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Listing 11 out of 1,205
Sold for $1,155,000 Sold

2032 San Diego
San Diego, CA 92110

4 units | Multi Family 2-4 - MLS# 190002258
Property Photo

Sold

Sold for $1,155,000 on Mar 22, 2019

Description

Incredible turnaround opportunity. Rarely available 4 plex in Old Town with stunning Bay and City Views!! Units in front all have 2nd levels with additional bedrooms making living square footage much larger than stated square footage. Needs work but you will be rewarded! Tremendous upside in rents. Front unit(A) feature a garage and a Bayview deck. Middle unit(B) features an attached garage. Third unit(C) has small private patio. Fourth unit is huge and feature own private backyard. This is a 7.6% cap!

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Sold
  • Listing Price: $1,175,000
  • County/Area: San Diego County
  • Zip Code: 92110
  • Year Built: 1950
  • Subdivision/Neighborhood: Old Town
  • Units: 4 units
  • View: Bay, City
  • # of Buildings: 2
  • # of Units w/Dryers: 1
  • # of Units w/Garage: 3
  • # of Units w/Patios: 2
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # of Units w/Washers: 1
  • Annual Expense Actual: 20350
  • Annual Expense Projected: 20350
  • Cap Rate Actual: 5
  • Cap Rate Projected: 7.6
  • Community: Old Town
  • Fencing: Full
  • Gross Rent Multiplier Act: 14
  • Gross Rnt Multiplier Proj: 10
  • Gross Sched Income Actual: 79500
  • Gross Sched Income Proj.: 109800
  • Heat Equipment: Wall/Gravity
  • Heat Source: Natural Gas
  • Listing Area: OLD TOWN SD (92110)
  • Lot Description: Public Street
  • Lot Size Area: 1-3, 999 SF
  • Net Oper.Income Projected: 89450
  • Parking Garage Unit 1: Assigned
  • Parking Garage Unit 2: Attached
  • Parking Garage Unit 3: Assigned
  • Roof: Composition
  • Sewer/Septic: Sewer Connected
  • Siding: Wood/Stucco
  • Telecommunications: Cable (coaxial)
  • Tenant Pays: Electricity, Gas/Propane
  • Terms: Cash, Conventional, FHA, VA
  • Topography: Level
  • Unit # for Unit 1: 2034A
  • Unit # for Unit 2: 2034B
  • Unit # for Unit 3: 2034C
  • Unit # for Unit 4: 2034D
  • Unit 1 # Bedrooms: 1
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Deposit: 1300
  • Unit 1 Estimated SqFt: 513
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Projected Rent: 1950
  • Unit 1 Rent Actual: 1375
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 950
  • Unit 2 Estimated SqFt: 344
  • Unit 2 Prkng Garage Space: 1
  • Unit 2 Projected Rent: 1750
  • Unit 2 Rent Actual: 1250
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Deposit: 1150
  • Unit 3 Estimated SqFt: 477
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Prkng Garage Space: 1
  • Unit 3 Projected Rent: 1950
  • Unit 3 Rent Actual: 1250
  • Unit 4 # Bedrooms: 4
  • Unit 4 # Total Baths: 2
  • Unit 4 # of Full Baths: 2
  • Unit 4 Deposit: 2500
  • Unit 4 Estimated SqFt: 1638
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Projected Rent: 3500
  • Unit 4 Rent Actual: 2750
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Sold Price: 1155000
  • Sold Date: 2019-03-22
Courtesy of J D Bols & Associates

 

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