3945-3951 Centre St

    San Diego, CA 92103
    • $2,950,500
    • STATUS: ACTIVE
    • ON SITE: 9 days
    • ID#: 180050883
    UPDATED: 30 min ago
    $2,950,500
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    A" Location + Fully renovated +Old California style = winner for long term investment apartment hold. Amazing opportunity to own a rare commercial income asset in one of San Diego best areas (w/ nice unit mix). 7 units over 3 buildings with an excellent communal compound featuring BBQ, firepit, water fountain, chaise lounge chairs and dining table. This property was completely renovated in 2017-18, sits on a quiet wide street, is located in Mission Hills/Hillcrest area/University Heights and has a walking score of 88. Apt homes feature new tankless water heaters, roofs, windows, stainless steel appliances, custom penny tile backsplash, kitchen/bath cabinets with Quartz countertops. The property has a large storage room, laundry rm w/ new coinless machines, 1 single car garage with electric garage door, security metal gating and designer landscaping + lighting. Take a tour by clicking on a couple of the 3D tours. Transferable warranties incl roofs, appliances, windows, plumbing/tankless water heaters.

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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/87382096

    3945-3951 Centre St San Diego, CA 92103

    • Price: $2,950,500
    • Status: ACTIVE
    • Updated: 30 min ago
    • ID#: 180050883
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    A" Location + Fully renovated +Old California style = winner for long term investment apartment hold. Amazing opportunity to own a rare commercial income asset in one of San Diego best areas (w/ nice unit mix). 7 units over 3 buildings with an excellent communal compound featuring BBQ, firepit, water fountain, chaise lounge chairs and dining table. This property was completely renovated in 2017-18, sits on a quiet wide street, is located in Mission Hills/Hillcrest area/University Heights and has a walking score of 88. Apt homes feature new tankless water heaters, roofs, windows, stainless steel appliances, custom penny tile backsplash, kitchen/bath cabinets with Quartz countertops. The property has a large storage room, laundry rm w/ new coinless machines, 1 single car garage with electric garage door, security metal gating and designer landscaping + lighting. Take a tour by clicking on a couple of the 3D tours. Transferable warranties incl roofs, appliances, windows, plumbing/tankless water heaters.
    Exterior Features

    Carports 0 Construction Drywall Exterior Fully Landscaped Parking GaragesNone Parking Spaces Total 0 Roof CompositionOther/Remarks Units With Garages 0

    Interior Features

    Baths Unit1 2 Baths Unit2 2 Baths Unit3 3 Bedrooms Unit1 4 Bedrooms Unit2 0 Bedrooms Unit3 3 Cooling Other Floor Coverings HardwoodOther/Remarks Floors WoodOther/Remarks Heating WallOther/Remarks Laundry Owned Sq Ft Of Improvement 5130 Stories 2 Story Unit Furnished1 0 Unit Furnished3 0 Units With Dishwashers 5 Units With Disposals 7 Units With Drapes 0 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    Actual Cap Rate 3.8 Actual Gross Scheduled Income 169500 Actual Operating Expense 44000 Assumable Finance 0 Buildings 3 Complex Features Bbq Existing Financing Other/Remarks Financial Information Source Owner Gross Equity 1500000 Gross Multiplier 17 Have Units To Sell Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 14126 Motive Want Sell Other Income Actual 7800 Other Income Amount 650 Other Income Source Rubs+Gar/L Projected Cap Rate 4.1 Projected Gross Multiplier 16 Projected Gross Scheduled Inc 178200 Projected Net Income 120120 Projected Operating Expense 54000 Short Sale No Sq Ft Source Buyer To VerifyTax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 2 Unit Number2 2 Unit Number3 3 Unit Rent Total1 4990 Unit Rent Total2 2990 Unit Rent Total3 5496 Unit Rent1 2495 Unit Rent2 1495 Unit Rent3 1832 Unit Type Apartment

    Listing provided courtesy of Pacblu. 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