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    734 S 46th St

    San Diego, CA 92113
    • $1,010,000
    • STATUS: ACTIVE
    • ON SITE: 89 days
    • ID#: 302949159
    Price Reduced
    UPDATED: 73 min ago
    $1,010,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. See Marketing Package, Rent Roll (Documents). Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Roughly 45% upside. Ability to add laundry/storage income, and possibly convert 3 garages to ADUs? Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long te *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. See Marketing Package, Rent Roll (Documents). Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Roughly 45% upside. Ability to add laundry/storage income, and possibly convert 3 garages to ADUs? Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via alley. 1 tenant has about 6-months remaining on current lease. All others month-month. Quiet, residential area w/ easy access to 805 freeway. Information deemed reliable, but not guaranteed. All buyers must take appropriate measures to verify all information set forth herewith.

    Monthly Payment Calculator

    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/111201346
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    734 S 46th St San Diego, CA 92113

    • Price: $1,010,000
    • Status: ACTIVE
    • Updated: 73 min ago
    • ID#: 302949159
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1955
    Built
    Neighborhood:
    Mountain View
    County:
    San Diego
    Area:
    Logan Heights (92113)
    Property Description
    *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. See Marketing Package, Rent Roll (Documents). Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Roughly 45% upside. Ability to add laundry/storage income, and possibly convert 3 garages to ADUs? Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long te *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. See Marketing Package, Rent Roll (Documents). Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Roughly 45% upside. Ability to add laundry/storage income, and possibly convert 3 garages to ADUs? Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via alley. 1 tenant has about 6-months remaining on current lease. All others month-month. Quiet, residential area w/ easy access to 805 freeway. Information deemed reliable, but not guaranteed. All buyers must take appropriate measures to verify all information set forth herewith.
    Exterior Features

    Irrigation Sprinklers Pool N/K Site CurbsSidewalks

    Property Features

    Actual Cap Rate 5.81 Annual Expense Actual 32747 Association ID Pacific Southwest Association Of Realtors (Psar) Buildings 1 Gross Rent Multiplier Actual 10.72 Gross Scheduled Income Actual 89400 Terms CashConventionalExchange

    Listing provided courtesy of Top Gun Cre. Listing information © 2021 San Diego MLS Inc. Source: CR Paragon
    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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