Photo of Team Bennett + Bennett

Team Bennett + Bennett

DRE# 01382469, 01948696

858.353.4436



$3,975,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 190002342

Description

LOCATION, LOCATION, LOCATION!!! University Heights on the border of Hillcrest, North of Washington St. The Vermont Street bridge is just around the corner. Great walkability and convenience with most major services within one mile. Built in 1952, this 8252sft. apartment building consists of 12 units. The unit mix is eight 1bdrm/1ba and four 2bdrm/1ba apartments. The one bedroom units come in two different floorplans. Features of the U shaped building include: charming central courtyard, spacious windows, each unit has four closets and hardwood floors, vintage style kitchens, baths, and cabinetry. Good airflow in the units with front and back doors. Patios or decks provide private outdoor spaces. Plenty of open space behind the building, off the alley. On-site laundry facilities. Great tenant stability with room for significant rental upside.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1952
Number of Buildings:
1
Number of Stories:
2

Location

County:
San Diego

Directions

163 to Washington St. East. Left on Cleveland. Left on Tyler.

Additional Details

Number of Units:
12
Number of Stories:
2
Total Monthly Rent:
$19,000
Price Per Unit:
$331,250
Down Payment:
$2,000,000
Gross Equity:
$100
SqFt of Improvement:
8,252
Lot Size:
.25 Acres or less
Lot Square Footage:
10,749
Assessors Parcel #:
445-460-29-00
Zoning:
R-3
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Drapes:
12
Units with Ranges:
12
Units with Refrigerator:
12
Exterior:
Part Landscaped, Wood Deck
Heating Equipment:
Wall
Roof:
Composition
Laundry:
Owned

Unit Details

Unit 1
Number of Units:
8
Number of Bedrooms:
8
Number of Baths:
8
Rent:
$1,450
Unit Rental Total:
$11,600
Unit 2
Number of Units:
4
Number of Bedrooms:
8
Number of Baths:
4
Rent:
$1,850
Unit Rental Total:
$7,400

Features

Floor Coverings:
Hardwood, Tile, Vinyl, Wall to Wall Carpet
Construction Features:
Stucco
Laundry Utilities:
Owned

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University Heights

University Heights is a neighborhood in Central San Diego, bordered by Hillcrest, Normal Heights, and North Park. The neighborhood has a number of restaurants, coffee shops, boutiques, and artist studios primarily on Park Boulevard and Adams Avenue. Homes in the area range from Craftsman cottages, apartments and condominiums, to million-dollar homes. Due to its central location, it's just ... Read More

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Presented By
Team
Bennett
+
Bennett

DRE# 01382469, 01948696

858.353.4436

Email Us
Presented By
Team
Bennett
+
Bennett

DRE# 01382469, 01948696

858.353.4436

Email Us

Willis Allen Real EstateThis 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 Sandicor®. 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 © 2019 Sandicor®, Inc.