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

Multifamily Property For Sale

4230 44th St.

4230 44th St., San Diego, CA 92115

Price:
$1,350,000
No. Units:
13
Building Size:
5,772 SF
Price/Unit:
$103,846.15
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.19%
Gross Rent Multiplier:
10.96
Occupancy:
100%
No. Stories:
2
Year Built:
1982
Lot Size:
6,000 SF
Tax ID / APN #:
471-230-18-00
Find Out More...

Last Verified 10/22/2009 Listing ID 16157924

Highlights

Elderly and handicapped-can accommodate retiring baby boomers
Close to transportation, schools, and shops
Immediate upside in rents

Gated Community
On-Site Laundry
Excellent rental income, professionally managed

Description

13 units in City Heights. Elderly and handicapped conditional use permit is ideal for attracting maturing baby boomer tenants. This property stays close to 100% occupancy. Close to transportation, shops and schools.

City Heights continues to undergo significant redevelopment. As the area improves, so does the prospect of higher returns by investing there.

Attachments

Enhanced Listing Web Site

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$142,200
Effective Gross Income
$139,934
Operating Expenses
$45,191
Net Operating Income
$97,009

Description	No. Units	Avg. Mo. Rent
2-bedroom	1	$1,050
1-bedroom	12	$900

Map of 4230 44th St., San Diego, CA 92115 (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 3/21/2009

Additional Information for 4230 44th Street, San Diego, CA 92115

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 2 RecentSales Records

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 - 4230 44th St.

4230 44th St., San Diego, CA, 92115