3945-51 Centre St

    San Diego, CA 92103
    • $2,590,000
    • STATUS: ACTIVE
    • ON SITE: 32 days
    • ID#: 180062156
    UPDATED: 32 min ago
    $2,590,000
    • 3
      BEDS
    • 0.18
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    A" Location + Fully renovated +Old California style = winner for long term investment apartment hold. Amazing opportunity to own a rare commercial income asset in one of San Diego best areas (w/ nice unit mix). 7 units over 3 buildings with an excellent communal compound featuring BBQ, firepit, water fountain, chaise lounge chairs and dining table. This property was completely renovated in 2017-18, sits on a quiet wide street, is located in Mission Hills/Hillcrest area/University Heights and has a walking score of 88. Apt homes feature new tankless water heaters, roofs, windows, stainless steel appliances, custom penny tile backsplash, kitchen/bath cabinets with Quartz countertops. The property has a large storage room, laundry rm w/ new coinless machines, 1 single car garage with electric garage door, security metal gating and designer landscaping + lighting. Take a tour by clicking on a couple of the 3D tours. Transferable warranties incl roofs, appliances, windows, plumbing/tankless water heaters.

    Monthly Payment Calculator

    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/89240940

    3945-51 Centre St San Diego, CA 92103

    • Price: $2,590,000
    • Status: ACTIVE
    • Updated: 32 min ago
    • ID#: 180062156
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.18
    Acres
    Neighborhood:
    Mission Hills (92103)
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    A" Location + Fully renovated +Old California style = winner for long term investment apartment hold. Amazing opportunity to own a rare commercial income asset in one of San Diego best areas (w/ nice unit mix). 7 units over 3 buildings with an excellent communal compound featuring BBQ, firepit, water fountain, chaise lounge chairs and dining table. This property was completely renovated in 2017-18, sits on a quiet wide street, is located in Mission Hills/Hillcrest area/University Heights and has a walking score of 88. Apt homes feature new tankless water heaters, roofs, windows, stainless steel appliances, custom penny tile backsplash, kitchen/bath cabinets with Quartz countertops. The property has a large storage room, laundry rm w/ new coinless machines, 1 single car garage with electric garage door, security metal gating and designer landscaping + lighting. Take a tour by clicking on a couple of the 3D tours. Transferable warranties incl roofs, appliances, windows, plumbing/tankless water heaters.
    Exterior Features

    Carports 0 Construction DrywallFrameStucco Exterior All Auto Sprinklers Parking None Parking Spaces Total 1 Roof CompositionOther/Remarks Units With Garages 0

    Interior Features

    Cooling Other Floor Coverings HardwoodVinylOther/Remarks Floors SlabWoodOther/Remarks Heating Other/Remarks Laundry Owned Sq Ft Of Improvement 3834 Stories 2 Story Unit Furnished1 0 Unit Furnished2 0 Unit Furnished3 0 Units With Dishwashers 5 Units With Disposals 7 Units With Drapes 0 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    Actual Cap Rate 4.5 Actual Gross Scheduled Income 171000 Actual Operating Expense 50000 Assumable Finance 0 Buildings 3 Complex Features Bbq Existing Financing Other/Remarks Financial Information Source Owner Gross Equity 1090000 Gross Multiplier 15 Have Units To Sell Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 13800 Motive Want Cash Out Other Income Amount 380 Other Income Source Rubs/Laund Projected Cap Rate 5 Projected Gross Multiplier 14 Projected Gross Scheduled Inc 183000 Projected Net Income 129000 Projected Operating Expense 50000 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash To New Loan Unit Number1 2 Unit Number2 3 Unit Number3 2 Unit Rent Total1 4990 Unit Rent Total2 5496 Unit Rent Total3 2990 Unit Rent1 2495 Unit Rent2 1832 Unit Rent3 1495 Unit Type Apartment

    Listing provided courtesy of Pacblu. 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.
     
    Impact Real Estate
    28693 Old Town Front St #300-C
    Temecula CA, 92590