880 39th

    San Diego, CA 92102
    • $1,100,000
    • STATUS: ACTIVE
    • ON SITE: 2 days
    • ID#: 180066611
    New On Site 2 Days Ago
    $1,100,000
    • 7
      BEDS
    • 0.38
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The 39th & Hilltop Homes- a 5 unit community located in the Mount Hope neighborhood of San Diego. Situated on two separate parcels (APN's 541-631-16-00 and 541-631-20-00) totaling 16,544 square feet the property consists of one 3 Bedroom/2 Bath Detached House built in 1932 & four 4 Bedroom/1 Bath Apartments built in 1980. The house was originally built as a 2 Bedroom/1 Bath house but had a non permitted addition to add a bedroom and a bathroom. An opportunity exists for a new owner to raise rents as is or remodel to maximize income.

    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/89914083

    880 39th San Diego, CA 92102

    • Price: $1,100,000
    • Status: ACTIVE
    • ID#: 180066611
    7
    Beds
    3
    Baths
    0
    ½ Baths
    0.38
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    The 39th & Hilltop Homes- a 5 unit community located in the Mount Hope neighborhood of San Diego. Situated on two separate parcels (APN's 541-631-16-00 and 541-631-20-00) totaling 16,544 square feet the property consists of one 3 Bedroom/2 Bath Detached House built in 1932 & four 4 Bedroom/1 Bath Apartments built in 1980. The house was originally built as a 2 Bedroom/1 Bath house but had a non permitted addition to add a bedroom and a bathroom. An opportunity exists for a new owner to raise rents as is or remodel to maximize income.
    Interior Features

    Sq Ft Of Improvement 5749 Unit Furnished1 0

    Property Features

    Actual Cap Rate 4.63 Actual Cash Flow 8363 Actual Cash On Cash 1.90 Actual Gardener Expense 600 Actual Gross Operating Income 80898 Actual Gross Scheduled Income 83400 Actual License Expense 150 Actual Maintenance Expense 4250 Actual Operating Expense 30018 Actual Prop Management 4045 Actual Taxes Expense 12994 Actual Total Expense 30018 Actual Total Pi Pay 42516 Actual Vacancy And Credit Loss 2502 Actual Water Sewer Expense 6105 Assumable Finance 0 Buildings 2 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 13.19 Have Real Estate Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 6950 Motive Want Sell Projected Annual Pi Expense 42516 Projected Cap Rate 5.68 Projected Cash Flow 19947 Projected Cash On Cash 4.54 Projected Fl Ins Expense 1874 Projected Fl Ins Expense1 1874 Projected Gardener Expense 600 Projected Gross Multiplier 11.46 Projected Gross Operating Inc 93120 Projected Gross Scheduled Inc 96000 Projected License Expense 150 Projected Maintenance Expense 4250 Projected Net Income 62491 Projected Operating Expense 30629 Projected Property Mgmt Expense 4250 Projected Taxes Expense 12994 Projected Total Expense 30629 Projected Vacancy And Credit Loss 2880 Projected Water And Sewer Expense 6105 Short Sale No Unit Number1 1 Unit Number2 4 Unit Rent Total1 1350 Unit Rent Total2 5600 Unit Rent1 1350 Unit Rent2 1400

    Listing provided courtesy of Acre Investment Real Estate. 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.
     
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    3525 Del Mar Heights Rd, Suite 224
    San Diego CA, 92130