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

Multifamily Property For Sale - In Contract

4742-50 35th St

4742-50 35th St, San Diego, CA 92116

Price:
$1,925,000
No. Units:
14
Building Size:
10,838 SF
Price/Unit:
$137,500
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.35%
Gross Rent Multiplier:
11.48
Occupancy:
100%
No. Stories:
2
Year Built:
1985
Lot Size:
0.28 AC
Find Out More...

Last Verified 11/18/2009 Listing ID 16455007

Highlights

Built 1985 Condo Quality
Great Unit Mix
Tandem Garages

North of Adams Ave Location
W/D Hookups in Each Unit
Two Parcels

Description

The subject property is a 14 unit apartment property located at 4742 and 4750 35th Street in Normal Heights, San Diego, CA. The two buildings consist of two, two bedroom/two baths, eight, two bedroom/one bath, and four, one bedroom/one bath and four tandem garages. Other attributes include, washer/dryer hookups in each unit, built in 1985 as condos, newer roof, all electric building except for gas to two water heaters, two - seven unit buildings on separate parcels, and north of Adams Avenue location.

North of Adams Ave in Normal Heights.

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$167,640
Effective Gross Income
$162,611
Operating Expenses
$59,689
Net Operating Income
$102,922

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
2 bdrm/2 bath	2	$1,175	928
2 bdrm/1 bath	8	$1,025	807
1 bdrm/1 bath	4	$850	609

Map of 4742-50 35th St, San Diego, CA 92116 (San Diego County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Raymond Choi (858) 373-3136

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Created 11/2/2009

Additional Information for 4742 35th Street, San Diego, CA 92116

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

4742-50 35th St, San Diego, CA, 92116