2121 Thomas Ave.

    San Diego, CA 92109
    • $3,075,000
    • STATUS: ACTIVE
    • ON SITE: 115 days
    • ID#: 180028569
    UPDATED: 58 min ago
    $3,075,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    This classic Huffman building has had almost $100k of renovation over the past three years. The building has dual pane windows. Six of the eight units have been remodeled including appliances, kitchen cabinets, counter-tops and bathroom vanities. Rent increases will be in effect by close of escrow. Prime Asset has managed the property for at least a decade and reports five/one bed and three/two bed units. The tax records show ten bedrooms. ACI has not seen or verified each unit. A short bike ride to the beach and two double garages plus four tandem parking spaces make this asset very desirable. Plentiful street parking offers more convenience than most of Pacific Beach. Concrete driveways mean lower maintenance cost for the owner. Thomas Ave is a low traffic residential street providing quiet peaceful surroundings.

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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/84039234

    2121 Thomas Ave. San Diego, CA 92109

    • Price: $3,075,000
    • Status: ACTIVE
    • Updated: 58 min ago
    • ID#: 180028569
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    This classic Huffman building has had almost $100k of renovation over the past three years. The building has dual pane windows. Six of the eight units have been remodeled including appliances, kitchen cabinets, counter-tops and bathroom vanities. Rent increases will be in effect by close of escrow. Prime Asset has managed the property for at least a decade and reports five/one bed and three/two bed units. The tax records show ten bedrooms. ACI has not seen or verified each unit. A short bike ride to the beach and two double garages plus four tandem parking spaces make this asset very desirable. Plentiful street parking offers more convenience than most of Pacific Beach. Concrete driveways mean lower maintenance cost for the owner. Thomas Ave is a low traffic residential street providing quiet peaceful surroundings.
    Exterior Features

    Construction Stucco Parking GaragesSpaces Parking Spaces Total 8 Units With Garages 4

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Bedrooms Unit1 1 Bedrooms Unit2 2 Cooling None Heating Wall Sq Ft Of Improvement 5690 Stories 2 Story Units With Drapes 8 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 3.54 Actual Cash Flow 18602 Actual Gardener Expense 1500 Actual Gas And Electric 2880 Actual Gross Operating Income 174775 Actual Gross Scheduled Income 175140 Actual Maintenance Expense 8000 Actual Operating Expense 65896 Actual Prop Management 8739 Actual Taxes Expense 35978 Actual Total Expense 65896 Actual Total Pi Pay 90277 Actual Trash Expense 1600 Actual Vacancy And Credit Loss 5405 Actual Water Sewer Expense 4800 Assumable Finance 0 Buildings 1 Existing Financing Conventional Financial Information Source Owner Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 2984723 Gross Multiplier 17.1 Have Eight Units Leased Apartments 8 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 14595 Motive Want Cash Out Other Income Actual 5040 Other Income Amount 420 Other Income Source Lau/Gar Projected Annual Pi Expense 90277 Projected Cap Rate 3.92 Projected Cash Flow 30300 Projected Fl Ins Expense 2400 Projected Fl Ins Expense1 2400 Projected Gardener Expense 1500 Projected Gas And Electric 2880 Projected Gross Multiplier 16.0 Projected Gross Operating Inc 186473 Projected Gross Scheduled Inc 192240 Projected Maintenance Expense 8000 Projected Net Income 120577 Projected Operating Expense 65896 Projected Other Income 5040 Projected Property Mgmt Expense 8739 Projected Taxes Expense 35978 Projected Total Expense 65896 Projected Trash Expense 1600 Projected Vacancy And Credit Loss 5767 Projected Water And Sewer Expense 4800 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Cash To New Loan Unit Number1 5 Unit Number2 3 Unit Rent Total1 8625 Unit Rent Total2 5970 Unit Rent1 1725 Unit Rent2 1990 Unit Type Apartment

    Listing provided courtesy of Apartment Consultants, 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