4902 67th Street

    San Diego, CA 92115
    • $4,875,000
    • STATUS: ACTIVE
    • ON SITE: 248 days
    • ID#: 180013217
    UPDATED: 10 min ago
    $4,875,000
    • 7
      BEDS
    • 0.41
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Meridian @ 4902 67th Street is an 18 unit apartment complex that consists of 15,400 rentable SF situated on a 17,947 SF lot with 19 parking spaces. The unit mix consists of (1) 4 Bedroom / 2 Bath house built in the 1950s, (12) 2 Bedroom / 1 Bath units, and (5) 1 Bedroom / 1 Bath units built in different stages of the 1960s and renovated in 2017 as well as onsite laundry facilities with 3 washers and 2 dryers that are owned. There is a grass backyard with a shaded lounge area at the rear of the property. Previous ownership made significant exterior and systems upgrades. The majority of sewer lines and all water supply lines have been replaced. The property has new windows, and the units have faux wood flooring as well as new kitchens and bathrooms featuring stainless steel kitchen appliances, granite counter tops, and new cabinets, hardware and ceiling fans. The property has spacious floorplans and the units have A/C. The Meridian sits in the burgeoning Rolando Village Neighborhood near the College East Dis

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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/81559809

    4902 67th Street San Diego, CA 92115

    • Price: $4,875,000
    • Status: ACTIVE
    • Updated: 10 min ago
    • ID#: 180013217
    7
    Beds
    4
    Baths
    0
    ½ Baths
    0.41
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    The Meridian @ 4902 67th Street is an 18 unit apartment complex that consists of 15,400 rentable SF situated on a 17,947 SF lot with 19 parking spaces. The unit mix consists of (1) 4 Bedroom / 2 Bath house built in the 1950s, (12) 2 Bedroom / 1 Bath units, and (5) 1 Bedroom / 1 Bath units built in different stages of the 1960s and renovated in 2017 as well as onsite laundry facilities with 3 washers and 2 dryers that are owned. There is a grass backyard with a shaded lounge area at the rear of the property. Previous ownership made significant exterior and systems upgrades. The majority of sewer lines and all water supply lines have been replaced. The property has new windows, and the units have faux wood flooring as well as new kitchens and bathrooms featuring stainless steel kitchen appliances, granite counter tops, and new cabinets, hardware and ceiling fans. The property has spacious floorplans and the units have A/C. The Meridian sits in the burgeoning Rolando Village Neighborhood near the College East Dis
    Exterior Features

    Parking Spaces Total 18

    Interior Features

    Sq Ft Of Improvement 15400 Units With Ranges 18 Units With Refrigerators 18

    Property Features

    Actual Cap Rate 5.5 Actual Gross Operating Income 379138 Actual Gross Scheduled Income 390864 Actual Operating Expense 109310 Assumable Finance 0 Buildings 1 Gross Equity 2000000 Gross Multiplier 12.5 Have Units Leased Apartments 18 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 32572 Motive Want Sell Other Income Source Lndry/Park Projected Cap Rate 5.6 Projected Gross Multiplier 12.4 Projected Gross Operating Inc 392580 Projected Gross Scheduled Inc 396480 Projected Net Income 270137 Projected Operating Expense 110666 Short Sale No Unit Number1 1 Unit Number2 12 Unit Number3 5 Unit Rent Total1 3000 Unit Rent Total2 20292 Unit Rent Total3 7880 Unit Rent1 3000 Unit Rent2 1691 Unit Rent3 1576

    Listing provided courtesy of South Coast Commercial, 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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