1944-1950 C St.

    San Diego, CA 92102
    • $1,350,000
    • STATUS: PENDING
    • ON SITE: 65 days
    • ID#: 180050928
    Pending
    UPDATED: 50 min ago
    $1,350,000
    • 2
      BEDS
    • 0.12
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    1944-1950 C St. and 1116-1118 20th St. is a 6 unit property located close to downtown in Golden Hill. The unit mix is comprised of three (3) 1-Bed/1-Bath units and three (3) studios. There is an on-site laundry facility, RUBS are implemented to produce additional income, and there are two on-site parking spaces. The walk score is 79 and the 5, 163, 94 and 8 freeways are all within the proximity. The two buildings were constructed in 1918 and total 2,786 square feet of living area on a 5,442 square foot lot. The subject property offers an investor the opportunity to substantially increase rents and add more value by renovating the units. This real estate opportunity is ideal for the investor seeking an asset in one of San Diego’s most desirable rental communities.

    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/87391171

    1944-1950 C St. San Diego, CA 92102

    • Price: $1,350,000
    • Status: PENDING
    • Updated: 50 min ago
    • ID#: 180050928
    2
    Beds
    4
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    1944-1950 C St. and 1116-1118 20th St. is a 6 unit property located close to downtown in Golden Hill. The unit mix is comprised of three (3) 1-Bed/1-Bath units and three (3) studios. There is an on-site laundry facility, RUBS are implemented to produce additional income, and there are two on-site parking spaces. The walk score is 79 and the 5, 163, 94 and 8 freeways are all within the proximity. The two buildings were constructed in 1918 and total 2,786 square feet of living area on a 5,442 square foot lot. The subject property offers an investor the opportunity to substantially increase rents and add more value by renovating the units. This real estate opportunity is ideal for the investor seeking an asset in one of San Diego’s most desirable rental communities.
    Exterior Features

    Construction Stucco Exterior Cable AvailableCommunity FacilitiesWood Fence Parking Spaces Parking Spaces Total 2 Roof Composition

    Interior Features

    Cooling Wall/Window Floor Coverings HardwoodVinylOther/Remarks Floors Wood Heating Wall Laundry Owned Sq Ft Of Improvement 2786 Stories 1 Story

    Property Features

    Actual Cap Rate 4.41 Actual Gross Operating Income 83667 Actual Gross Scheduled Income 82500 Actual Operating Expense 22747 Actual Vacancy And Credit Loss 2475 Assumable Finance 0 Buildings 2 Existing Financing Conventional Financial Information Source Owner Gross Equity 0 Gross Multiplier 16.36 Have Golden Hill Apts Leased Apartments 6 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 6875 Motive Want Sell Other Income Actual 3642 Other Income Amount 3642 Other Income Source Rubs Projected Cap Rate 5.1 Projected Gross Multiplier 14.06 Projected Gross Operating Inc 96762 Projected Gross Scheduled Inc 96000 Projected Net Income 68847 Projected Operating Expense 27915 Projected Other Income 3642 Projected Vacancy And Credit Loss 2880 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash To New Loan Unit Number1 2 Unit Number2 1 Unit Number3 2 Unit Number4 1 Unit Rent Total1 2600 Unit Rent Total2 1150 Unit Rent Total3 2100 Unit Rent Total4 1025 Unit Rent1 1300 Unit Rent2 1150 Unit Rent3 1050 Unit Rent4 1025 Unit Type Apartment Zoning Commercial

    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