Highest Cap Rate (5.07%) and Lowest GRM (12.9) available right now in North Park, San Diego. Well maintained building with interiors featuring vinyl flooring, tile counters and updated stainless appliances in most units. 5 out of 7 units are 2 bedroom, 2 baths with master ensuite baths along with 2,… Read More one bed, one bath units. Laundry room on-site for additional income. The building is located one block away from University Ave and 3 streets away to the 30th Street corridor. In just a quick 5 minute walk to north or west, tenants have immediate access to some of the most popular nightlife, restaurants, coffee, shopping, art galleries, theater, farmers markets, brunch spots, boutiques, and breweries in all of San Diego. The property is centrally located near the 15, 805, 163, and 8 Freeways and minutes away from Balboa Park which hosts events, museums, concerts and more. Investors can buy this building and achieve a well above market cap rate on day one in addition to have plenty of opportunity to add value with further renovations and improvements such as ensuite washer/dryer additions, new windows, and more. Contact list agents for a tour and full marketing brochure. Read Less
Listing Snapshot
Days Online
136
Last Updated
Property Type
Other
Lot Size
0.14 Acres
Year Built
1968
MLS Number
NDP2404996
30 Days Snapshot Of 92104
$
+3%
(avg) sold price
23
+43%
homes sold
53
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1968, Building area total: 5,412, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking, DogPark, Golf, Suburban, Sidewalks, Park
Expenses
Insurance expense: $4,900, New taxes expense: $36,240, Operating expense: $68,835, Trash expense: $5,400, Water sewer expense: $2,500
Income
Gross income: $220,333, Net operating income: $144,888
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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