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Listing 4 out of 1,358
$1,124,000 New For Sale

308 W Brookes Ave
San Diego, CA 92103

3 units | Multi Family 2-4
0.73 acres - MLS# 190038274
Property Photo
1/17

Description

The entire property was recently repainted and all exterior decks refinished. Brookes Ave is a 3 unit multifamily apartment located at the end of the street just blocks from Balboa Park. The building sits on a 31,798 square foot lot. The unit mix consists of (1) two bedroom one bath and (2) one bedroom one bath units. Each tenant enjoys an expansive view of the local canyon and adjoining Hillcrest neighborhoods. With low current rents this property allows for substantial rental upside.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92103
  • Year Built: 1931
  • Subdivision/Neighborhood: Hillcrest
  • Units: 3 units
  • Lot Size: 0.73 acres
  • View: Bay, City, Evening Lights, Mountains/Hills, Panoramic
  • Zoning: R-2:MINOR
  • # of Buildings: 1
  • # of Units w/Fireplaces: 1
  • # of Units w/Patios: 3
  • # of Units w/Range/Oven: 3
  • # of Units w/Refrigerator: 3
  • Annual Expense Actual: 7879
  • Cap Rate Actual: 3.3
  • Community: Hillcrest
  • Complex/Park: Cleveland Heights
  • Cooling: Attic Fan
  • Fencing: Gate
  • Frontage Features: Canyon
  • Gross Rent Multiplier Act: 24.3
  • Gross Rnt Multiplier Proj: 15.7
  • Gross Sched Income Actual: 46200
  • Gross Sched Income Proj.: 71400
  • Heat Equipment: Wall/Gravity
  • Heat Source: Electric, Natural Gas
  • Listing Area: MISSION HILLS (92103)
  • Lot Description: Corner Lot
  • Lot Size Area: .5 to 1 AC
  • Lot SqFt: 31798
  • Parking Non-Garage Unit 1: Assigned
  • Parking Non-Garage Unit 2: Assigned
  • Parking Non-Garage Unit 3: Assigned
  • Parking for RV: On-Site Parking
  • Roof: Composition
  • Siding: Wood/Stucco
  • Tenant Pays: Electricity, Gas/Propane
  • Terms: Cash, Conventional, FHA, VA
  • Topography: Canyon/Valley
  • Unit # for Unit 1: 308
  • Unit # for Unit 2: 310
  • Unit # for Unit 3: 312
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Deposit: 1500
  • Unit 1 Estimated SqFt: 1100
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Common
  • Unit 1 Projected Rent: 2600
  • Unit 1 Rent Actual: 1650
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 1100
  • Unit 2 Estimated SqFt: 800
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Projected Rent: 1750
  • Unit 2 Rent Actual: 1200
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Deposit: 900
  • Unit 3 Estimated SqFt: 450
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Projected Rent: 1600
  • Unit 3 Rent Actual: 1000
  • Water: Meter on Property
  • Water Heater Type: Gas
Courtesy of South Coast Commercial, Inc.

 

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