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Chollas Apartments
3061 54th St., San Diego, CA 92105
N/A
12
11,170 SF
Multifamily
Garden/Low-Rise
Investment
2%
7%
10.31
2
1992
18,513 SF
477-333-15-00
-
Last Verified 7/17/2011
Listing ID 15113943
Highlights
Assumable 1st mortgage at 5.85 % interest- Ability to add 2nd mortgage up to 80% LTV at a lower interest rate
- than the first mortgage
- Excellent cash flow
- Quiet location
Description
Assumable first mortgage at 5.85% fixed for 10 years with the ability to add a second mortgage up to 80% LTV at a lower interest rate than the first mortgage. Property is newer construction (built in 1992) and has an excellent unit mix of 8 large 3bd/2ba and 4 large 2bd/2ba. Tenants do not know that property is for sale; please do not disturb.
Quiet residential area and great income. Buyer to cooperate with Seller's 1031 exchange at no cost to Buyer
Map of 3061 54th St., San Diego, CA 92105 (San Diego County)
Created 4/28/2007
Additional Information for 3061 54th Street, San Diego, CA 92105
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO