2188 San Diego Avenue

    San Diego, CA 92110
    • $5,390,000
    • STATUS: ACTIVE
    • ON SITE: 4 days
    • ID#: 180066329
    New On Site 4 Days Ago
    $5,390,000
    • 1
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Solis place is a 21 unit apartment building that has undergone full renovations in 2017. There are all new electrical pipes, wires, breakers, plugs and switches, new wall studs, beams, doors and windows. Each unit is completely furnished with new cabinets, flooring and appliances. The 7,768 SF property is professionally managed by the seller, who will continue to manage after the sale unless otherwise stated. The listing price is $5,390,000 with a cap rate of 4.57%. Gross income per unit is $18,008/Year. Please visit the property but do not disturb the tenants! Please call Marc Shapori at 858-531-8434 with any questions, or email at mshapori@naisandiego.com.

    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. Licensed in the state of California.
    www.farlandrealty.com/homes/89881382

    2188 San Diego Avenue San Diego, CA 92110

    • Price: $5,390,000
    • Status: ACTIVE
    • ID#: 180066329
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    Neighborhood:
    Old Town Sd (92110)
    County:
    San Diego
    Area:
    Old Town Sd (92110)
    Property Description
    Solis place is a 21 unit apartment building that has undergone full renovations in 2017. There are all new electrical pipes, wires, breakers, plugs and switches, new wall studs, beams, doors and windows. Each unit is completely furnished with new cabinets, flooring and appliances. The 7,768 SF property is professionally managed by the seller, who will continue to manage after the sale unless otherwise stated. The listing price is $5,390,000 with a cap rate of 4.57%. Gross income per unit is $18,008/Year. Please visit the property but do not disturb the tenants! Please call Marc Shapori at 858-531-8434 with any questions, or email at mshapori@naisandiego.com.
    Exterior Features

    Construction Drywall Exterior Cable Available Parking Spaces Roof Tile

    Interior Features

    Cooling Central Forced Air Elec Floor Coverings Tile Heating Central Forced Air Elec Sq Ft Of Improvement 7417 Stories Tri-Level Unit Furnished1 Y Unit Furnished2 Y Units With Ranges 21 Units With Refrigerators 21

    Property Features

    Actual Cap Rate 4.57 Actual Cash Flow $52143/Year Actual Gross Operating Income $358675/Year Actual Gross Scheduled Income 362964 Actual Maintenance Expense $10108/Year Actual Operating Expense $118156/Year Actual Supplies Expense $2000/Year Actual Taxes Expense $66000/Year Actual Total Expense $118156/Year Actual Vacancy And Credit Loss $7564/Year Assumable Finance 0 Buildings 1 Gross Equity 5390000 Gross Multiplier 14.25 Have N/A Mandatory Remarks None Known Market Area Metro Monthly Rent Total 30247 Motive Want Retiring Projected Fl Ins Expense $3787/Year Short Sale No Unit Number1 7 Unit Number2 14 Unit Rent1 $1571 Unit Rent2 $1375

    Listing provided courtesy of Nai San Diego. 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. Licensed in the state of California.
     
    Farland Realty | MM Farland Inc.
    3525 Del Mar Heights Rd, Suite 224
    San Diego CA, 92130