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

Multifamily Property For Sale

South 49th St. Apartments

340-342 S. 49th St., San Diego, CA 92113

Price:
$1,799,000
No. Units:
13
Building Size:
9,114 SF
Price/Unit:
$138,384.62
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
6.45%
Gross Rent Multiplier:
10.74
Occupancy:
100%
No. Stories:
2
Year Built:
1989
Lot Size:
11,194 SF
Tax ID / APN #:
547-512-31-00
Parking Ratio:
1.15 / 1,000 SF
Find Out More...

Last Verified 10/29/2009 Listing ID 16431322

Highlights

Excellent unit mix
Gated entry and parking
Plenty of covered tandem and single parking spaces

Clean on-site laundry facility
Newer building - built in 1989

Description

-excellent unit mix of 1bd/1ba, 2bd/1ba, 2bd/2ba, and 3bd/2ba units
-gated entry and parking
-plenty of covered tandem and single parking spaces
-clean on-site laundry facility
-newer building (built in 1989)

Tucked away behind the new Lincoln High School, the residents of this property enjoy the serenity of very little through traffic while still maintaining walking-distance access to I-805, bus, and trolley lines. Close to schools and San Diego Naval Air Station in a strong rental market that allows an owner to maintain high occupancy levels.

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$171,857
Effective Gross Income
$166,832
Operating Expenses
$50,795
Net Operating Income
$116,037

Description	No. Units	Avg. Mo. Rent
3-bedroom/2 bathroom	1	$1,495
2-bedroom/2-bathroom	4	$1,185
2-bedroom/1-bathroom	2	$1,175
1-bedroom/1-bathroom	6	$896

Map of 340-342 S. 49th St., San Diego, CA 92113 (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 10/13/2009

Additional Information for 340 S 49th Street, San Diego, CA 92113

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 - South 49th St. Apartments

340-342 S. 49th St., San Diego, CA, 92113