3016 Quince Street

    San Diego, CA 92104
    • $5,700,000
    • STATUS: ACTIVE
    • ON SITE: 195 days
    • ID#: 180012958
    UPDATED: 41 min ago
    $5,700,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Roosevelt Court is a classic, Spanish -style 19 unit apartment complex located just 4 blocks from Balboa Park in the desirable South Park residential submarket totaling 11,174 SF of structure. This complex features a lovely courtyard, 6 cottage-style units with coved ceilings, hardwood floors, and unique built-ins from the era. In addition, there is a duplex building in the rear of the courtyard with two 2 bedroom units that feature the same charm. These units command premium rents and select units have been renovated. The main building fronts 30th Street with an additional 11 spacious units. Select units have interior stairways. There is an adjacent parcel with 8 potential parking spaces and development potential. This property is in a high demand rental market with low maintenance costs and healthy upside in rents still exists. There are onsite laundry facilities. The offering includes APNs 453-602-09-00 and 453-601-04-00.

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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/81512772

    3016 Quince Street San Diego, CA 92104

    • Price: $5,700,000
    • Status: ACTIVE
    • Updated: 41 min ago
    • ID#: 180012958
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    Roosevelt Court is a classic, Spanish -style 19 unit apartment complex located just 4 blocks from Balboa Park in the desirable South Park residential submarket totaling 11,174 SF of structure. This complex features a lovely courtyard, 6 cottage-style units with coved ceilings, hardwood floors, and unique built-ins from the era. In addition, there is a duplex building in the rear of the courtyard with two 2 bedroom units that feature the same charm. These units command premium rents and select units have been renovated. The main building fronts 30th Street with an additional 11 spacious units. Select units have interior stairways. There is an adjacent parcel with 8 potential parking spaces and development potential. This property is in a high demand rental market with low maintenance costs and healthy upside in rents still exists. There are onsite laundry facilities. The offering includes APNs 453-602-09-00 and 453-601-04-00.
    Exterior Features

    Parking Spaces Total 8

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Baths Unit3 1 Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 0 Sq Ft Of Improvement 11174 Units With Ranges 19 Units With Refrigerators 19

    Property Features

    Actual Cap Rate 4.2 Actual Gross Operating Income 340004 Actual Gross Scheduled Income 350520 Actual Operating Expense 103165 Actual Vacancy And Credit Loss 10516 Assumable Finance 0 Buildings 3 Gross Equity 3100000 Gross Multiplier 16.3 Have Units Leased Apartments 19 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 29210 Motive Want Sell Other Income Source Laundry Projected Cap Rate 5.1 Projected Gross Multiplier 14 Projected Gross Operating Inc 395667 Projected Gross Scheduled Inc 407904 Projected Net Income 292502 Projected Operating Expense 103165 Projected Vacancy And Credit Loss 12237 Short Sale No Unit Number1 4 Unit Number2 14 Unit Number3 1 Unit Rent Total1 7700 Unit Rent Total2 20160 Unit Rent Total3 1250 Unit Rent1 1925 Unit Rent2 1440 Unit Rent3 1250

    Listing provided courtesy of South Coast Commercial, 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.
     
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