838-848 41st Street

    San Diego, CA 92102
    • $1,324,999
    • STATUS: ACTIVE
    • ON SITE: 23 days
    • ID#: 180048026
    UPDATED: 153 min ago
    $1,324,999
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The 41st Street apartments consists of three duplexes, each containing one 3BR/1BA and one 2BR/1BA unit. This property is extremely well located to the south and east of the rapidly gentrifying areas of Logan Heights, Sherman Heights and City Heights. The duplexes are situated on a large, 9,628sqft lot, with 4,440sqft of improved space and pitched composition shingle roofs. It features a highly desirable unit mix with three 3BR/1BA's and 3 2BR/1BA's. Tenants enjoy a private and fenced patio for each unit, communal laundry room, hard surface interiors and updated kitchens. The property has further upside through an extensive remodel, rents are currently below what the area will support for a renovated unit.

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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/86936462

    838-848 41st Street San Diego, CA 92102

    • Price: $1,324,999
    • Status: ACTIVE
    • Updated: 153 min ago
    • ID#: 180048026
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    The 41st Street apartments consists of three duplexes, each containing one 3BR/1BA and one 2BR/1BA unit. This property is extremely well located to the south and east of the rapidly gentrifying areas of Logan Heights, Sherman Heights and City Heights. The duplexes are situated on a large, 9,628sqft lot, with 4,440sqft of improved space and pitched composition shingle roofs. It features a highly desirable unit mix with three 3BR/1BA's and 3 2BR/1BA's. Tenants enjoy a private and fenced patio for each unit, communal laundry room, hard surface interiors and updated kitchens. The property has further upside through an extensive remodel, rents are currently below what the area will support for a renovated unit.
    Interior Features

    Baths Unit1 1 Baths Unit2 1 Bedrooms Unit1 3 Bedrooms Unit2 2 Sq Ft Of Improvement 4440 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    Actual Cap Rate 5.17 Actual Gross Operating Income 100733 Actual Gross Scheduled Income 103848 Actual Operating Expense 32181 Actual Vacancy And Credit Loss 3115 Assumable Finance 0 Buildings 3 Complex Features Other/Remarks Gross Equity 1325000 Gross Multiplier 12.8 Have 6 Units Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 8654 Motive Want Exchange Out Other Income Amount 104 Other Income Source Laundry Projected Cap Rate 5.81 Projected Gross Multiplier 11.8 Projected Gross Operating Inc 109112 Projected Gross Scheduled Inc 112487 Projected Net Income 76932 Projected Operating Expense 32181 Projected Vacancy And Credit Loss 3375 Unit Number1 3 Unit Number2 3 Unit Rent Total1 4725 Unit Rent Total2 3825 Unit Rent1 1575 Unit Rent2 1275

    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