4344 Van Dyke Ave., San Diego, CA 92115

Property Description

With a full $350,000 interior and exterior renovation just completed, the 8 units in the Kensington neighborhood of San Diego located at 4344 Van Dyke Avenue present an attractive opportunity for the most discerning investor. Property is 100% Occupied. *******The $1,550,000 loan must be assumed. The Loan is fixed for 5 years at 3.2%, 30-year term, 30-year AMTZ, then floats at 6 month LIBOR + 2.35% adjusting every 6 months. 1% Assumption fee. Prepayment schedule is 3% year 1 and 1% in years 2-5.****** Consisting of Three 2Bedroom/1Bath units and Five 1Bedroom/1Bath units 4344 Van Dyke Ave. offers a very desirable unit mix. The building has eight open parking spaces. Tenants enjoy a refurbished laundry room, their own storage unit, a new security fence , new bicycle rack, and a brand new BBQ for common use. All new kitchens, cabinets, stainless steel appliances, flooring, bathrooms, etc... see supplement Exterior improvements include: New poured concrete parking area, redesigned Spanish facade, new drought tolerant landscaping, new storage locker area, new bike rack and BBQ in the common area, new security fencing, new custom rustic Spanish entry door, Spanish tile walkways, new Spanish exterior lighting, and custom exterior paint. Interior unit improvements are extensive and include: New custom rustic Spanish entry doors, new interior lighting, new wall heaters, new contemporary wood laminate flooring, new baseboards, new two-toned designer paint, new window treatments, and new contemporary ceiling fans/lights in the dining area. The KITCHENS are all brand new with : New contemporary kitchen cabinets and pulls, new GE Stainless Steel appliance packages complete with gas/range ovens - microwaves - refrigerators- and dishwashers, new white quartz kitchen countertops with stainless steel undermount sinks, and new contemporary lighting fixtures. The BATHROOMS are all brand new with : New showers, tubs, glass sliding shower doors, shower fixtures, contempor...