1916-24 Broadway

    San Diego, CA 92102
    • $2,375,000
    • STATUS: ACTIVE
    • ON SITE: 169 days
    • ID#: 180028832
    UPDATED: 51 min ago
    $2,375,000
    • 17
      BEDS
    • 0.12
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Price reduction!! Huge cash flow!1916-24 Broadway is a newly renovated 7-unit apartment building (2-units are non-conforming) comprised of five very large 3 bedroom/one bath units and two 1 bedroom/1 bath units located just east of Downtown San Diego on the desirable west slope of Golden Hill. Attractive assumable financing at 4.17% fixed for approximately another 6 years! Renovations include engineered wood flooring, granite countertops, stainless steel appliances, maplewood cabinets, individual gas-fired tankless water heaters (unit 1916 B & C share one water heater), individual washer and dryer or hookups on all 4 upstairs units. A washer and dryer is shared by the downstairs units. Please call agent for a complete offering memorandum.

    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. Licensed in the state of California.
    www.triolorealty.com/homes/84081374

    1916-24 Broadway San Diego, CA 92102

    • Price: $2,375,000
    • Status: ACTIVE
    • Updated: 51 min ago
    • ID#: 180028832
    17
    Beds
    7
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    Price reduction!! Huge cash flow!1916-24 Broadway is a newly renovated 7-unit apartment building (2-units are non-conforming) comprised of five very large 3 bedroom/one bath units and two 1 bedroom/1 bath units located just east of Downtown San Diego on the desirable west slope of Golden Hill. Attractive assumable financing at 4.17% fixed for approximately another 6 years! Renovations include engineered wood flooring, granite countertops, stainless steel appliances, maplewood cabinets, individual gas-fired tankless water heaters (unit 1916 B & C share one water heater), individual washer and dryer or hookups on all 4 upstairs units. A washer and dryer is shared by the downstairs units. Please call agent for a complete offering memorandum.
    Exterior Features

    Carports 0 Parking None Parking Spaces Total 0 Units With Garages 0

    Interior Features

    Cooling Other Heating Other/Remarks Laundry Owned Sq Ft Of Improvement 7080 Stories 3 Story

    Property Features

    1st Loan Balance 1050000 1st Loan Interest 4.17 Actual Cap Rate 4.94 Actual Cash Flow 55974 Actual Cash On Cash 4.22 Actual Gross Operating Income 166976 Actual Gross Scheduled Income 172140 Actual Operating Expense 49605 Actual Total Pi Pay 61396 Actual Vacancy And Credit Loss 5164 Assumable Finance 1050000 Buildings 1 Complex Features Bbq Existing Financing Fixed Rate Financial Information Source Owner Gross Equity 1325000 Gross Multiplier 13.8 Have 7 Units Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 14345 Motive Want Cash Out Projected Annual Pi Expense 61396 Projected Cap Rate 6.38 Projected Cash Flow 90184 Projected Cash On Cash 6.80 Projected Gross Multiplier 11.45 Projected Gross Operating Inc 201186 Projected Gross Scheduled Inc 201000 Projected Net Income 151580 Projected Operating Expense 49605 Projected Other Income 6408 Projected Vacancy And Credit Loss 6222 Sq Ft Source Buyer To Verify Terms Assumable 1st Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent Total1 2500 Unit Rent Total2 2300 Unit Rent Total3 2500 Unit Rent Total4 2300 Unit Rent Total5 1995 Unit Rent Total6 1350 Unit Rent Total7 1400 Unit Rent1 2500 Unit Rent2 2300 Unit Rent3 2500 Unit Rent4 2300 Unit Rent5 1995 Unit Rent6 1350 Unit Rent7 1400

    Listing provided courtesy of Acre Investment Real Estate. 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. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130