List Price: $1.57M

Listing Status: Active

Days on Market: 56

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1987

MLS Number: 260017740SD

About This Property

4 units with two newly constructed 2BR/1BA units, an extensively remodeled 2BR/1BA home, and a remodeled 1BR loft. Two units are currently vacant, providing immediate flexibility for an owner-user, market-rate lease-up, or investor seeking control of the rental schedule. The two new construction units are approximately 750 SF each and currently rent for $2,900/month and share a laundry room. The detached home is approximately 1,150 SF with in-unit laundry and projected rent of $3,200/month, while the approximately 350 SF loft is projected at $1,872/month. $125,400 reported gross scheduled income, 12.56 GRM and approximately 5.57% cap rate at the current asking price. The property offers a compelling combination of newer construction, extensively renovated existing improvements, strong income, vacant-unit flexibility and limited anticipated near-term capital needs. Additional features include rooftop decks, porches, views, high-end finishes and a convenient location near Downtown San Diego. A strong opportunity for investors or owner-users seeking renovated 4-unit product with significantly less deferred maintenance than much of the surrounding inventory. Offering Memorandum available in the MLS documents. Virtual tours available for the detached home and loft.

Listing provided by: Christina Labowicz DRE #02055851 619-299-3000 christina@aciapartments.com, ACI Apartments

Source: CRMLS, MLS #: 260017740SD

Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.