4045 33rd Street

    San Diego, CA 92104
    • $2,675,000
    • STATUS: ACTIVE
    • ON SITE: 70 days
    • ID#: 180037708
    UPDATED: 60 min ago
    $2,675,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4045 33rd St is a 10 unit multifamily investment opportunity in North Park and is a two-story building property resting on a 10,432 square foot lot. Built in 1969, this property consists of a desirable mix of large (6) two bedroom / two baths, (2) two bedroom / one bath, and (2) one bedroom / one bath totaling about 9,312 rentable square feet. Tenants are offered off-street parking and on-site laundry which aids in additional income. Located in central North Park, the neighborhood’s popular restaurants, shops, and entertainment are all within walking distance from the property. The neighborhood is being rapidly gentrified with new developments and renovated buildings. With the current rents significantly below market, this multifamily complex has tremendous rental upside. This property is an ideal value-add investment opportunity for a new owner to increase rents in the up-and-coming neighborhood of North Park, San Diego.

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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/85473627

    4045 33rd Street San Diego, CA 92104

    • Price: $2,675,000
    • Status: ACTIVE
    • Updated: 60 min ago
    • ID#: 180037708
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    4045 33rd St is a 10 unit multifamily investment opportunity in North Park and is a two-story building property resting on a 10,432 square foot lot. Built in 1969, this property consists of a desirable mix of large (6) two bedroom / two baths, (2) two bedroom / one bath, and (2) one bedroom / one bath totaling about 9,312 rentable square feet. Tenants are offered off-street parking and on-site laundry which aids in additional income. Located in central North Park, the neighborhood’s popular restaurants, shops, and entertainment are all within walking distance from the property. The neighborhood is being rapidly gentrified with new developments and renovated buildings. With the current rents significantly below market, this multifamily complex has tremendous rental upside. This property is an ideal value-add investment opportunity for a new owner to increase rents in the up-and-coming neighborhood of North Park, San Diego.
    Interior Features

    Baths Unit1 2 Baths Unit2 1 Baths Unit3 1 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 1 Sq Ft Of Improvement 9312

    Property Features

    Actual Cap Rate 3.2 Actual Gross Scheduled Income 146220 Actual Operating Expense 58068 Actual Vacancy And Credit Loss 4387 Assumable Finance 0 Financial Information Source Other/Remarks Gross Equity 0 Gross Multiplier 18.29 Have Cash Mandatory Remarks None Known Market Area Metro Uptown Motive Want Cash Other Income Actual 1860 Projected Cap Rate 5.03 Projected Gross Multiplier 13.44 Projected Gross Scheduled Inc 199080 Projected Net Income 134592 Projected Operating Expense 60376 Projected Vacancy And Credit Loss 5972 Unit Number1 6 Unit Number2 2 Unit Number3 2 Unit Rent1 1291 Unit Rent2 1108 Unit Rent3 1113

    Listing provided courtesy of Marcus & Millichap. 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