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DESCRIPTION

Excellent Investment Opportunity To Acquire 38-Unit Infill Property. Strong Performance During Pandemic With Average Monthly Rent Collections of 95%. Desirable Unit Mix of 100% Large 2 Bed / 2 Bath Floor Plans Averaging 1,30 SF. Proven Value-Add Strategy With 10 Classic Units Oferring Additional Upgrade Potential. Ecellent Location One Mile From San Diego State University. Call agent for offering memorandum. Amenities: BBQ,Clubhouse

KEY DETAILS
  • Price:
  • $12,700,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 1.47
  • MLS #:
  • 210006221
  • Street Address:
  • 4823 68th St
  • City:
  • San Diego
  • State:
  • CA
  • Postal Code:
  • 92115
  • County:
  • San Diego
  • Area:
  • San Diego
  • Listing Status:
  • For Sale - Active

Building

  • Number Of Units:
  • 38
  • Total # Of Buildings:
  • 1

Business

  • Net Operating Income:
  • 518655
  • Operating Expense:
  • 351507

Land

  • Lot Size:
  • 1.47

Listing

  • Days On Market:
  • 57
  • On Market Date:
  • 2021-03-10
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 13500000
  • Terms:
  • Cash, Cash To New Loan

Systems

  • Heating:
  • Radiant

Source

  • Listing Provided By Rita Lancaster-Hannah of Acre Investment Real Estate

    CACRMLS
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