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

Multifamily Property For Sale

3859 Wilson Avenue

3859 Wilson Avenue, San Diego, CA 92104

Price:
$850,000
No. Units:
7
Building Size:
4,519 SF
Price/Unit:
$121,428.57
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.33%
Gross Rent Multiplier:
12.01
Occupancy:
100%
No. Stories:
2
Year Built:
1966
Lot Size:
5,602 SF
Tax ID / APN #:
447-462-06-00
Find Out More...

Last Verified 11/20/2009 Listing ID 16458204

Highlights

High Demand Rental Area
Turn-Key Asset with Rental Upside
On-Site Laundry Room (Owned Equipment)

Carport Parking
Extra Storage Space
Separately Metered for Gas & Electric

Description

The Wilson Avenue Apartments represents an opportunity to acquire an attractive Seven (7) unit multi-residential Building in a Central San Diego Community. This complex is centered in the heart of San Diego' s high demand rental area. This property consists of (6) 1Bdr/1Bth (1) 2Bdr/1Bth units constructed of wood framing, a stucco exterior and a Flat roof. The property has ample uncovered and covered parking spaces.

This opportunity is ideal for either an entry level investor or an investor wanting to capitalize on an asset in a stable high-demand Central San Diego County location. The new owner will enjoy the security of having the property situated amongst comparable apartment complexes, local shopping, restaurants, as well as single family homes.

Freeway 805 to University Avenue.

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$70,800
Effective Gross Income
$67,260
Operating Expenses
$21,961
Net Operating Income
$45,299
Pre-Tax Cash Flow
$8,999

Description	No. Units	Avg. Mo. Rent
1Bedroom/1Bath	6	$783
2Bedroom/1Bath	1	$1,000

Map of 3859 Wilson Avenue, San Diego, CA 92104 (San Diego County)

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Presented by

Apartment Realty Group - ARG

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Contact Listing Broker

James V. Carter (619) 222-9501

Anthony J. Mendes (619) 222-9502

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Created 11/4/2009

Additional Information for 3859 Wilson Avenue, San Diego, CA 92104

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 - 3859 Wilson Avenue

3859 Wilson Avenue, San Diego, CA, 92104