Skip To Content

3525-3549 Indiana Street

San Diego, CA 92103
  • $19,000,000
  • STATUS: ACTIVE
  • ON SITE: 170 Days
  • ID#: 240017868
UPDATED: 61 min ago
$19,000,000
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Price Reduced by $500,0000. Seller is willing to entertain offers. VERY ATTRACTIVE ASSUMABLE FINANCING (@2.5% fixed for 35 Years) AVAILABLE!! See below for details on the loan. Here is your chance to buy one of the nicest apartment buildings in Hillcrest/North Park (92103) zip code. Built in 2019 up to condo specs this property should prove to be a fantastic investment for someone looking for a passive, low maintenance apartment building located in one of San Diego's most desirable rental markets. Walk to everything! Average units are over 800 Square Feet with condo quality finishes including high end flooring, counters, cabinets, appliances & lighting. 28 Parking spaces including 21 under ground garage with security gate. The current HUD loan at $8,092,000 can be assumed. The rate is 2.5% Fixed for 35 years (2057). Take advantage of just about the lowest interest rate offered a few years ago and continue to pay down principal while maintaining what is sure to be solid rental growth.

Monthly Payment Calculator

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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/153137566
Print Image

3525-3549 Indiana Street San Diego, CA 92103

  • Price: $19,000,000
  • Status: ACTIVE
  • On Site: 170 Days
  • Updated: 61 min ago
  • ID#: 240017868
4
Beds
4
Baths
1
½ Baths
N/A
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Price Reduced by $500,0000. Seller is willing to entertain offers. VERY ATTRACTIVE ASSUMABLE FINANCING (@2.5% fixed for 35 Years) AVAILABLE!! See below for details on the loan. Here is your chance to buy one of the nicest apartment buildings in Hillcrest/North Park (92103) zip code. Built in 2019 up to condo specs this property should prove to be a fantastic investment for someone looking for a passive, low maintenance apartment building located in one of San Diego's most desirable rental markets. Walk to everything! Average units are over 800 Square Feet with condo quality finishes including high end flooring, counters, cabinets, appliances & lighting. 28 Parking spaces including 21 under ground garage with security gate. The current HUD loan at $8,092,000 can be assumed. The rate is 2.5% Fixed for 35 years (2057). Take advantage of just about the lowest interest rate offered a few years ago and continue to pay down principal while maintaining what is sure to be solid rental growth.
Exterior Features

Carports 7 Construction BlockStucco Exterior All Auto SprinklersCable AvailableMetal FencePart LandscapedSolar Owned Parking CarportsGarages Parking Spaces Total 28 Roof Composition Units With Garages 21

Interior Features

Cooling Central Forced Air Elec Floor Coverings HardwoodMarble Floors Wood Heating Central Forced Air Elec Laundry Owned Sq Ft Of Improvement 22032 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Units With Dishwashers 23 Units With Disposals 23 Units With Drapes 23 Units With Ranges 23 Units With Refrigerators 23

Property Features

1st Loan Balance 8092500 1st Loan Interest 2.5 Actual Cap Rate 2.44 Actual Gross Scheduled Income 863400.0 Actual Operating Expense 410387 Assumable Finance 8092500 Buildings 3 Complex Features BBQElevator Gross Equity 5000000 Gross Multiplier 22.01 Have 23 Condo Quality Units Leased Apartments 23 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 71950 Motive Want cash out Other Income Actual 23400 Other Income Source RUBSPark Projected Cap Rate 3.01 Projected Gross Scheduled Inc 943750 Projected Operating Expense 415374 Projected Other Income 56700 Sq Ft Source Buyer to Verify Tenant Pays Electric y Tenant Pays Gas y Tenant Pays Water n Terms Assumable 1st Unit Number1 16 Unit Number2 3 Unit Number3 4 Unit Rent Total1 43350 Unit Rent Total2 10850 Unit Rent Total3 14700 Unit Rent1 2450-3750 Unit Rent2 3550-3700 Unit Rent3 3500-3800

San Diego MLS logo Listing provided courtesy of Thomas Mccartin of Marcus & Millichap: 858-373-3100. Listing information © 2025 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240017868-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240017868-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240017868-2.jpg
Logo
Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
7910 Girard Ave Ste 9
La Jolla CA, 92037