4286 Morrell St

    San Diego, CA 92109
    • $1,375,000
    • STATUS: ACTIVE
    • ON SITE: 275 days
    • ID#: 180012829
    UPDATED: 74 min ago
    $1,375,000
    • 6
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4286-88 Morrell Street is a six (6) unit multifamily property located in the heart of Pacific Beach. The 4,278 square foot property is comprised of six studio apartments. All units have been upgraded with new cabinetry, refrigerators, tile flooring, and one unit has been refitted with a newly remodeled kitchen and bath. in addition, the property has recently been repainted. This property is an opportunity for an investor to purchase a solid investment in a strong rental sub market. With upside in rents, and the possibility to maximize rental income by converting to vacation rentals, the owner will enjoy the security of having a property that is destined to maintain its desirability and increase in value over time. This offering is perfect for a long-term investor seeking a multifamily investment in a premier San Diego 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/81491027

    4286 Morrell St San Diego, CA 92109

    • Price: $1,375,000
    • Status: ACTIVE
    • Updated: 74 min ago
    • ID#: 180012829
    6
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    4286-88 Morrell Street is a six (6) unit multifamily property located in the heart of Pacific Beach. The 4,278 square foot property is comprised of six studio apartments. All units have been upgraded with new cabinetry, refrigerators, tile flooring, and one unit has been refitted with a newly remodeled kitchen and bath. in addition, the property has recently been repainted. This property is an opportunity for an investor to purchase a solid investment in a strong rental sub market. With upside in rents, and the possibility to maximize rental income by converting to vacation rentals, the owner will enjoy the security of having a property that is destined to maintain its desirability and increase in value over time. This offering is perfect for a long-term investor seeking a multifamily investment in a premier San Diego location.
    Exterior Features

    Construction Other/Remarks

    Interior Features

    Sq Ft Of Improvement 1560

    Property Features

    Actual Cap Rate 3.18 Actual Gardener Expense 900 Actual Gas And Electric 1800 Actual Gross Scheduled Income 73440 Actual Maintenance Expense 2400 Actual Operating Expense 27505 Actual Taxes Expense 16083 Assumable Finance 0 Gross Equity 0 Gross Multiplier 18.72 Have 0 Mandatory Remarks None Known Market Area Coastal South Motive Want 1031 Exchange Projected Cap Rate 4.41 Projected Gardener Expense 900 Projected Gas And Electric 1800 Projected Gross Multiplier 14.98 Projected Gross Scheduled Inc 91800 Projected Maintenance Expense 2400 Projected Net Income 43732 Projected Taxes Expense 16083 Projected Total Expense 28395 Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Rent1 1100 Unit Rent2 1100 Unit Rent3 980 Unit Rent4 980 Unit Rent5 980 Unit Rent6 980

    Listing provided courtesy of Marcus & Millichap. 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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