4558 40Th St

    San Diego, CA 92116
    • $1,700,000
    • STATUS: PENDING
    • ON SITE: 67 days
    • ID#: 180039592
    Pending
    UPDATED: 26 min ago
    $1,700,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Appox. $125,000 spent in improvements! Under market rents. All units MTM. 4558 40th Street, offers 7 well maintained units in desirable Normal Heights. Consisting of a solid unit mix of (1) 2 bedroom, 1 ½ bath, (2) 2 bedroom 1 bath, and (4) 1 bedroom 1 bath units. Four units have been completely remodeled with new cabinetry, new countertops, new fixtures, new flooring and new appliances. Many on-site improvements have been made to the exterior of the property including a new roof, many new vinyl windows, and xeriscape landscaping. All tenants are afforded their own parking space with 4 off-street spaces in the front of the property as well as 3 tuck under spaces in the rear. With no properties sharing the opposite side of the street, many free spaces are available providing ample parking for the tenants and their guests. Link to drone video: https://vimeo.com/realestateshowcase/2572broadway-mls

    Monthly Payment Calculator

    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/85770024

    4558 40Th St San Diego, CA 92116

    • Price: $1,700,000
    • Status: PENDING
    • Updated: 26 min ago
    • ID#: 180039592
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    Appox. $125,000 spent in improvements! Under market rents. All units MTM. 4558 40th Street, offers 7 well maintained units in desirable Normal Heights. Consisting of a solid unit mix of (1) 2 bedroom, 1 ½ bath, (2) 2 bedroom 1 bath, and (4) 1 bedroom 1 bath units. Four units have been completely remodeled with new cabinetry, new countertops, new fixtures, new flooring and new appliances. Many on-site improvements have been made to the exterior of the property including a new roof, many new vinyl windows, and xeriscape landscaping. All tenants are afforded their own parking space with 4 off-street spaces in the front of the property as well as 3 tuck under spaces in the rear. With no properties sharing the opposite side of the street, many free spaces are available providing ample parking for the tenants and their guests. Link to drone video: https://vimeo.com/realestateshowcase/2572broadway-mls
    Exterior Features

    Construction Stucco Parking CarportsSpaces

    Interior Features

    Baths Unit1 1.5 Baths Unit2 1 Baths Unit3 1 Baths Unit4 1 Baths Unit5 1 Baths Unit6 1 Baths Unit7 1 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 1 Bedrooms Unit5 1 Bedrooms Unit6 1 Bedrooms Unit7 1 Floor Coverings Vinyl Floors Slab Heating Wall Sq Ft Of Improvement 4466

    Property Features

    Actual Cap Rate 4.46 Actual Gross Scheduled Income 122004 Actual Operating Expense 42913 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 13.9 Have Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Cash Out Projected Cap Rate 5.66 Projected Gross Multiplier 11.4 Sq Ft Source Tax Record Terms CashCash To New Loan Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent1 1520 Unit Rent2 1725 Unit Rent3 1432 Unit Rent4 1425 Unit Rent5 1390 Unit Rent6 1365 Unit Rent7 1235 Unit Type Apartment Zoning R-3:Restri

    Listing provided courtesy of Apartment Consultants, 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.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130