3707 Hilltop Drive

    Lemon Grove, CA 91945
    • $2,199,000
    • STATUS: ACTIVE
    • ON SITE: 6 days
    • ID#: 190002414
    New On Site 6 Days Ago
    UPDATED: 146 min ago
    $2,199,000
    • 6
      BEDS
    • 0.38
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    3707 Hilltop Drive is a 9 unit apartment building consisting of eight (8) Townhome style 2 Bed / 1.5 Bath units, and one (1) Large 2 Bed / 1 Bath flat unit. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------This property has been well maintained and extensively upgraded in last 5 years. Permanent advantages with this investment include townhome style units (fewer common walls = happy tenants), superior parking (22 spaces), low traffic residential street, views for miles, concrete driveways, tankless water heater, Air conditioning units, and units are separately metered for gas & electric. --------------------------------------------------------------------------------------------All these upgrades will result in lower operating costs for new owner/investor.

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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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.farlandrealty.com/homes/90795800

    3707 Hilltop Drive Lemon Grove, CA 91945

    • Price: $2,199,000
    • Status: ACTIVE
    • Updated: 146 min ago
    • ID#: 190002414
    6
    Beds
    5
    Baths
    0
    ½ Baths
    0.38
    Acres
    Neighborhood:
    Lemon Grove (91945)
    County:
    San Diego
    Area:
    Lemon Grove (91945)
    Property Description
    3707 Hilltop Drive is a 9 unit apartment building consisting of eight (8) Townhome style 2 Bed / 1.5 Bath units, and one (1) Large 2 Bed / 1 Bath flat unit. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------This property has been well maintained and extensively upgraded in last 5 years. Permanent advantages with this investment include townhome style units (fewer common walls = happy tenants), superior parking (22 spaces), low traffic residential street, views for miles, concrete driveways, tankless water heater, Air conditioning units, and units are separately metered for gas & electric. --------------------------------------------------------------------------------------------All these upgrades will result in lower operating costs for new owner/investor.
    Exterior Features

    Construction DrywallStuccoOther/Remarks Parking CarportsSpaces Parking Spaces Total 22 Units With Garages 0

    Interior Features

    Cooling Wall/Window Floor Coverings HardwoodTileVinylWall To Wall Carpet Heating Wall Laundry Leased Sq Ft Of Improvement 8892 Stories 2 Story Unit Furnished1 0 Unit Furnished2 0 Unit Furnished3 0 Units With Dishwashers 9 Units With Disposals 9 Units With Drapes 0 Units With Ranges 9 Units With Refrigerators 9

    Property Features

    Actual Cap Rate 4.9 Actual Cash On Cash 3.2 Actual Gross Scheduled Income 159180 Actual Operating Expense 48450 Assumable Finance 0 Buildings 1 Gross Equity 2199999 Gross Multiplier 13.8 Have 9 Clean Townhomes Leased Apartments 9 Mandatory Remarks None Known Market Area East County Monthly Rent Total 13265 Motive Want 1031 Exchange Other Income Actual 900 Other Income Amount 75 Other Income Source Laundry Projected Cap Rate 5.8 Projected Cash On Cash 5.5 Projected Gross Multiplier 12.4 Projected Gross Scheduled Inc 17760 Projected Other Income 1000 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric 9 Tenant Pays Gas 9 Tenant Pays Water 0 Unit Number1 6 Unit Number2 2 Unit Number3 1 Unit Rent Total1 8485 Unit Rent Total2 3230 Unit Rent Total3 1475 Unit Rent1 1414 Unit Rent2 1615 Unit Rent3 1475 Unit Type Townhouse

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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