4418 Boundary Street

    San Diego, CA 92116
    • $1,110,000
    • STATUS: PENDING
    • ON SITE: 78 days
    • ID#: 180048450
    Pending
    $1,110,000
    • 4
      BEDS
    • 0.16
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,648
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1942
    County:

    School Ratings & Info

    Description

    PRICE REDUCTION!!! 4 turn key apartment units in North Park/University Heights Neighborhood. Large lot with Development Potential. Mostly Updated Inside and Out including new windows, Hardwood Floors, etc. Rents below market for similar location and condition nearby units. Long Term Owner/Manager with mostly long term tenants.

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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. Licensed in the state of California.
    www.triolorealty.com/homes/87012749

    4418 Boundary Street San Diego, CA 92116

    • Price: $1,110,000
    • Status: PENDING
    • ID#: 180048450
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,648
    SQFT
    $419
    $/SQFT
    1942
    Built
    Neighborhood:
    North Park
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    PRICE REDUCTION!!! 4 turn key apartment units in North Park/University Heights Neighborhood. Large lot with Development Potential. Mostly Updated Inside and Out including new windows, Hardwood Floors, etc. Rents below market for similar location and condition nearby units. Long Term Owner/Manager with mostly long term tenants.
    Exterior Features

    Exterior Stucco Fencing Full Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 0

    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 Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 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 4.54 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 21801 Annual Expense Projected 21801 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0 Community North Park Complex Park North Park Cross Streets Meade & Boundary Gross Rent Multiplier Actual 15.36 Gross Rent Multiplier Project 12.84 Gross Scheduled Income Actual 66960 Gross Scheduled Income Project 79200 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 62293 Other Fees 0 Other Income Actual 7270 Projected Cap Rate 5.62 Projected Other Income 7270 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 850 Unit1 Occupied Tenant Unit1 Projected Rent 1650 Unit1 Rent Actual 1395 Unit2 Deposit 750 Unit2 Occupied Tenant Unit2 Projected Rent 1650 Unit2 Rent Actual 1395 Unit3 Deposit 700 Unit3 Occupied Tenant Unit3 Projected Rent 1650 Unit3 Rent Actual 1395 Unit4 Deposit 650 Unit4 Occupied Tenant Unit4 Projected Rent 1650 Unit4 Rent Actual 1395

    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. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130