1226 23rd Street

    San Diego, CA 92102
    • $1,600,000
    • STATUS: ACTIVE
    • ON SITE: 109 days
    • ID#: 180030239
    UPDATED: 20 min ago
    $1,600,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 1226 23rd Street, a five unit complex in the coveted “Slopes” of Golden Hill, overlooking Downtown San Diego. This complex features extra large units averaging 880 square feet each. The front fourplex includes four large 800 square foot 1-bedroom / 1-bath units with dens that also can (and have) operate as 2-bedrooms. The back structure is a large 1,188 square foot 2-bedroom / 1-bath cottage over an un-used storage area. Under the front building is an owned laundry room and large un-used area that could also be monetized with the addition of small storage units. Units have been meticulously maintained and feature refurbished hardwood flooring in two of the units, new cabinetry and granite counter tops, tile in the bathrooms, patios, electric fireplaces and large walk-in closets. Electricity and foundation bracing has been upgraded throughout. The basement in the front building also features a bike-rack for the tenants.

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    This 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 San Diego MLS. 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 San Diego MLS, Inc.
    www.triolorealty.com/homes/84299657

    1226 23rd Street San Diego, CA 92102

    • Price: $1,600,000
    • Status: ACTIVE
    • Updated: 20 min ago
    • ID#: 180030239
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    We are pleased to present 1226 23rd Street, a five unit complex in the coveted “Slopes” of Golden Hill, overlooking Downtown San Diego. This complex features extra large units averaging 880 square feet each. The front fourplex includes four large 800 square foot 1-bedroom / 1-bath units with dens that also can (and have) operate as 2-bedrooms. The back structure is a large 1,188 square foot 2-bedroom / 1-bath cottage over an un-used storage area. Under the front building is an owned laundry room and large un-used area that could also be monetized with the addition of small storage units. Units have been meticulously maintained and feature refurbished hardwood flooring in two of the units, new cabinetry and granite counter tops, tile in the bathrooms, patios, electric fireplaces and large walk-in closets. Electricity and foundation bracing has been upgraded throughout. The basement in the front building also features a bike-rack for the tenants.
    Exterior Features

    Carports 0 Construction FrameStucco Exterior Fully Landscaped Parking None Parking Spaces Total 0 Roof Composition Units With Garages 0

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Bedrooms Unit1 2 Bedrooms Unit2 1 Cooling Wall/Window Floor Coverings Hardwood Floors Wood Heating Wall Laundry Owned Sq Ft Of Improvement 4388 Stories 2 Story

    Property Features

    Actual Cap Rate 4.46 Actual Cash Flow 71426 Actual Gross Operating Income 106932 Actual Gross Scheduled Income 108600 Actual Operating Expense 35506 Actual Vacancy And Credit Loss 3258 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 14.73 Have 5 Unit Complex Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 9050 Motive Want Exchange Other Income Actual 1590 Other Income Amount 132 Other Income Source Laundry Sq Ft Source Buyer To VerifyTax Record Unit Number1 1 Unit Number2 4 Unit Rent Total1 1750 Unit Rent Total2 7300 Unit Rent1 1750 Unit Rent2 1825

    Listing provided courtesy of Marcus & Millichap. Listing information © 2018 San Diego MLS, Inc.
    This 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 San Diego MLS. 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 San Diego MLS, Inc.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130