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

Multifamily Property For Sale

Residential Income

4560 35th Street, San Diego, CA 92116

Price:
$679,999
No. Units:
4
Building Size:
3,072 SF
Price/Unit:
$169,999.75
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
5.10%
Occupancy:
100%
No. Stories:
2
Year Built:
1943
Lot Size:
6,800 SF
Tax ID / APN #:
447-020-28-00
Parking Ratio:
1.50 / 1,000 SF
Find Out More...

Last Verified 11/20/2009 Listing ID 15274755

Highlights

Good Location
Well Maintained
Positive Cash Flow

Individually Metered
All 2 Bedroom Units
Plenty of Parking

Description

Price Reduction. Entertaining All Offers. FOUR TWO BEDROOM UNITS WITH A TWO CAR GARAGE AND PLENTY OF PARKING. HERE IS A GREAT OPPORTUNITY TO MAKE SOME GOOD CASH WITH A REASONABLE TURNAROUND. ALL UNITS ARE CLEAN AND WELL MAINTAINED WITH INDIVIDUAL ELECTRIC METERS. THERE IS A DETACHED TWO CAR GARAGE PLUS SEVERAL OFF-STREET PARKING SPACES. A TENTATIVE MAP HAS BEEN APPROVED BY THE PLANNING COMMISSION WITH NO CONDITIONS. 4-6 WEEKS AND WE WILL HAVE THE STAMP AND THIS BUILDING WILL BE READY TO START THE FINALIZATION PROCESS. YOU CAN FINISH THE SUBDIVISON MAP NOW AND RE-SELL THE INDIVIDUAL UNITS OR HOLD ON TO THIS PROPERTY FOR HUGE FUTURE PROFIT POTENTIAL.

Several communities and streets in this area of San Diego have been graced with a neon sign above the road giving name to the neighborhood or the street. This includes Normal Heights as well as the two communities on either side, Kensington Park and University Heights. Property sits just south of Adams Ave Business District. Annual events along this street include; Adams Ave Roots Festival in April, Taste of Adams Ave in May, Adams Ave Street Fair in September, Holiday on teh Avenue in December.

Financial Summary

Unit Mix Information

Actual
Effective Gross Income
$47,940
Net Operating Income
$40,860

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
2 BD 1 BA	1	$700	768
2 BD 1 BA	1	$700	768
2 BD 1 BA	1	$900	768
2 BD 1 BA	1	$950	768

Map of 4560 35th Street, San Diego, CA 92116 (San Diego County)

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Created 8/6/2007

Additional Information for 4560 35th Street, San Diego, CA 92116

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 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.

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 - Residential Income

4560 35th Street, San Diego, CA, 92116