2605 Highland Avenue

    San Diego, CA 92105
    • $2,050,000
    • STATUS: ACTIVE
    • ON SITE: 13 days
    • ID#: 180050589
    $2,050,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    10 large conforming units with a unique mix. 7x1 bed 1 baths, 2x 2 bed 1.5 bath, and 1x2bed 2 full bath. Most units have tile floors. New roof installed in 2016. 50% of windows replaced with newer vinyl windows. Numerous unit upgrades and improvements conducted over the last 2 months. Current loan may be assumed at a rate of 4% (just under 5 years remaining). Owner pays water utility, tenants pay gas/electric. Roof is new but there is no warranty to transfer. Property offers AMPLE parking for all units. 5 spaces are tandem. Washer/Dryers are owned. Call agent for more details. Please do not go onto the site or disturb any of the tenants. Information is provided by the management company, and believed to be accurate. Buyer is to conduct their own due-diligence.

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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/87321134

    2605 Highland Avenue San Diego, CA 92105

    • Price: $2,050,000
    • Status: ACTIVE
    • ID#: 180050589
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    10 large conforming units with a unique mix. 7x1 bed 1 baths, 2x 2 bed 1.5 bath, and 1x2bed 2 full bath. Most units have tile floors. New roof installed in 2016. 50% of windows replaced with newer vinyl windows. Numerous unit upgrades and improvements conducted over the last 2 months. Current loan may be assumed at a rate of 4% (just under 5 years remaining). Owner pays water utility, tenants pay gas/electric. Roof is new but there is no warranty to transfer. Property offers AMPLE parking for all units. 5 spaces are tandem. Washer/Dryers are owned. Call agent for more details. Please do not go onto the site or disturb any of the tenants. Information is provided by the management company, and believed to be accurate. Buyer is to conduct their own due-diligence.
    Exterior Features

    Carports 12 Construction Stucco Exterior Metal FenceNo Landscaping Parking Spaces Parking Spaces Total 17 Roof Composition

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Baths Unit3 1 Baths Unit4 1 Baths Unit5 1.5 Baths Unit6 1.5 Baths Unit7 2 Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 1 Bedrooms Unit4 1 Bedrooms Unit5 2 Bedrooms Unit6 2 Bedrooms Unit7 2 Cooling Wall/Window Floor Coverings TileOther/Remarks Floors Slab Heating RadiantWall Laundry Owned Sq Ft Of Improvement 6476 Stories 2 Story Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 0 Units With Ranges 10 Units With Refrigerators 10

    Property Features

    Actual Cap Rate 4.41 Actual Gross Operating Income 136760 Actual Gross Scheduled Income 135600 Actual Operating Expense 46218 Assumable Finance 1000000 Buildings 1 Complex Features Other/Remarks Existing Financing Conventional Financial Information Source OwnerOther/Remarks Fiscal Year From 18 Fiscal Year To 18 Gross Equity 0 Gross Multiplier 14.98 Have Cash Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 12570 Motive Want Cash Other Income Actual 1160 Other Income Source 93 Projected Cap Rate 5.53 Projected Gross Scheduled Inc 174600 Projected Net Income 113490 Projected Operating Expense 61110 Projected Other Income 1200 Short Sale No Sq Ft Source Other/Remarks Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Assumable 1StCashCash To New LoanExchange Up Unit Number1 2 Unit Number2 2 Unit Number3 2 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent Total1 2350 Unit Rent Total2 2390 Unit Rent Total3 2400 Unit Rent Total4 1225 Unit Rent Total5 1450 Unit Rent Total6 1395 Unit Rent Total7 1360 Unit Rent1 1175 Unit Rent2 1195 Unit Rent3 1200 Unit Rent4 1225 Unit Rent5 1450 Unit Rent6 1395 Unit Rent7 1360 Unit Type Apartment Zoning Rm-1-1

    Listing provided courtesy of Marcus & Millichap. 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