1534 Oliver Avenue

    San Diego, CA 92109
    • $3,750,000
    • STATUS: ACTIVE
    • ON SITE: 31 days
    • ID#: 180046616
    Price Reduced
    UPDATED: 34 min ago
    $3,750,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    This is a fantastic opportunity to own a well maintained property in Pacific Beach. This property is located just a few blocks from Sail Bay, Mission Bay and Crown Point. The offering consists of two separate parcels: Parcel #1 consists of one (1) 3 Bedroom / 1 Bathroom House (fully remodeled) with a detached double-car garage (zoning allows for one more unit). Parcel #2 (next door to the east) consists of one (1) 2 Bedroom / 1 Bathroom Detached House and five (5) 2 Bedroom / 1 Bathroom Units with an onsite laundry room, parking and two (2) double-car garages. This asset is perfect for a hands-on investor looking to take advantage of the upside in rental income and irreplaceable location this property offers. Because there are tow separate parcels there is upside with the ability to turnaround and sell-off either the single-family parcel and/or the single-family and six (6) unit parcels (contact us for a full list of upgrades). Contact agent for Offering Memorandum

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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/86735271

    1534 Oliver Avenue San Diego, CA 92109

    • Price: $3,750,000
    • Status: ACTIVE
    • Updated: 34 min ago
    • ID#: 180046616
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    This is a fantastic opportunity to own a well maintained property in Pacific Beach. This property is located just a few blocks from Sail Bay, Mission Bay and Crown Point. The offering consists of two separate parcels: Parcel #1 consists of one (1) 3 Bedroom / 1 Bathroom House (fully remodeled) with a detached double-car garage (zoning allows for one more unit). Parcel #2 (next door to the east) consists of one (1) 2 Bedroom / 1 Bathroom Detached House and five (5) 2 Bedroom / 1 Bathroom Units with an onsite laundry room, parking and two (2) double-car garages. This asset is perfect for a hands-on investor looking to take advantage of the upside in rental income and irreplaceable location this property offers. Because there are tow separate parcels there is upside with the ability to turnaround and sell-off either the single-family parcel and/or the single-family and six (6) unit parcels (contact us for a full list of upgrades). Contact agent for Offering Memorandum
    Interior Features

    Baths Unit1 1 Baths Unit2 1 Baths Unit3 1 Bedrooms Unit1 3 Bedrooms Unit2 2 Bedrooms Unit3 2 Sq Ft Of Improvement 5269

    Property Features

    Actual Gas And Electric 1140 Actual Gross Operating Income 165404 Actual Gross Scheduled Income 169800 Actual Maintenance Expense 1400 Actual Operating Expense 67968 Actual Pest Control Expense 1200 Actual Prop Management 6616 Actual Supplies Expense 1400 Actual Taxes Expense 46728 Actual Total Expense 67968 Actual Trash Expense 744 Actual Vacancy And Credit Loss 5116 Actual Water Sewer Expense 6240 Assumable Finance 0 Buildings 5 Gross Equity 3750000 Gross Multiplier 23 Have 7 Units Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 14150 Motive Want Cashout/1031 Other Income Actual 720 Other Income Amount 60 Other Income Source Laundry Projected Fl Ins Expense 2500 Projected Fl Ins Expense1 2500 Projected Gas And Electric 1140 Projected Gross Operating Inc 216620 Projected Gross Scheduled Inc 213000 Projected Maintenance Expense 1400 Projected Net Income 146603 Projected Operating Expense 70017 Projected Other Income 10320 Projected Pest Expense 1200 Projected Property Mgmt Expense 8665 Projected Supplies Expense 1400 Projected Taxes Expense 46728 Projected Total Expense 70017 Projected Trash Expense 744 Projected Vacancy And Credit Loss 6700 Projected Water And Sewer Expense 6240 Short Sale No Unit Number1 1 Unit Number2 1 Unit Number3 5 Unit Rent Total1 3150 Unit Rent Total2 2000 Unit Rent Total3 9000 Unit Rent1 3150 Unit Rent2 2000 Unit Rent3 1800 Zoning Rm-1-1

    Listing provided courtesy of Apartment Realty Group (Arg). 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