Listing ID: PTP2301058
Price: $6,200,000
Price/SqFt: $564.56
Status: Active
Address: 4218 49Th Street
City: San Diego
State: California
Postal Code: 92115
SqFt: 10,982
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
Price Before Reduction:
6400000
Price Reduction Date:
2023-03-07T05:04:33+00:00
Price/SqFt:
564.56
Property Sub Type:
Multi Family
Property Type:
Commercial Sale
Year Built:
1956
Zoning:
R-3:RESTRICTED MULTIPLE
Interior
Cooling:
no
Heating:
yes
Heating Type:
Wall Furnace
Laundry Features:
Inside
External
Fence:
no
Lot Size Source:
Assessor
Number Of Buildings:
2
Parking Total:
16
Uncovered Spaces:
16
Water Source:
Public
Location
MLS Area Major:
92115 - San Diego
Additional
Co List Agent State License:
01401759
Co List Office State License:
02054166
Days On Market:
16
List Agent State License:
02026461
List Office State License:
02054166
Number Of Units Total:
16
Parcel Number:
4713311400
Year Built Source:
Assessor
Financial
Cap Rate:
4.5
Gross Scheduled Income:
433200
Insurance Expense:
4942
Investment Property:
yes
Net Operating Income:
277281
Operating Expense:
138591
Real Estate Tax Expense:
75094
Special Listing Conditions:
Standard
Total Expenses:
138591
Trash Expense:
2732
Zoning Info
Area Info
© 2023. 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. Any correspondence from IDX pages are routed to Century 21 Award or one of their associates. Last updated Saturday, March 25th, 2023.
Based on information from CARETS as of Saturday, March 25th, 2023 03:18:47 AM. 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.
Based on information from CARETS as of Saturday, March 25th, 2023 03:18:47 AM. 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.
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