2985 87 54Th St, San Diego, CA 92105
List Price: $1.5M
Listing Status: Pending
Original List Price: $1.55M
0Days on Market: 18
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1951
Lot Size: 5,975 sq ft
Private Pool: Yes
MLS Number: 260008464SD
About This Property
Turnkey 4-Unit Investment Opportunity – Fully Remodeled! Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.25 & 6%+Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away.
Listing provided by: Mark Revetta DRE #01248164 619-462-6678 mark@889mark.com, OnQu Realty
Source: CRMLS, MLS #: 260008464SD
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.