3234 Webster Ave

    San Diego, CA 92113
    • $1,050,000
    • STATUS: ACTIVE
    • ON SITE: 191 days
    • ID#: 180013451
    UPDATED: 17 min ago
    $1,050,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:

    Description

    Exclusive Contract Awesome Bread and Butter property. Sitting in an area of on-going renovation, with property values continuing to go up at this time it's a true investment. 3 of the 4 units have remodeled in the last 3 years with new roofs on 2 of the structures. The one unit that hasn't been remodeled has long term tenants who keep it up. Close to down town, and freeway convenient. Owner is only selling to buy bigger complex. They started with this and with it have purchased more. Now it’s your turn This property is set for great things in the up and coming Logan Heights area. If you have been watching you have seen that many of the homes and complexes in the area are being bought and remodeled creating a great opportunity to capture an upward moving market. Three of the four units have received major remodeling with kitchens and bathrooms being brought up to above average conditions. Granite counters, new cabinets as well as the rest of the work done, and put these units in the position of being some of the nicest in the area. As the community continues to do the same thing, values reflect the changes as well. The property is also well set for an owner-occupied situation if desired. The 3 bedroom house up front being supported by the single bedroom and 2 two bedrooms behind it. Access to the property comes from both Webster, and the alley behind the property. Sitting up on the hillside allows for good views from the property, adding more desirability. This is a great bread and butter property with strong upside still to come with out having to put a bunch of money in it. Don’t miss out.

    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.
    www.triolorealty.com/homes/81590311

    3234 Webster Ave San Diego, CA 92113

    • Price: $1,050,000
    • Status: ACTIVE
    • Updated: 17 min ago
    • ID#: 180013451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1945
    Built
    Neighborhood:
    Logan Heights
    County:
    San Diego
    Area:
    Logan Heights (92113)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    School District:
    San Diego Unified
    Property Description
    Exclusive Contract Awesome Bread and Butter property. Sitting in an area of on-going renovation, with property values continuing to go up at this time it's a true investment. 3 of the 4 units have remodeled in the last 3 years with new roofs on 2 of the structures. The one unit that hasn't been remodeled has long term tenants who keep it up. Close to down town, and freeway convenient. Owner is only selling to buy bigger complex. They started with this and with it have purchased more. Now it’s your turn This property is set for great things in the up and coming Logan Heights area. If you have been watching you have seen that many of the homes and complexes in the area are being bought and remodeled creating a great opportunity to capture an upward moving market. Three of the four units have received major remodeling with kitchens and bathrooms being brought up to above average conditions. Granite counters, new cabinets as well as the rest of the work done, and put these units in the position of being some of the nicest in the area. As the community continues to do the same thing, values reflect the changes as well. The property is also well set for an owner-occupied situation if desired. The 3 bedroom house up front being supported by the single bedroom and 2 two bedrooms behind it. Access to the property comes from both Webster, and the alley behind the property. Sitting up on the hillside allows for good views from the property, adding more desirability. This is a great bread and butter property with strong upside still to come with out having to put a bunch of money in it. Don’t miss out.
    Exterior Features

    Boat Facilities No/Unknown Exterior Stucco Fencing Partial Frontage N/K Irrigation Other/Remarks Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Alley AccessStreet Paved Spa N/K Topography Slope Gentle Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0 View CityEvening Lights

    Interior Features

    Bedrooms Unit1 3 Bedrooms Unit2 1 Bedrooms Unit3 2 Bedrooms Unit4 2 Cooling N/K Full Baths Unit1 2 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 Other/Remarks Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 6.2 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 12000 Association ID North San Diego County Association Of Realtors (Nsdcar) Buildings 1 Cfd Mello Roos Fee 0 Community Logan Heights Complex Features Laundry Facilities Complex Park Unnamed Cross Streets Bancroft St Gross Rent Multiplier Actual 12.8 Gross Scheduled Income Actual 81600 Home Owners Assoc Fee Includes ElectricitySewerTrash Pickup Mandatory Remarks None Known Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Other Fee Type N/K Other Fees 0 Other Income Actual 800 Possession Other/Remarks Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays ElectricityGas/PropaneOther/Remarks Terms Cash Unit Number For Unit1 3238 Unit Number For Unit2 3236 Unit Number For Unit3 3234 Unit Number4 3234.5 Unit1 Deposit 3000 Unit1 Occupied Tenant Unit1 Projected Rent 2400 Unit1 Rent Actual 2350 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 1500 Unit2 Rent Actual 1400 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1700 Unit3 Rent Actual 1650 Unit4 Deposit 1900 Unit4 Occupied Tenant Unit4 Projected Rent 1700 Unit4 Rent Actual 1400 Water Meter On Property Zoning R-4:Multip

    Listing provided courtesy of Realty Executives. 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