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4006 Ingraham

San Diego, CA 92109
  • $3,740,000
  • STATUS: ACTIVE
  • ON SITE: 90 Days
  • ID#: 230017272
Price Reduced
UPDATED: 38 min ago
$3,740,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Seller financing in the first few years of ownership will be very attractive for the buyer. Please call broker to discuss. For sale is a 10 unit apartment building in Pacific Beach/San Diego. Buyers can take full advantage of high leverage seller financing at a great interest rate...freeing up capital to renovate and convert these studios into 1br units and bring rents up to market. Ask agent for more details / examples of this popular conversion. This central PB location is within walking and biking distance to several popular retailers and eateries as well as Mission Bay, Sail Bay and Crystal Pier. Seller has removed master meter and all tenants are separately metered with SDGE.

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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/143068441
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4006 Ingraham San Diego, CA 92109

  • Price: $3,740,000
  • Status: ACTIVE
  • On Site: 90 Days
  • Updated: 38 min ago
  • ID#: 230017272
0
Beds
10
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Seller financing in the first few years of ownership will be very attractive for the buyer. Please call broker to discuss. For sale is a 10 unit apartment building in Pacific Beach/San Diego. Buyers can take full advantage of high leverage seller financing at a great interest rate...freeing up capital to renovate and convert these studios into 1br units and bring rents up to market. Ask agent for more details / examples of this popular conversion. This central PB location is within walking and biking distance to several popular retailers and eateries as well as Mission Bay, Sail Bay and Crystal Pier. Seller has removed master meter and all tenants are separately metered with SDGE.
Exterior Features

Parking Spaces Total 10

Interior Features

Sq Ft Of Improvement 3696

Property Features

Actual Gross Scheduled Income 167640.0 Actual Operating Expense 91408 Assumable Finance 0 Buildings 1 Complex Features None Gross Equity 1200000 Gross Multiplier 24.26 Have 10 Pacific Beach Units Mandatory Remarks None Known Market Area Coastal South Motive Want Seller Carry Opportunity Projected Cap Rate 5.0 Projected Gross Scheduled Inc 303000 Projected Net Income 195961 Projected Operating Expense 98219 Short Sale No Tenant Pays Electric Y Unit Number1 10 Zoning RM-1-1

San Diego MLS logo Listing provided courtesy of Robert Klaus of Rbk Commercial: 619-368-8727. 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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Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
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