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Browse More Listings in Multifamily For Sale, San Diego, CA or California

Multifamily Property For Sale

Chollas Apartments

3061 54th St., San Diego, CA 92105

Price:
$2,400,000
No. Units:
12
Building Size:
11,170 SF
Price/Unit:
$200,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
6.69%
Gross Rent Multiplier:
10.97
No. Stories:
2
Year Built:
1992
Lot Size:
18,513 SF
Tax ID / APN #:
477-333-15-00
Find Out More...

Last Verified 11/9/2009 Listing ID 15113943

Highlights

Assumable 1st mortgage at 5.85% interest
Ability to add 2nd mortgage up to 80% LTV at 6.35%
Extra large Units

Excellent cash flow
Quiet location

Description

Assumable first mortgage at 5.85% fixed for 10 years with the ability to add a second up to 80% LTV at 6.35%. 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

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Scheduled Gross Income
$218,740
Effective Gross Income
$212,178
Operating Expenses
$51,517
Net Operating Income
$160,661
Pre-Tax Cash Flow
$28,996

Description	No. Units	Avg. Mo. Rent
2BD/2BA	4	$1,200
3BD/2BA	8	$1,550

Map of 3061 54th St., San Diego, CA 92105 (San Diego County)

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Presented by

Epifany Properties, Inc.

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Contact Listing Broker

Richard St. Rose (619) 232-3687

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Created 4/28/2007

Additional Information for 3061 54th Street, San Diego, CA 92105

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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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.

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Multifamily Property For Sale - Chollas Apartments

3061 54th St., San Diego, CA, 92105