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    4334 49th Street

    San Diego, CA 92115
    • $2,375,000
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: 200039656
    UPDATED: 40 min ago
    $2,375,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Back on the Market. Buyer unable to perform because of Heath Reasons. Property shows extremely well. Stable Rents throughout Covid. 49th Street Villas is a 9 Unit turn-key apartment building, that was constructed in 1975. The properties interior and exterior were completely renovated in 2017. The property sits a half block south of El Cajon Blvd in the high demand rental market of City Heights. The unit mix comprises (8) spacious 2BR/1BA and (1) 1BR/1BA unit. A new Investor will be taking possession of a very well maintained building with no deferred maintenance. Rents are currently about 5-10 percent below market. Ownership has not raised rents in 2019 or 2020 so far. The current owner has rents set at market or just below and has collected 100% of rents during COVID 19.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T20:33:13.59. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/109088638
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    4334 49th Street San Diego, CA 92115

    • Price: $2,375,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 200039656
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    92115 - San Diego
    County:
    San Diego
    Area:
    92115 - San Diego
    Property Description
    Back on the Market. Buyer unable to perform because of Heath Reasons. Property shows extremely well. Stable Rents throughout Covid. 49th Street Villas is a 9 Unit turn-key apartment building, that was constructed in 1975. The properties interior and exterior were completely renovated in 2017. The property sits a half block south of El Cajon Blvd in the high demand rental market of City Heights. The unit mix comprises (8) spacious 2BR/1BA and (1) 1BR/1BA unit. A new Investor will be taking possession of a very well maintained building with no deferred maintenance. Rents are currently about 5-10 percent below market. Ownership has not raised rents in 2019 or 2020 so far. The current owner has rents set at market or just below and has collected 100% of rents during COVID 19.
    Exterior Features

    Carport Spaces 4.00 Lot Size Units Square Feet Parking Total 4.00

    Property Features

    Cap Rate 4.75 Country Us Gross Scheduled Income 175320.00 Net Operating Income 112851.00 Operating Expense 60810.00 Other Income1 3600.00 Property Sub Type Commercial/Residential Total Monthly Rent 14610 Zoning R-4 Mult

    Listing provided courtesy of Thomas Mccartin of Marcus & Millichap and Benjamin Price of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T20:33:13.59. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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    Hart Coastal Group
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    San Clemente CA, 92672