3944 Mission Blvd

    San Diego, CA 92109
    • $1,325,000
    • STATUS: SOLD
    • ON SITE: 177 days
    • ID#: 180048466
    Sold - 01/17/2019
    $1,325,000
    SOLD - 01/17/2019
    • 6
      BEDS
    • 0.04
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,086
      SQFT
    • $635
      $/SQFT
    Neighborhood:
    Mission Beach
    Type:
    Multi-Family
    Built:
    1947
    County:
    San Diego
    Area:
    Pacific Beach (92109)

    School Ratings & Info

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    Description

    $200K reduction so Seller may complete 1031 exchange. Now the best value in Mission Beach for this rarely available 4-plex -great Unit Mix 2- (2BD/1BA) and 2- (1BD/1BA) all tenants below market rents month to month leases- great upside as long term rental with projected 5.85% CAP or run as a vacation rental subject to restrictions. New water heaters in all units 2011, both 2 BD/1BA units remodeled. Large patio for 2BD lower unit. Storage room under stairs. Each unit with refrigerators/stoves/microwaves.

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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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/87019315

    3944 Mission Blvd San Diego, CA 92109

    • Price: $1,399,000
    • Status: SOLD
    • Updated: 87 min ago
    • ID#: 180048466
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.04
    Acres
    2,086
    SQFT
    $635
    $/SQFT
    1947
    Built
    Neighborhood:
    Mission Beach
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    $200K reduction so Seller may complete 1031 exchange. Now the best value in Mission Beach for this rarely available 4-plex -great Unit Mix 2- (2BD/1BA) and 2- (1BD/1BA) all tenants below market rents month to month leases- great upside as long term rental with projected 5.85% CAP or run as a vacation rental subject to restrictions. New water heaters in all units 2011, both 2 BD/1BA units remodeled. Large patio for 2BD lower unit. Storage room under stairs. Each unit with refrigerators/stoves/microwaves.
    Exterior Features

    Exterior Stucco Fencing Partial Frontage N/K Irrigation N/K 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 Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Rolled/Hot Mop Site Alley AccessPublic StreetSidewalksStreet PavedWest Of I-5 Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 1

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No 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

    Property Features

    Actual Cap Rate 3.6 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 18665 Annual Expense Projected 22428 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Mission Beach Complex Features N/K Complex Park 3944 Mission Blvd Cross Streets Windermere Ct Gross Rent Multiplier Actual 20.24 Gross Rent Multiplier Project 13.72 Gross Scheduled Income Actual 69120 Gross Scheduled Income Project 102000 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area Coastal South Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 81783 Other Fee Type N/K Other Fees 0 Other Income Actual 0 Possession Other/Remarks Projected Cap Rate 5.85 Projected Other Income 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays Electricity Terms CashConventionalVa Unit Number For Unit1 3944 Miss Unit Number For Unit2 755 Winder Unit Number For Unit3 753 Winder Unit Number4 751 Winder Unit1 Deposit 980 Unit1 Occupied Tenant Unit1 Projected Rent 1650 Unit1 Rent Actual 980 Unit2 Deposit 1800 Unit2 Occupied Tenant Unit2 Projected Rent 2600 Unit2 Rent Actual 1800 Unit3 Deposit 2000 Unit3 Occupied Tenant Unit3 Projected Rent 2600 Unit3 Rent Actual 2000 Unit4 Deposit 980 Unit4 Occupied Tenant Unit4 Projected Rent 1650 Unit4 Rent Actual 980 Water Meter On Property Zoning R-4:Multip

    Listing provided courtesy of Keller Williams Carmel Valley. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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    San Diego CA, 92130