4158-4164 1/2 32nd

    San Diego, CA 92104
    • $3,125,000
    • STATUS: ACTIVE
    • ON SITE: 9 days
    • ID#: 190050085
    UPDATED: 30 min ago
    $3,125,000
    • 6
      BEDS
    • 0.16
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4158-4164 ½ 32nd Street is a nicely renovated 10-unit property located in a quiet and walk-able neighborhood of North Park. Built in 1957 and remodeled in 2016, this tastefully improved building offers its residents a desirable unit mix comprised of 7 one bedroom/one bath units and 3 two bedroom/one bath units. There is 6,264 SF of living space on a 6,978 SF lot and the property has a pitched roof. Improvements include wood laminate flooring, kitchens with new cabinets, counter tops, upgraded appliances, sinks, light fixtures, newer heaters, updated bathrooms, new tiles, ceiling fans, blinds, and updated hardware. Exterior improvements include dual pane windows, custom landscaping, 2 trellises, common area patio space with pergola cover, enhanced gated access with codes, security screen doors, quality fencing and railings, newly poured concrete entryway, brick facade, and a communal laundry room with private storage lockers that produces additional income. Located near El Cajon Blvd. and bustling 30th Street.

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    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.forsalesandiego.com/homes/98790648

    4158-4164 1/2 32nd San Diego, CA 92104

    • Price: $3,125,000
    • Status: ACTIVE
    • Updated: 30 min ago
    • ID#: 190050085
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    4158-4164 ½ 32nd Street is a nicely renovated 10-unit property located in a quiet and walk-able neighborhood of North Park. Built in 1957 and remodeled in 2016, this tastefully improved building offers its residents a desirable unit mix comprised of 7 one bedroom/one bath units and 3 two bedroom/one bath units. There is 6,264 SF of living space on a 6,978 SF lot and the property has a pitched roof. Improvements include wood laminate flooring, kitchens with new cabinets, counter tops, upgraded appliances, sinks, light fixtures, newer heaters, updated bathrooms, new tiles, ceiling fans, blinds, and updated hardware. Exterior improvements include dual pane windows, custom landscaping, 2 trellises, common area patio space with pergola cover, enhanced gated access with codes, security screen doors, quality fencing and railings, newly poured concrete entryway, brick facade, and a communal laundry room with private storage lockers that produces additional income. Located near El Cajon Blvd. and bustling 30th Street.
    Exterior Features

    Construction FrameStucco Exterior All Auto SprinklersCable AvailableMetal FencePart LandscapedSecurity BarsWood Fence Parking Spaces Parking Spaces Total 5 Roof Composition

    Interior Features

    Cooling Wall/Window Floor Coverings HardwoodTileOther/Remarks Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 6264 Stories 2 Story Units With Disposals 10 Units With Ranges 10 Units With Refrigerators 10

    Property Features

    1st Loan Balance 1875000 1st Loan Interest 3.75% Actual Cap Rate 4.24 Actual Gardener Expense 1200 Actual Gas And Electric 561 Actual Gross Operating Income 194442 Actual Gross Scheduled Income 198600 Actual Maintenance Expense 1806 Actual Operating Expense 61966 Actual Other Expense 250 Actual Pest Control Expense 480 Actual Prop Management 9675 Actual Taxes Expense 36707 Actual Total Expense 61966 Actual Trash Expense 2229 Actual Vacancy And Credit Loss 5958 Actual Water Sewer Expense 6959 Assumable Finance 0 Buildings 1 Existing Financing Clear Financial Information Source Owner Fiscal Year From 18 Fiscal Year To 19 Gross Equity 0 Gross Multiplier 15.74 Have North Park Apartments Leased Apartments 10 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 16550 Motive Want 1031 Exchange Other Income Actual 1800 Other Income Amount 1800 Other Income Source Laundry Projected Cap Rate 4.38 Projected Fl Ins Expense 2099 Projected Gross Multiplier 15.11 Projected Gross Operating Inc 202415 Projected Gross Scheduled Inc 206820 Projected Net Income 136887 Projected Operating Expense 65528 Projected Other Income 1800 Projected Vacancy And Credit Loss 6204 Short Sale No Special None Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New LoanExchange Up Unit Number1 2 Unit Number2 1 Unit Number3 4 Unit Number4 3 Unit Rent Total1 3600 Unit Rent Total2 1825 Unit Rent Total3 6400 Unit Rent Total4 4725 Unit Rent1 1800 Unit Rent2 1825 Unit Rent3 1600 Unit Rent4 1575 Unit Type Apartment Zoning R-3

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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