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Key Details
Sold Price $2,775,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2308527
Sold Date 12/28/23
Bedrooms 8
HOA Y/N No
Lot Size 6,266 Sqft
Property Description
The property features 12 total beds, 11 baths and a unit mix of (3) twobedroom, two-bath units, (1) two-bedroom, one-bath unit, & (4) one bed, one bath units. Each unit averages $1,816 per month in rent and market rents average $2,644 per month, with a total of 45%+/- rental upside potential. Interior upgrades on approximately four units include new cabinets and granite counters, the hot water pipes were replumbed with copper in 2013, unit six features new flooring in the kitchen and bath and three new water heaters were replaced in 2022 and 2023. Top floor units have vaulted ceilings in living room and bedrooms. Most units have patios or balconies. There are 13 total parking spaces on site: three tandem car parking spots in the front of the building for a total of six parking spots in the front. In the rear of the building there are three one car garages and four parking spaces. Both gas and electric are separately metered. Multiple upgrades to the property have been made including newer cabinets and counters, hot water plumbing, new floors in some unit.
The property features 12 total beds, 11 baths and a unit mix of (3) twobedroom, two-bath units, (1) two-bedroom, one-bath unit, & (4) one bed, one bath units. Each unit averages $1,816 per month in rent and market rents average $2,644 per month, with a total of 45%+/- rental upside potential. Interior upgrades on approximately four units include new cabinets and granite counters, the hot water pipes were replumbed with copper in 2013, unit six features new flooring in the kitchen and bath and three new water heaters were replaced in 2022 and 2023. Top floor units have vaulted ceilings in living room and bedrooms. Most units have patios or balconies. There are 13 total parking spaces on site: three tandem car parking spots in the front of the building for a total of six parking spots in the front. In the rear of the building there are three one car garages and four parking spaces. Both gas and electric are separately metered. Multiple upgrades to the property have been made including newer cabinets and counters, hot water plumbing, new floors in some unit.
Location
State CA
County San Diego
Area North Park (92104)
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional
Space Rent $2,035
Listing Terms Cash, Conventional
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Bought with Dave Plutner • DP Properties