470 20th Street

    San Diego, CA 92102
    • $7,500,000
    • STATUS: ACTIVE
    • ON SITE: 188 days
    • ID#: 180014214
    UPDATED: 178 min ago
    $7,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    An exclusive once-in-a-lifetime opportunity to acquire The Sterling, “the Property”, a genuine piece of San Diego's history. This charming, fully-renovated 27-unit apartment community is located in the heart of Sherman Heights. Known for its superior walkability and affluent history, Sherman Heights is one of San Diego’s most sought-after neighborhoods. Residents of The Sterling are a short distance to Downtown San Diego where they can enjoy the finest dining, nightlife, cafés, boutique stores, and entertainment venues San Diego has to offer. The Sterling’s unit and property amenities include community balconies, bike storage, restored and decorated common areas, hardwood floors, tall ceilings, granite countertops, with select units holding skyline views and private balconies.

    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/81724842

    470 20th Street San Diego, CA 92102

    • Price: $7,500,000
    • Status: ACTIVE
    • Updated: 178 min ago
    • ID#: 180014214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    An exclusive once-in-a-lifetime opportunity to acquire The Sterling, “the Property”, a genuine piece of San Diego's history. This charming, fully-renovated 27-unit apartment community is located in the heart of Sherman Heights. Known for its superior walkability and affluent history, Sherman Heights is one of San Diego’s most sought-after neighborhoods. Residents of The Sterling are a short distance to Downtown San Diego where they can enjoy the finest dining, nightlife, cafés, boutique stores, and entertainment venues San Diego has to offer. The Sterling’s unit and property amenities include community balconies, bike storage, restored and decorated common areas, hardwood floors, tall ceilings, granite countertops, with select units holding skyline views and private balconies.
    Exterior Features

    Construction FrameStone Exterior All Auto SprinklersCommunity FacilitiesShutters Lot Dimensions Approx 60' X 100' Parking None Roof Tar & Gravel

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Bedrooms Unit1 0 Bedrooms Unit2 1 Cooling None Floor Coverings Hardwood Floors Wood Heating Wall Sq Ft Of Improvement 16000 Units With Disposals 0 Units With Ranges 27 Units With Refrigerators 27

    Property Features

    Actual Gross Scheduled Income 525300 Actual Operating Expense 135000 Assumable Finance 0 Buildings 1 Gross Equity 4000000 Gross Multiplier 14 Have Real Estate Leased Apartments 27 Mandatory Remarks None Known Market Area Metro Central Motive Want Sell Short Sale No Special Freeway Access Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 15 Unit Number2 12 Unit Rent Total1 17738 Unit Rent Total2 21710 Unit Rent Total8 4269 Unit Rent1 1267 Unit Rent2 1670 Unit Type Apartment Zoning R9

    Listing provided courtesy of Tyler Sinks, Broker. 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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