5311 Santa Margarita St

    San Diego, CA 92114
    • $2,649,000
    • STATUS: ACTIVE
    • ON SITE: 35 days
    • ID#: 180046385
    UPDATED: 25 min ago
    $2,649,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 10 Units on Santa Margarita. The property is comprised of (3) separate structures; 2 houses and 8 units above. The property has gone through extensive renovations starting from interiors to exterior, new plumbing, new electrical, reengineering retaining walls, restructuring the stairways, this property truly has it all. The unit mix consist of a 3bedroom/2Bath & 4Br/2Ba house with (8) units about that are (7) 3Bedrooms/2Bath & (1) 2Bedroom/2Bath. The units each get their own tandem parking space (18 parking spaces total; 12 being tandem spaces) with the front house getting its own private driveway. The property has onsite laundry facilities with a long private drive way. The units will feature quartz / granite counter tops, new cabinets, new flooring, new bathrooms with new vanities. This property is an investors dream; it cash flows, it's turn key and you wont have to worry about it for decades and on.

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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/86696512

    5311 Santa Margarita St San Diego, CA 92114

    • Price: $2,649,000
    • Status: ACTIVE
    • Updated: 25 min ago
    • ID#: 180046385
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Encanto (92114)
    County:
    San Diego
    Area:
    Encanto (92114)
    Property Description
    We are pleased to present 10 Units on Santa Margarita. The property is comprised of (3) separate structures; 2 houses and 8 units above. The property has gone through extensive renovations starting from interiors to exterior, new plumbing, new electrical, reengineering retaining walls, restructuring the stairways, this property truly has it all. The unit mix consist of a 3bedroom/2Bath & 4Br/2Ba house with (8) units about that are (7) 3Bedrooms/2Bath & (1) 2Bedroom/2Bath. The units each get their own tandem parking space (18 parking spaces total; 12 being tandem spaces) with the front house getting its own private driveway. The property has onsite laundry facilities with a long private drive way. The units will feature quartz / granite counter tops, new cabinets, new flooring, new bathrooms with new vanities. This property is an investors dream; it cash flows, it's turn key and you wont have to worry about it for decades and on.
    Exterior Features

    Construction Stucco Exterior Remarks Parking CarportsGaragesSpaces Roof Other/Remarks

    Interior Features

    Baths Unit1 2 Baths Unit2 2 Baths Unit3 2 Baths Unit4 2 Bedrooms Unit1 3 Bedrooms Unit2 4 Bedrooms Unit3 3 Bedrooms Unit4 2 Cooling Other Floor Coverings TileVinyl Floors Other/Remarks Heating Wall Laundry Owned Sq Ft Of Improvement 10739 Stories 2 Story

    Property Features

    Actual Cap Rate 5.5 Actual Gross Scheduled Income 225816 Actual Operating Expense 73875 Assumable Finance 0 Complex Features Other/Remarks Existing Financing Other/Remarks Financial Information Source Owner Gross Equity 2649000 Gross Multiplier 11.7 Have Apartments Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 18818 Motive Want Exchange Other Income Amount 400 Other Income Source Laundry Projected Cap Rate 5.7 Projected Gross Multiplier 11.4 Projected Gross Scheduled Inc 231720 Short Sale No Special None Sq Ft Source Buyer To VerifyTax Record Terms CashCash To New LoanExchange DownExchange Up Unit Number1 1 Unit Number2 1 Unit Number3 7 Unit Number4 1 Unit Rent Total1 1900 Unit Rent Total2 2000 Unit Rent Total3 12958 Unit Rent Total4 1560 Unit Rent1 1900 Unit Rent2 2000 Unit Rent3 1851 Unit Rent4 1560 Unit Type Other/Remarks

    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.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130