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

Multifamily Property For Sale

San Diego 4 Plex (Price Reduced)

1404 38th Street, San Diego, CA 92105

Price:
$799,000
No. Units:
4
Building Size:
4,032 SF
Price/Unit:
$199,750
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6.78%
Occupancy:
100%
No. Stories:
2
Year Built:
1979
Lot Size:
13,939 SF
Tax ID / APN #:
540-572-18
Find Out More...

Last Verified 10/21/2009 Listing ID 16317918

Highlights

Established, long term tenants
Located minutes from downtown San Diego, Balboa Park, San Diego Zoo, Beaches, Etc
Excellent freeway access

Outstanding corner location with mature landscape
On-site reserved parking and plenty of off-site parking
Income generated from on-site storage units and co-op laundry

Description

Bring offers! Owner motivated to sell. San Diego 4 Plex with secure monthly income in an established market. Tenants have remained in their units for a long time. Reserved on-site parking and plenty of off-site parking. The property also enjoys income from four on-site storage units and co-operated laundry. Excellent corner location with mature landscape. Rent on units to increase in 6 months to income numbers shown.

Located minutes from downtown San Diego and Cornonado, the beautiful beaches of San Diego county, Balboa Park and the world renowned San Diego Zoo, this site has excellent freeway access to both the I-805 and I-94 freeways.

Financial Summary

Unit Mix Information

Proforma
Year
2009
Scheduled Gross Income
$72,000
Operating Expenses
$17,867
Net Operating Income
$54,133
Pre-Tax Cash Flow
$54,133

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
3 Bedroom, 2 Bath	1	$1,400	1,200
2 Bedroom, 1 Bath	3	$1,250	900
Storage Units	4	$150	900
Coin-operated Laundry	1	$100	900

Map of 1404 38th Street, San Diego, CA 92105 (San Diego County)

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Presented by

Commercial Facilities, Inc.

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Contact Listing Broker

Paula Danker, CCIM (619) 417-5700

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Created 7/15/2009

Additional Information for 1404 38th Street, San Diego, CA 92105

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 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 - San Diego 4 Plex (Price Reduced)

1404 38th Street, San Diego, CA, 92105