4225 Illinois Street

    San Diego, CA 92104
    • $2,100,000
    • STATUS: ACTIVE
    • ON SITE: 221 days
    • ID#: 180007477
    UPDATED: 21 min ago
    $2,100,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4225 Illinois Street is a condo-grade 6 unit apartment complex located in the booming North Park rental market. The property consists of 4,342 square feet of structure built in 1985 situated on a 5,248 square foot lot. The property features five 2 Bedroom / 2 Bath units and one 1 Bedroom / 1 Bath unit as well as six garages with new garage doors and five additional off-street parking spaces. Four of the units have been thoroughly remodeled and have in-unit stackable washers and dryers. The other two units share a common laundry room. The units feature granite counter tops, A/C, fireplaces, dishwashers and built in microwaves as well as new tile and plank flooring. The down stairs units have private patios and the upstairs units have vaulted ceilings. This turnkey asset has white papers and additional upside in rents.

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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/80701338

    4225 Illinois Street San Diego, CA 92104

    • Price: $2,100,000
    • Status: ACTIVE
    • Updated: 21 min ago
    • ID#: 180007477
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    4225 Illinois Street is a condo-grade 6 unit apartment complex located in the booming North Park rental market. The property consists of 4,342 square feet of structure built in 1985 situated on a 5,248 square foot lot. The property features five 2 Bedroom / 2 Bath units and one 1 Bedroom / 1 Bath unit as well as six garages with new garage doors and five additional off-street parking spaces. Four of the units have been thoroughly remodeled and have in-unit stackable washers and dryers. The other two units share a common laundry room. The units feature granite counter tops, A/C, fireplaces, dishwashers and built in microwaves as well as new tile and plank flooring. The down stairs units have private patios and the upstairs units have vaulted ceilings. This turnkey asset has white papers and additional upside in rents.
    Exterior Features

    Units With Garages 6

    Interior Features

    Baths Unit1 2 Baths Unit2 2 Baths Unit3 2 Baths Unit4 1 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 1 Sq Ft Of Improvement 4342 Units With Dishwashers 6 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    Actual Cap Rate 3.86 Actual Gross Operating Income 122034 Actual Gross Scheduled Income 125808 Actual Operating Expense 41022 Assumable Finance 0 Buildings 1 Gross Equity 2100000 Gross Multiplier 16.7 Have Units Leased Apartments 6 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 10484 Motive Want 1031 Other Income Amount 600 Other Income Source Laundry Projected Cap Rate 5.2 Projected Gross Multiplier 13.6 Projected Gross Operating Inc 150156 Projected Gross Scheduled Inc 154800 Projected Net Income 109134 Projected Operating Expense 41022 Short Sale No Unit Number1 1 Unit Number2 2 Unit Number3 2 Unit Number4 1 Unit Rent Total1 1995 Unit Rent Total2 3790 Unit Rent Total3 3000 Unit Rent Total4 1650 Unit Rent1 1995 Unit Rent2 1895 Unit Rent3 1500 Unit Rent4 1650

    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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    San Diego CA, 92130