4235 Altadena Avenue

    San Diego, CA 92115
    • $1,700,000
    • STATUS: ACTIVE
    • ON SITE: 6 days
    • ID#: 190002283
    New On Site 6 Days Ago
    UPDATED: 190 min ago
    $1,700,000
    • 6
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 4235 Altadena Avenue which is an 8 unit Huffman apartment property consisting of three 2 Bed / 1 Bath units, and five 1 Bed / 1 Bath units with two double garages and owned laundry facilities. The property consists of 5,105 SF of structure built in 1970 and situated on a 6,251 SF lot. Several units have been remodeled, plumbing re-routed, and there are new fences and exterior paint. All units feature new bathtubs and there are parking spaces in addition to the garages. There is significant upside in the rents. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.farlandrealty.com/homes/90772447

    4235 Altadena Avenue San Diego, CA 92115

    • Price: $1,700,000
    • Status: ACTIVE
    • Updated: 190 min ago
    • ID#: 190002283
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    We are pleased to present 4235 Altadena Avenue which is an 8 unit Huffman apartment property consisting of three 2 Bed / 1 Bath units, and five 1 Bed / 1 Bath units with two double garages and owned laundry facilities. The property consists of 5,105 SF of structure built in 1970 and situated on a 6,251 SF lot. Several units have been remodeled, plumbing re-routed, and there are new fences and exterior paint. All units feature new bathtubs and there are parking spaces in addition to the garages. There is significant upside in the rents. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.
    Exterior Features

    Parking Spaces Total 4 Units With Garages 2

    Interior Features

    Sq Ft Of Improvement 5105 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 4.4 Actual Gross Operating Income 116691 Actual Gross Scheduled Income 120300 Actual Operating Expense 42024 Actual Vacancy And Credit Loss 3609 Assumable Finance 0 Buildings 1 Gross Equity 1000000 Gross Multiplier 14.1 Have Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 10025 Motive Want Sell Projected Cap Rate 6 Projected Gross Multiplier 11.5 Projected Gross Operating Inc 143172 Projected Gross Scheduled Inc 147600 Projected Operating Expense 42024 Projected Vacancy And Credit Loss 4428 Short Sale No Unit Number1 1 Unit Number2 2 Unit Number3 2 Unit Number4 3 Unit Rent Total1 1600 Unit Rent Total2 2900 Unit Rent Total3 2300 Unit Rent Total4 3075 Unit Rent1 1600 Unit Rent2 1450 Unit Rent3 1150 Unit Rent4 1025

    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.
     
    Farland Realty | MM Farland Inc.
    3525 Del Mar Heights Rd, Suite 224
    San Diego CA, 92130