4435 44th Street

    San Diego, CA 92115
    • $2,500,000
    • STATUS: ACTIVE
    • ON SITE: 106 days
    • ID#: 180043135
    UPDATED: 78 min ago
    $2,500,000
    • 3
      BEDS
    • 0.23
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Pelican Point Apartments offers a value-add opportunity. While the properties are very well maintained, there is an opportunity for an investor to complete upgrades to unit interiors and building exteriors to achieve higher rents. Located in the desirable urban neighborhood of Talmadge and just one block from the boundary of the upscale Kensington neighborhood. The property is walking distance to an abundance of retail, shopping and restaurants.

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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/86263253

    4435 44th Street San Diego, CA 92115

    • Price: $2,500,000
    • Status: ACTIVE
    • Updated: 78 min ago
    • ID#: 180043135
    3
    Beds
    2
    Baths
    0
    ½ Baths
    0.23
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    Pelican Point Apartments offers a value-add opportunity. While the properties are very well maintained, there is an opportunity for an investor to complete upgrades to unit interiors and building exteriors to achieve higher rents. Located in the desirable urban neighborhood of Talmadge and just one block from the boundary of the upscale Kensington neighborhood. The property is walking distance to an abundance of retail, shopping and restaurants.
    Exterior Features

    Construction DrywallFrameStucco Parking Spaces Parking Spaces Total 14 Units With Garages 0

    Interior Features

    Floor Coverings TileVinylWall To Wall Carpet Heating Wall Sq Ft Of Improvement 7570 Unit Furnished1 0 Unit Furnished2 0 Units With Dishwashers 10 Units With Disposals 10 Units With Ranges 10 Units With Refrigerators 10

    Property Features

    Actual Cap Rate 4.26 Actual Gross Scheduled Income 169368 Actual Operating Expense 74905 Assumable Finance 0 Buildings 1 Gross Equity 1000000 Gross Multiplier 14.8 Have 10 Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 14114 Motive Want Cash Out Projected Cap Rate 4.55 Projected Gross Multiplier 14.4 Short Sale No Special None Sq Ft Source Buyer To Verify Unit Number1 6 Unit Number2 4 Unit Rent Total1 8238 Unit Rent Total2 5876 Unit Rent1 1373 Unit Rent2 1469 Zoning Rm-1-1

    Listing provided courtesy of Kidder Mathews. 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