Active
$2,995,000
12%
4 Units
8 Beds
8 Baths
n/a Area(sq.ft.)
Lot: 5,327 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | $ 2,900 | $ 2,900 | $ 3,300 | |
| Unit 2 | 1 | 2 | 2 | $ 2,900 | $ 2,900 | $ 3,300 | |
| Unit 3 | 1 | 2 | 2 | $ 2,488 | $ 2,488 | $ 3,300 | |
| Unit 4 | 1 | 2 | 2 | $ 2,488 | $ 2,488 | $ 3,300 | |
| 4 | 8 | 8 | $ 10,776 | $ 10,776 | $ 13,200 |
| MLS #: | 230022316SD |
| Days On Market: | 762 |
| Listing Date: | November 13, 2023 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 748,750 |
| Year Built: | 1992 |
Property Details
A rare opportunity to own an amazing multifamily investment property in beautiful Point Loma, one of the most sought-after areas in San Diego. This never-before-listed gem, custom-built in 1992 on a corner lot, speaks to comfort and functionality. Each of the four units consist of two bedrooms and two full bathrooms, with one of the bathrooms being a primary en suite. Residents will enjoy the convenience of an indoor washer and dryer, a cozy gas fireplace, a wet bar, a private balcony, ample closet space throughout, and an abundance of natural light streaming through the expansive windows and skylights. They are all a generous 1,055 square feet and the top two units have vaulted ceilings which provide an even more spacious feel. An ideal and invaluable feature of this property is its gated subterranean garage with a parking spot and additional storage closet for each unit. The property s driveway also allows for tandem parking and leads to a small communal area featuring a brick BBQ. An added perk? Each of the four units is equipped with its own water meter, ensuring autonomy and efficiency. Located just blocks from tranquil Shelter Island and only minutes from an array of shopping, dining, schools, and local attractions, this property offers a unique chance to own a prime piece of real estate in one of San Diego s highly desirable locales. Don t let it pass you by!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Total Annual Expense: | $ 10,117 |
| Net Operating Income: | $ 119,195 |
| Cap Rate: | 3.98% |
| Gross Rent Multiplier: | 23.16 |
Structure
| Amenities: | Assoc Barbecue, BBQ |
| Levels: | Two |
| Complex Name: | N/A |
| Security Features: | None |
| Sewer: | Sewer Connected |
| Water: | Meter on Property, Other |
Land & Parking
| Zoning: | R-4 |
Interior
| AC/Cooling: | None |
| Heating: | Fireplace, Forced Air, Natural Gas |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
