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240 W Cedar St

San Diego, CA 92101
  • $3,075,000
  • STATUS: PENDING
  • ON SITE: 17 Days
  • ID#: 220011193
Pending
UPDATED: 48 min ago
$3,075,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

6 luxury units located in the heart of Little Italy in San Diego. Unit interiors and exterior fully renovated with high end finishes. Significant upgrades include all new windows, roof and exterior siding. The unit mix consists of four (4) studios and two (2) two bedroom/1 bath units. Tenants enjoy immediate access to all the nearby bars, upscale restaurants, coffee shops and attractions Little Italy has to offer, including the Piazza della Famiglia, a 10,000 square foot European-style piazza hosting live music, farmers markets and other local events. Significant upside on existing rents. Property located in zoning allowing for hotels - potential for short term rental operations. Buyer to verify.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/128520623
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240 W Cedar St San Diego, CA 92101

  • Price: $3,075,000
  • Status: PENDING
  • On Site: 17 Days
  • Updated: 48 min ago
  • ID#: 220011193
2
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego Downtown (92101)
County:
San Diego
Area:
San Diego Downtown (92101)
Property Description
6 luxury units located in the heart of Little Italy in San Diego. Unit interiors and exterior fully renovated with high end finishes. Significant upgrades include all new windows, roof and exterior siding. The unit mix consists of four (4) studios and two (2) two bedroom/1 bath units. Tenants enjoy immediate access to all the nearby bars, upscale restaurants, coffee shops and attractions Little Italy has to offer, including the Piazza della Famiglia, a 10,000 square foot European-style piazza hosting live music, farmers markets and other local events. Significant upside on existing rents. Property located in zoning allowing for hotels - potential for short term rental operations. Buyer to verify.
Interior Features

Sq Ft Of Improvement 3080 Unit Furnished1 3 Unit Furnished2 2

Property Features

Actual Gross Scheduled Income 171650.0 Actual Operating Expense 60391 Assumable Finance 0 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 17.91 Have Apts Mandatory Remarks None Known Market Area Metro Central Motive Want Sell Unit Number1 4 Unit Number2 2

San Diego MLS logo Listing provided courtesy of Cbre. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106