2709 Broadway

    San Diego, CA 92102
    • $1,425,000
    • STATUS: ACTIVE
    • ON SITE: 79 days
    • ID#: 180035845
    UPDATED: 45 min ago
    $1,425,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    Description

    Turnkey 4 unit apartment building with a highly desirable and walkable location on Broadway in Golden Hill. Recent upgrades include: new roof, new electric (220 amps), new exterior paint, upgraded sewer, recently renovated 2 bedroom unit on second level with City views. Within easy walking distance to numerous restaurants and coffee shops in Golden Hill and South Park. Downtown is also within walking distance. Current rents are well below market. Great unit mix: 3 x 1bed/1bth & 1 x 2bed/1bth. Seller owns the adjacent house located at 2719 Broadway and has plans to develop 6 x 1,600 square foot townhomes. RM-2-5 permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area. 16 units are possible with the new 100% density bonus offered by the City of SD. Please ask listing agent for more info if you have interest.

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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/85204648

    2709 Broadway San Diego, CA 92102

    • Price: $1,425,000
    • Status: ACTIVE
    • Updated: 45 min ago
    • ID#: 180035845
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1953
    Built
    Neighborhood:
    Golden Hill
    County:
    San Diego
    Area:
    San Diego (92102)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    Property Description
    Turnkey 4 unit apartment building with a highly desirable and walkable location on Broadway in Golden Hill. Recent upgrades include: new roof, new electric (220 amps), new exterior paint, upgraded sewer, recently renovated 2 bedroom unit on second level with City views. Within easy walking distance to numerous restaurants and coffee shops in Golden Hill and South Park. Downtown is also within walking distance. Current rents are well below market. Great unit mix: 3 x 1bed/1bth & 1 x 2bed/1bth. Seller owns the adjacent house located at 2719 Broadway and has plans to develop 6 x 1,600 square foot townhomes. RM-2-5 permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area. 16 units are possible with the new 100% density bonus offered by the City of SD. Please ask listing agent for more info if you have interest.
    Exterior Features

    Exterior Stucco Fencing FullGate Frontage N/K Parking For RV None Known Parking Garage Desc Unit1 AssignedAttached Parking Garage Desc Unit2 AssignedAttached Parking Garage Desc Unit3 AssignedAttached Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 3 Units With Patios 4 View City

    Interior Features

    Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 1 Bedrooms Unit4 2 Cooling N/K Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

    Property Features

    Actual Cap Rate 3.5 Age Restrictions N/K Annual Expense Actual 21226 Annual Expense Projected 21226 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community San Diego Complex Park Broadway Apartments Cross Streets 27th Street Gross Rent Multiplier Actual 19.47 Gross Rent Multiplier Project 16.16 Gross Scheduled Income Actual 73200 Gross Scheduled Income Project 88200 Home Owners Assoc Fee Includes N/K Home Owners Fees 0 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Net Operating Income Projected 64328 Other Fees 0 Other Income Actual 0 Projected Cap Rate 4.5 Projected Other Income 0 Sales Restrictions N/K Security Gated Community Sewer Septic Sewer Connected Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms CashConventional Unit Number For Unit1 Unit 1 Unit Number For Unit2 Unit 2 Unit Number For Unit3 Unit 3 Unit Number4 Unit 4 Unit1 Deposit 1450 Unit1 Occupied Tenant Unit1 Projected Rent 1700 Unit1 Rent Actual 1450 Unit2 Deposit 1450 Unit2 Occupied Tenant Unit2 Projected Rent 1700 Unit2 Rent Actual 1450 Unit3 Deposit 1450 Unit3 Occupied Tenant Unit3 Projected Rent 1700 Unit3 Rent Actual 1450 Unit4 Deposit 1750 Unit4 Occupied Tenant Unit4 Projected Rent 2250 Unit4 Rent Actual 1750 Water Meter On Property Water District City Of San Diego Zoning Rm-2-5

    Listing provided courtesy of Willis Allen 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.
     
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    San Diego CA, 92130