Photo of Arlene Sacks

Arlene Sacks

DRE# 00603821

858.922.3900



$2,549,000

  • COMMERCIAL-OFF/RTL/IND
  • ACTIVE
  • MLS# 180064251

Description

Variance Granted for Commerical: Ofc/Rtl/Ind. Duplicate 2-4 unit listing #180063329. Mixed use. Zoning CC-3-8 high density-1 unit per 600sf-100 foot height limit. Potential future land bank or continue as apt, office, medical, dental, etc. 3 of 4 units completely renovated. New kitchens, baths, upgraded flooring, fresh interior texture/paint, upgraded windows, newer roof/stucco, 3 new FAU and A/C units, upgraded electrical panel/outlets, etc.. 3 of 4 units completely furnished with high end finishes/furnishings negotiable Current short-term rental income ~$220,000 with 4 apartments projected. Actual income includes long term tenant of ~20 yrs with significant below market rent. Actual income includes base rent + profit sharing with "super host" Airbnb mgmt. 3 of 4 units currently short term rentals w/gross income=~$185,000. If 4th apt. added projected income at ~$220,000 as 4 short term rentals. Projected cap off the chart at 7-8% w/in house mgmt. As 4 long term rentals, projections at $127,500 with 5% cap.

Property Details

Property type:
Commercial-Off/Rtl/Ind
Age of Building:
62
Square Feet:
411
Number of Stories:
2

Location

County:
San Diego

Additional Details

Number of Units:
4
Number of Stories:
2
Total Monthly Rent:
$10,625
Existing Finance:
Conventional
Assessors Parcel #:
444-513-06-00
Cooling:
Central Forced Air Gas
Heating Equipment:
Central Forced Air Gas
Roof:
Composition
Parking:
On Site, Street, Other/Remarks

Unit Details

Unit 1
Rent:
$3,500
Unit 2
Rent:
$2,600
Unit 3
Rent:
$1,775
Unit 4
Rent:
$2,750

Features

Floor Coverings:
Wood
Construction Features:
Stucco

Listing provided by

Glenbrook Advisors
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Central San Diego

Central San Diego is a pocket of smaller-sized communities that lie along some of the canyons and mountains just east of the Pacific. Including Mission Valley and Old Town – also known as the birthplace of California – the central part of San Diego is the core of the city and a mix of old and new. The old Mission, host of shops, and museums contrast with the nearby Mission Bay Park... Read More

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Presented By
Arlene
Sacks

DRE# 00603821

858.922.3900

Email Me
Presented By
Arlene
Sacks

DRE# 00603821

858.922.3900

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.