2926 5th

    San Diego, CA 92103
    • $2,199,000
    • STATUS: ACTIVE
    • ON SITE: 19 days
    • ID#: 180064235
    UPDATED: 33 min ago
    $2,199,000
    • 6
      BEDS
    • 0.11
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    5th Avenue Villas is located in the heart of the Hillcrest/Bankers Hill area and only 1 block from Balboa Park. The property was beautifully remodeled in 2015. Interior renovations include all new gourmet kitchens with granite countertops, new cabinets, travertine backsplashes, stainless steel appliances, personal laundry hookups, paint, and hardwood floors. The bathrooms were remodeled with new travertine tile bath surrounds, pedestal sink, and new bath fixtures. The original hardwood floors have been restored throughout the units. Residents also enjoy walk in closets. New combo AC/Heating units were also installed for all tenants. The exterior improvements include new paint, landscape, new garage doors, and new monument signage. There are 4 garages + extra on-site parking for the residents. Tenants enjoy Balboa Park as their backyard. Truly a gem in an unbeatable location.

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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 © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.impactca.com/homes/89558060

    2926 5th San Diego, CA 92103

    • Price: $2,199,000
    • Status: ACTIVE
    • Updated: 33 min ago
    • ID#: 180064235
    6
    Beds
    5
    Baths
    0
    ½ Baths
    0.11
    Acres
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    5th Avenue Villas is located in the heart of the Hillcrest/Bankers Hill area and only 1 block from Balboa Park. The property was beautifully remodeled in 2015. Interior renovations include all new gourmet kitchens with granite countertops, new cabinets, travertine backsplashes, stainless steel appliances, personal laundry hookups, paint, and hardwood floors. The bathrooms were remodeled with new travertine tile bath surrounds, pedestal sink, and new bath fixtures. The original hardwood floors have been restored throughout the units. Residents also enjoy walk in closets. New combo AC/Heating units were also installed for all tenants. The exterior improvements include new paint, landscape, new garage doors, and new monument signage. There are 4 garages + extra on-site parking for the residents. Tenants enjoy Balboa Park as their backyard. Truly a gem in an unbeatable location.
    Exterior Features

    Construction FrameStucco Exterior Part FencedPart Landscaped Parking GaragesSpaces Parking Spaces Total 7 Units With Garages 4

    Interior Features

    Cooling Wall/Window Floor Coverings Hardwood Heating Wall Sq Ft Of Improvement 3440 Stories 2 Story Units With Dishwashers 5 Units With Refrigerators 5

    Property Features

    Actual Cap Rate 3.9 Actual Cash Flow 15741 Actual Gross Operating Income 123598 Actual Gross Scheduled Income 126120 Actual Operating Expense 38233 Actual Total Pi Pay 69624 Actual Vacancy And Credit Loss 2522 Assumable Finance 0 Buildings 2 Existing Financing Conventional Financial Information Source Limited InfoOwner Fiscal Year From 17 Fiscal Year To 18 Gross Equity 1350000 Gross Multiplier 17.4 Have 5 Prime Hillcrest Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 10510 Motive Want Sale Projected Annual Pi Expense 69624 Projected Cap Rate 4.5 Projected Cash Flow 29735 Projected Gross Multiplier 15.7 Projected Gross Operating Inc 137592 Projected Gross Scheduled Inc 140400 Projected Net Income 99359 Projected Operating Expense 38233 Projected Vacancy And Credit Loss 2808 Sq Ft Source Buyer To VerifyTax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 2400 Unit Rent Total2 2295 Unit Rent Total3 2045 Unit Rent Total4 1995 Unit Rent Total5 1775 Unit Rent1 2400 Unit Rent2 2295 Unit Rent3 2045 Unit Rent4 1995 Unit Rent5 1775 Unit Type Apartment

    Listing provided courtesy of Apartment Consultants, Inc.. Listing information © 2018 San Diego MLS, Inc.
    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 © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
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