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2762 Market St

San Diego, CA 92102
  • $1,600,000
  • STATUS: ACTIVE
  • ON SITE: 90 Days
  • ID#: 230017299
$1,600,000
  • 9
    BEDS
  • 0.22
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The Market Street Manor Apartments is a five unit apartment complex positioned just east of downtown San Diego in the desirable Grant Hill neighborhood. The property spans approximately 2,952 square feet and consists of one (1) one bed/one bath unit, three (3) two bed/one bath units, and one (1) detached two bed/one bath house. In 2013, the property underwent significant updates that included stucco, roof (house), windows, flooring, bathrooms, kitchens, granite countertops, and interior fixtures and appliances. This property offers substantial upside in rental income through additional renovations and more aggressive management. Tenants are afforded convenient access to Hwy 94, Golden Hill, South Park, and downtown San Diego. They will appreciate the sweeping views, inviting common areas, on-site laundry and secured parking and access. With its recent upgrades and strategic location, the Market Street Manor Apartments offer an excellent investment opportunity for savvy investors.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143084464
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2762 Market St San Diego, CA 92102

  • Price: $1,600,000
  • Status: ACTIVE
  • On Site: 90 Days
  • ID#: 230017299
9
Beds
5
Baths
0
½ Baths
0.22
Acres
Neighborhood:
San Diego (92102)
County:
San Diego
Area:
San Diego (92102)
Property Description
The Market Street Manor Apartments is a five unit apartment complex positioned just east of downtown San Diego in the desirable Grant Hill neighborhood. The property spans approximately 2,952 square feet and consists of one (1) one bed/one bath unit, three (3) two bed/one bath units, and one (1) detached two bed/one bath house. In 2013, the property underwent significant updates that included stucco, roof (house), windows, flooring, bathrooms, kitchens, granite countertops, and interior fixtures and appliances. This property offers substantial upside in rental income through additional renovations and more aggressive management. Tenants are afforded convenient access to Hwy 94, Golden Hill, South Park, and downtown San Diego. They will appreciate the sweeping views, inviting common areas, on-site laundry and secured parking and access. With its recent upgrades and strategic location, the Market Street Manor Apartments offer an excellent investment opportunity for savvy investors.
Interior Features

Sq Ft Of Improvement 2952

Property Features

Actual Cap Rate 4.55 Actual Gross Scheduled Income 115140.0 Actual Operating Expense 39397 Assumable Finance 0 Buildings 2 Gross Equity 1600000 Gross Multiplier 13.90 Have Units Mandatory Remarks None Known Market Area Metro Central Motive Want Sell Projected Cap Rate 6.13 Projected Gross Multiplier 11.32 Projected Gross Scheduled Inc 141300 Projected Net Income 98123 Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent1 1800 Unit Rent2 1800 Unit Rent3 1600 Unit Rent4 1470 Unit Rent5 1650 Unit Type Other/Remarks

San Diego MLS logo Listing provided courtesy of Nicholas Lyon of Acre Investment Real Estate: 760-473-9655. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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