Unlock a lucrative investment with this exceptional four-unit multi-family property, strategically located in a working-class neighborhood with endless demand. This well-maintained building features all two-bedroom, one-bath apartments, making it an attractive choice for a diverse range of tenants. The property is strategically located near all major freeways and is just… Read More minutes from downtown San Diego, ensuring high demand for rental units. Tenants are responsible for ALL utilities, reducing operational costs and increasing net income. The property also features 6 off street parking spaces and laundry facilities. Current ownership has recently made significant plumbing upgrades, painted the exterior and installed a new gutter system. The property generates a 5.5% cap rate at the asking price with potential to push rents even further, maximizing your investment return. Recent renovations have minimized upkeep, allowing for a hassle-free ownership experience. This is a fantastic opportunity for both seasoned investors and those looking to enter the multi-family market. Don’t miss your chance to capitalize on this profitable venture! Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Year Built
1960
MLS Number
240024687SD
30 Days Snapshot Of 92113
$
+3%
(avg) sold price
12
+300%
homes sold
82
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1960, Levels: Two, 2 stories, 2 buildings
Cooling
None
Income
Net operating income: $70,882
Tenant Pays
CableTv, Electricity, Gas, SeeRemarks, Sewer, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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