 267752
Operating Expense: 172525

Zoning Info


Area Info


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Listing Agent: Bill Anderson, DRE #01441142 from Acre Investment Real Estate
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Listing Agent: Bill Anderson, DRE #01441142 from Acre Investment Real Estate
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Listing Agent: Bill Anderson, DRE #01441142 from Acre Investment Real Estate

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