1646 Monroe

    San Diego, CA 92116
    • $789,000
    • STATUS: ACTIVE
    • ON SITE: 113 days
    • ID#: 180029282
    UPDATED: 34 min ago
    $789,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    Description

    Great investment property that combines an excellent rental location, fantastic upsides in rents, and recently upgraded plumbing, see supplemental. Front home is two cottages split into duplex prior to current ownership and a detached studio sits behind the duplex. All units have their own addresses, meters and private yards. Perfect location for an owner occupied investment located just off Park Blvd in University Heights, very close to Trolley Barn Park to enjoy summer concerts in the park! Seller recently invested $20K in replacing all cast iron plumbing in main home with ABS and created crawl space near washer/dryer to access plumbing more easily. Also, bathroom flooring replaced in 4502. Water heaters for all units replaced 3 years ago. Private use yards for tenants and their pets to enjoy. Coin operated washer/dryer on-site for convenience. In the heart of University Heights just a block off all the dining and entertainment on Park Boulevard. Balboa Park, Hillcrest, Normal Heights, North Park and freeway access all within a couple miles!

    Monthly Payment Calculator

    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/84152398

    1646 Monroe San Diego, CA 92116

    • Price: $789,000
    • Status: ACTIVE
    • Updated: 34 min ago
    • ID#: 180029282
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1916
    Built
    Neighborhood:
    University Heights
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    School District:
    San Diego Unified
    Property Description
    Great investment property that combines an excellent rental location, fantastic upsides in rents, and recently upgraded plumbing, see supplemental. Front home is two cottages split into duplex prior to current ownership and a detached studio sits behind the duplex. All units have their own addresses, meters and private yards. Perfect location for an owner occupied investment located just off Park Blvd in University Heights, very close to Trolley Barn Park to enjoy summer concerts in the park! Seller recently invested $20K in replacing all cast iron plumbing in main home with ABS and created crawl space near washer/dryer to access plumbing more easily. Also, bathroom flooring replaced in 4502. Water heaters for all units replaced 3 years ago. Private use yards for tenants and their pets to enjoy. Coin operated washer/dryer on-site for convenience. In the heart of University Heights just a block off all the dining and entertainment on Park Boulevard. Balboa Park, Hillcrest, Normal Heights, North Park and freeway access all within a couple miles!
    Exterior Features

    Exterior Stucco Fencing Full Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Roof Rolled/Hot Mop Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 1

    Interior Features

    Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 0 Cooling N/K Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Estimated Sq Ft 500 Unit1 Laundry Hook Ups Common Unit2 Estimated Sq Ft 700 Unit2 Laundry Hook Ups Common Unit3 Estimated Sq Ft 300 Unit3 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 1

    Property Features

    Actual Cap Rate 2.58 Age Restrictions N/K Annual Expense Actual 10591 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0 Community University Heights Complex Park University Heights Cross Streets North Ave Gross Rent Multiplier Actual 26.45 Gross Rent Multiplier Project 17.63 Gross Scheduled Income Actual 33600 Gross Scheduled Income Project 50400 Home Owners Fees 0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 39809 Other Fees 0 Other Income Actual 600 Pets Yes Projected Cap Rate 4.47 Projected Other Income 600 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1646 Unit Number For Unit2 4502 Unit Number For Unit3 4504 Unit1 Deposit 800 Unit1 Occupied Tenant Unit1 Projected Rent 1400 Unit1 Rent Actual 1000 Unit2 Deposit 950 Unit2 Occupied Tenant Unit2 Projected Rent 1600 Unit2 Rent Actual 950 Unit3 Deposit 500 Unit3 Occupied Tenant Unit3 Projected Rent 1200 Unit3 Rent Actual 850 Water District City Of San Diego Zoning R-3

    Listing provided courtesy of Ascent Real Estate, Inc. 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