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    4444 49th Street

    San Diego, CA 92115
    • $1,600,000
    • STATUS: ACTIVE
    • ON SITE: 25 days
    • ID#: 200054821
    UPDATED: 30 min ago
    $1,600,000
    • 1
      BEDS
    • 0.13
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located 1/2 block north of El Cajon Blvd providing residents easy access to public transportation, shopping, and dining. Additionally, the property is approximately 2 miles from San Diego State University providing a convenient location for faculty and staff to call home. The Paloma Palms is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.carriefilla.com/homes/112933015
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    4444 49th Street San Diego, CA 92115

    • Price: $1,600,000
    • Status: ACTIVE
    • Updated: 30 min ago
    • ID#: 200054821
    1
    Beds
    1
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    The Paloma Palms is an 8 unit apartment community located in the up and coming Talmadge submarket of San Diego. Situated on a 5,747 square foot parcel the property consists of eight 527 square foot 1 Bed/1 Bath units. The subject property has eight on site parking spots and an on site laundry facility. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located 1/2 block north of El Cajon Blvd providing residents easy access to public transportation, shopping, and dining. Additionally, the property is approximately 2 miles from San Diego State University providing a convenient location for faculty and staff to call home. The Paloma Palms is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.
    Exterior Features

    Parking Spaces Total 8

    Interior Features

    Sq Ft Of Improvement 4216

    Property Features

    Actual Cap Rate 3.71 Actual Cash Flow 59300 Actual Gardener Expense 3600 Actual Gas And Electric 1766 Actual Gross Operating Income 106157 Actual Gross Scheduled Income 109032.0 Actual Maintenance Expense 6800 Actual Operating Expense 46857 Actual Other Expense 1154 Actual Pest Control Expense 896 Actual Prop Management 5308 Actual Taxes Expense 19772 Actual Total Expense 46857 Actual Trash Expense 2399 Actual Vacancy And Credit Loss 3271 Actual Water Sewer Expense 3162 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Gross Equity 1600000 Gross Multiplier 14.67 Have Real Estate Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Other Income Actual 396 Projected Cap Rate 5.93 Projected Cash Flow 94957 Projected Fl Ins Expense 2000 Projected Fl Ins Expense1 2000 Projected Gardener Expense 1500 Projected Gas And Electric 1766 Projected Gross Multiplier 11.11 Projected Gross Operating Inc 141480 Projected Gross Scheduled Inc 144000 Projected Maintenance Expense 6800 Projected Net Income 94957 Projected Operating Expense 46523 Projected Other Expense 1154 Projected Other Income 1800 Projected Pest Expense 896 Projected Property Mgmt Expense 7074 Projected Taxes Expense 19772 Projected Total Expense 46523 Projected Trash Expense 2399 Projected Vacancy And Credit Loss 4320 Projected Water And Sewer Expense 3162 Unit Number1 8 Unit Rent Total1 9086 Unit Rent1 1136

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Carrie Filla & Associates | Pacific Sotheby's International Realty
    5825 Avenida Encinas Ste 101
    Carlsbad CA, 92008