We are pleased to present Monroe Place, an 8-unit, extremely well-maintained apartment building in the highly gentrifying Normal Heights neighborhood of San Diego, California. Units are composed of three 2-bedroom / 1-baths at 742 square feet and five 1-bedroom / 1-baths at 550 square feet on a single 6,772 square… Read More foot lot. Half of the units have received moderate to highest-end upgrades within the last 3 years (#1 & #4 have received highest tier improvements) while the remainder have been upgraded and very well maintained within the last 10 years and still have substantial upside in rents. The property has been fine-tuned under high-care, hands-on local ownership. There are 3 off-street parking spaces, four single car garages, and an on-site laundry room. The roof was replaced last year, plumbing has been fully removed and replaced with easy accessibility between the first and second floors and dual pane windows have been installed for energy efficiency. Units feature granite and quartz countertops, ceramic tile and laminate flooring, recessed lighting, newer appliances, 4 units feature new cabinetry and select units include new vanities and carpet in the bedrooms. Five units include either mini-splits or wall-mounted A/C. Exterior stucco includes fine stone finishes, painted wall art, stone walk-ways lush landscaping. Balconies could be added to units #s 4,5,6,7 while patios could be added to unit #s 1,2,3. Kitchens could all be open-plan and in-unit under-counter laundry could be inserted to all units. Read Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Mixed Use
Lot Size
0.16 Acres
MLS Number
250000053SD
30 Days Snapshot Of 92116
$1,574k
+34%
(avg) sold price
5
-79%
homes sold
55
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Stone, Stucco
Cooling
WallWindowUnits
Expenses
Operating expense: $71,010
Heating
WallFurnace
Income
Net operating income: $149,467
Lot
0.1555 acres, 6,772 square feet, Size: 6,772
Parking
1 carport space, 8 totals parking
Roof
TarGravel
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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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