1411 Tyler Ave.

    San Diego, CA 92103
    • $4,200,000
    • STATUS: ACTIVE
    • ON SITE: 220 days
    • ID#: 180007565
    UPDATED: 67 min ago
    $4,200,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    LOCATION, LOCATION, LOCATION. University Heights on the border of Hillcrest, North of Washington St. Vermont St. bridge is just around the corner. Easy walk to the Hub shopping center with grocery stores, Starbucks, banks and restaurants. Walk 20 minutes to Balboa Park or Adams Avenue. U-shaped two-story building houses 12 apartments and laundry room. The unit mix consists of 8 one-bedrooms (two different floorplans), and 4 two-bedrooms. Charming, clean, and well-maintained units have large windows, some with hardwood floors, 50s style ceramic tile kitchens and baths, vintage cabinetry, great storage with lots of closets. Most units have security screen doors, some have patios and balconies. Great tenant stability with room for significant rental upside. Plenty of open space behind the building. Exterior improvements include roof, soffits & vents, gutters & downspouts, exterior paint. On-site laundry facilities. First time on the market since the property was built in 1952.

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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/80714685

    1411 Tyler Ave. San Diego, CA 92103

    • Price: $4,200,000
    • Status: ACTIVE
    • Updated: 67 min ago
    • ID#: 180007565
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    LOCATION, LOCATION, LOCATION. University Heights on the border of Hillcrest, North of Washington St. Vermont St. bridge is just around the corner. Easy walk to the Hub shopping center with grocery stores, Starbucks, banks and restaurants. Walk 20 minutes to Balboa Park or Adams Avenue. U-shaped two-story building houses 12 apartments and laundry room. The unit mix consists of 8 one-bedrooms (two different floorplans), and 4 two-bedrooms. Charming, clean, and well-maintained units have large windows, some with hardwood floors, 50s style ceramic tile kitchens and baths, vintage cabinetry, great storage with lots of closets. Most units have security screen doors, some have patios and balconies. Great tenant stability with room for significant rental upside. Plenty of open space behind the building. Exterior improvements include roof, soffits & vents, gutters & downspouts, exterior paint. On-site laundry facilities. First time on the market since the property was built in 1952.
    Exterior Features

    Carports 0 Construction BrickStucco Exterior Fully LandscapedPart FencedWood Fence Parking None Parking Spaces Total 0 Roof Composition Units With Garages 0

    Interior Features

    Baths Unit1 8 Baths Unit2 4 Bedrooms Unit1 8 Bedrooms Unit2 8 Cooling None Floor Coverings HardwoodVinylWall To Wall Carpet Floors WoodOther/Remarks Heating Wall Laundry Owned Sq Ft Of Improvement 8252 Stories 2 Story Unit Furnished1 0 Unit Furnished2 0 Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 12 Units With Ranges 12 Units With Refrigerators 12

    Property Features

    1st Loan Balance 0 Actual Cap Rate 3.6 Actual Gardener Expense 1500 Actual Gas And Electric 1200 Actual Gross Operating Income 204000 Actual Gross Scheduled Income 216000 Actual Maintenance Expense 12000 Actual Mgr Expense 0 Actual Operating Expense 48000 Actual Prop Management 0 Actual Taxes Expense 4530 Actual Trash Expense 2100 Actual Vacancy And Credit Loss 2500 Actual Water Sewer Expense 7500 Assumable Finance 0 Buildings 1 Complex Features None Financial Information Source Owner Gross Equity 100 Gross Multiplier 22.8 Have Sell Leased Apartments 12 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 18000 Motive Want Sell Other Income Actual 2000 Other Income Amount 200 Other Income Source Laundry Present Loan N/A Projected Cap Rate 5 Projected Fl Ins Expense 3804 Projected Gardener Expense 1500 Projected Gross Multiplier 22 Projected Gross Scheduled Inc 220000 Projected Maintenance Expense 15000 Projected Pest Expense 20000 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New LoanExchange DownExchange Up Unit Number1 8 Unit Number2 4 Unit Rent Total1 9900 Unit Rent Total2 6250 Unit Type Apartment Zoning R-3

    Listing provided courtesy of Re/Max Solutions. 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