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    6823 Amherst St

    San Diego, CA 92115
    • $2,500,000
    • STATUS: ACTIVE
    • ON SITE: 91 days
    • ID#: 200049489
    UPDATED: 49 min ago
    $2,500,000
    • 9
      BEDS
    • N/A
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 4,902
      SQFT
    • $510
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Pleased to present for sale, 3 newly constructed three-story houses on one lot situated minutes away from San Diego State University. Completed in 2020, this property rests on an approximate 11,400 SF lot with 4,902 rentable SF. This property just received its certificate of occupancy and is being pre-leased for the 2021 school year. In the interim, short-term leases will be signed until the students move in next summer. The seller is open to carrying a second loan on the property if needed by buyer. his luxury housing development includes one 3-bedroom/3-bathroom house and two 3-bedroom/2.5-bathroom houses, with an option to add two additional bedrooms at the buyer’s request to maximize rents. There is also a cloud condo map on the property, giving an investor the option to sell off as individual condos in the future. Each unit has been constructed with high-end finishes and amenities. Each unit is separately metering for all utilities. In proximity to San Diego State University, these units will attract college students willing to pay premium pricing for off-campus housing. This property offers a rare opportunity to be the proprietor of a newly constructed student housing multi-home complex minutes from San Diego State University. Within walking distance to Ralphs, restaurants, and convenience stores, this property is centrally located with the investor’s longevity in mind.

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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/111269479
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    6823 Amherst St San Diego, CA 92115

    • Price: $2,500,000
    • Status: ACTIVE
    • Updated: 49 min ago
    • ID#: 200049489
    9
    Beds
    7
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,902
    SQFT
    $510
    $/SQFT
    2020
    Built
    Neighborhood:
    College Area
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    Pleased to present for sale, 3 newly constructed three-story houses on one lot situated minutes away from San Diego State University. Completed in 2020, this property rests on an approximate 11,400 SF lot with 4,902 rentable SF. This property just received its certificate of occupancy and is being pre-leased for the 2021 school year. In the interim, short-term leases will be signed until the students move in next summer. The seller is open to carrying a second loan on the property if needed by buyer. his luxury housing development includes one 3-bedroom/3-bathroom house and two 3-bedroom/2.5-bathroom houses, with an option to add two additional bedrooms at the buyer’s request to maximize rents. There is also a cloud condo map on the property, giving an investor the option to sell off as individual condos in the future. Each unit has been constructed with high-end finishes and amenities. Each unit is separately metering for all utilities. In proximity to San Diego State University, these units will attract college students willing to pay premium pricing for off-campus housing. This property offers a rare opportunity to be the proprietor of a newly constructed student housing multi-home complex minutes from San Diego State University. Within walking distance to Ralphs, restaurants, and convenience stores, this property is centrally located with the investor’s longevity in mind.
    Exterior Features

    Exterior Stucco Fencing Full Parking Non Garage Desc Unit1 TandemUncovered Parking Non Garage Desc Unit2 TandemUncovered Parking Non Garage Desc Unit3 TandemUncovered Roof Concrete Site Public StreetSidewalksStreet Paved Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

    Interior Features

    Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 1 Half Baths Unit3 1 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories 3 Story Total Baths Unit1 3 Total Baths Unit2 3 Total Baths Unit3 3 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 1 Units With Refrigerators 0 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 57522 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community San Diego Complex Park N/A Cross Streets 68th St Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 13.89 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 180000 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 127078 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.08 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 5000.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 5000.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 5000 Unit3 Rent Actual 0.0 Water District City Of San Diego

    Listing provided courtesy of Marcus & Millichap. 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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    5825 Avenida Encinas Ste 101
    Carlsbad CA, 92008