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Listing 13 out of 1,239
$799,000 For Sale

4550 College Avenue
San Diego, CA 92115

3 units | Multi Family 2-4 - MLS# 190032141
Property Photo
1/14

Description

Front House (3Bdrm/2Bthrm) Remodeled in 2017 (has private front & rear yard w/ laundry) - College Area, Approximately 1 mile to SDSU Campus. Rear units are 1Bdrm/1Bthrm and are single-level w/ rental upside. There is additional upside by increasing the rents in the front house to market levels as well as adding outdoor yard space to the rear units. This property is also a fantastic opportunity for an owner-occupant as the front house provides spacious and private living quarters.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92115
  • Year Built: 1976
  • Subdivision/Neighborhood: College Area
  • Units: 3 units
  • # Units w/Dishwashers: 1
  • # of Buildings: 2
  • # of Units w/Dryers: 1
  • # of Units w/Patios: 3
  • # of Units w/Range/Oven: 3
  • # of Units w/Refrigerator: 3
  • # of Units w/Washers: 1
  • Annual Expense Actual: 17935
  • Annual Expense Projected: 17935
  • Cap Rate Actual: 4.11
  • Cap Rate Projected: 5.45
  • Community: Talmadge
  • Gross Rent Multiplier Act: 15.25
  • Gross Rnt Multiplier Proj: 12.6
  • Gross Sched Income Actual: 52380
  • Gross Sched Income Proj.: 63420
  • Listing Area: SAN DIEGO (92115)
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 6061
  • Net Oper.Income Projected: 43582
  • Roof: Composition
  • Siding: Stucco, Wood
  • Terms: Cal Vet, Cash, Conventional, FHA, VA
  • Unit # for Unit 1: 4551
  • Unit # for Unit 2: 4552
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Total Baths: 2
  • Unit 1 # of Full Baths: 2
  • Unit 1 Deposit: 2195
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Projected Rent: 2495
  • Unit 1 Rent Actual: 2195
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 1195
  • Unit 2 Projected Rent: 1395
  • Unit 2 Rent Actual: 1195
  • Unit 3 # Bedrooms: 4550
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Deposit: 300
  • Unit 3 Projected Rent: 1395
  • Unit 3 Rent Actual: 975
Courtesy of Apartment Realty Group (ARG)

 

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