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

Multifamily Property For Sale

1510-18 Myrtle

1510-18 Myrtle, San Diego, CA 92103

Price:
$1,998,000
No. Units:
5
Building Size:
3,584 SF
Price/Unit:
$399,600
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
4.09%
Occupancy:
100%
No. Stories:
1
Year Built:
1957
Lot Size:
16,057 SF
Tax ID / APN #:
452-331-70-00
Parking Ratio:
1 / 1,000 SF
Find Out More...

Last Verified 11/21/2009 Listing ID 16440838

Description

This opportunity sold in a two parcel combination with 1510-12 Myrtle & 1514-1518 Myrtle Avenue. Proposed sale includes 4 income producing units and an SFD home on a 16,057 sqft lot with 6 off street parking spaces. Steady cash flow in a predominantly residential neighborhood close to Balboa Park and Hillcrest. Each unit has been updated and meticulously maintained. Property may also be purchased with 1520-22 Myrtle and 1526-30 Myrtle for a total list price of $3,599,000. Please call for details. SFD home may be shown by appointment. All units shown with accepted offer. Please do not disturb Tenants, unaware of sale.

These two adjoining parcels are located within the "Marston Hills" subdivision of 92103 and located within walking distance of the San Zoo & Balboa Park. Directions - Take Park Blvd to Myrtle, west on Myrtle for two blocks.

Financial Summary

Unit Mix Information

Proforma
Year
2009
Scheduled Gross Income
$107,220
Effective Gross Income
$107,220
Operating Expenses
$16,480
Net Operating Income
$90,740

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1510 Myrtle	1	$1,450	621
1512 Myrtle	1	$1,495	621
1514 Myrtle	1	$1,495	621
1516 Myrtle - Detached Home	1	$3,000	1,100
1518 Myrtle	1	$1,495	621

Map of 1510-18 Myrtle, San Diego, CA 92103 (San Diego County)

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Presented by

Ascent Real Estate

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Contact Listing Broker

Daniel Murphy (619) 417-0154

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Created 10/21/2009

Additional Information for 1510 Myrtle Avenue, San Diego, CA 92103

Active For Sale - 1 Listing
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 - 1510-18 Myrtle

1510-18 Myrtle, San Diego, CA, 92103