HUGE PRICE REDUCTION! $350,000!!! Incredible opportunity to own a fully remodeled 8-unit multifamily property just minutes from SDSU in the rapidly growing College Area of San Diego. Each 1-bed / 1-bath unit is newly upgraded and will be delivered fully furnished, offering a turnkey investment with strong existing income. Six… Read More units are currently producing high-demand mid-term rental income, with significant upside if converted to long-term tenants, achieving a projected 6.42% cap rate at the new price of $2,250,000. The property features modern interiors, on-site laundry, 10 parking spaces, and a Walk Score of 91, providing excellent accessibility to dining, retail, and transportation. With strong cash flow, prime location, and appreciation potential, this is a rare, stabilized asset ready for both immediate income and long-term growth. On-site Coin Laundry provides additional monthly income. Read Less
Listing Snapshot
Days Online
40
Last Updated
Year Built
1962
MLS Number
250041093SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1962, 1 building, 2 stories, Levels: Two
Community
Park Name: Complex
Cooling
WallWindowUnits
Disclosures
Incorporated
Fence
Partial
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $219,872, Net Operating Income: $168,227
Roof
RolledHotMop
Taxes
Parcel Number: 4711410800
Tenant Pays
Electricity, Sewer, TrashCollection, 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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