RE-PRICED TO SELL! Turnkey Hillcrest multifamily investment offering four extensively renovated 1BR/1BA residences in a highly desirable central San Diego location. Fully leased with approximately $143,880 in annual gross scheduled income and approximately $111,690 stabilized NOI. New asking price represents an approximate 4.87% stabilized cap rate. The property has undergone… Read More extensive improvements including updated kitchens and bathrooms, flooring, dual-pane windows, electrical and plumbing upgrades, mini-split heating and air conditioning, in-unit laundry, fire sprinkler improvements, secured entry and landscaped common areas. Select residences include private outdoor space and parking. Located near Balboa Park, UC San Diego Health Hillcrest, Scripps Mercy Hospital, Mission Hills, Downtown San Diego, dining, shopping, transit and major transportation corridors. A compelling opportunity to acquire a fully leased, renovated four-unit property with established in-place income and limited near-term capital improvement requirements. Read Less
Courtesy of The Schwarz Group, 858-779-1303, Jean Paul Schwarz.
Listing Snapshot
Days Online
80
Last Updated
Property Type
Res Income 2-4 Units
Beds
4
Full Baths
4
Square Ft.
2,264
Year Built
2010
MLS Number
260020675
Additional Details
Building
Built in 2010, Living area units: Sqft, 1 building, 2 stories, Levels: 2 Story, Construction Materials: Wood
Cooling
Zoned Area(s)
Expenses
Operating: $32,190
Fence
Full, Gate
Heating
Combination Heating
Home Owner's Association
Fee Includes: Trash Pickup
Income
Gross ScheduledIncome: $143,880
Roof
Composition, Rolled/Hot Mop
Security Features
Gated Community, Other/Remarks
Taxes
Parcel Number: 452-285-13-00, Zoning: RM-3-9
Tenant Pays
Electricity
Utilities
Sewer Connected, Water Source: Meter on Property
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Source: San Diego MLS
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