Investor Alert! Upgraded 4-Unit Building with 4 Garages & Laundry Room! Excellent opportunity to own a turn-key 4-unit multifamily property with strong existing cash flow and future upside potential. Each unit has been upgraded and includes stove, dishwashers, microwaves & refrigerators. The building features 4 private garages, a commercial… Read More laundry room, New 400 amp main panel with 6 meters (2 unused for future use). All electrical is new including new interior subpanels & wiring in each unit. Unit mix: 1- 3 bed/1 bath ($2285/mo), 2- 2 bed/1 bath ($1770 & $1775/mo), and 1- 1 bed/1 bath ($1795/mo). Laundry provides extra income ranging between $300-400/mo and that income is not included in the stated NOI. This property is always rented and ideally situated near schools & public transportation, making it a consistent performer in one of San Diego’s most desirable rental areas. With room to increase rents, this is a perfect addition to any portfolio for long-term, stable income, or a great owner-occ with a beautiful 3 bed unit above the garages. Don’t miss out on this great opportunity! Read Less
Property listed by M2 Real Estate & Consulting, Erin McLain 858-278-3787
Listing Snapshot
Days Online
76
Last Updated
Property Type
Other
Lot Size
0.14 Acres
Year Built
1953
MLS Number
250028724SD
30 Days Snapshot Of 92115
$858k
+5%
(avg) sold price
29
+38%
homes sold
61
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1953, Levels: Two, 2 stories, 1 building
Cooling
None, WallWindowUnits
Fence
Partial
Heating
NaturalGas
Income
Net operating income: $85,428
Lot
0.1416 acres, 6,169 square feet, Size: 6,169
Pool
None
Property
None
Roof
Composition
Spa
None
Tenant Pays
Electricity
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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