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4263 42ND Street

San Diego, CA 92105
  • $2,050,000
  • STATUS: ACTIVE
  • ON SITE: 69 Days
  • ID#: 230019113
$2,050,000
  • 10
    BEDS
  • 0.14
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

8-Unit Value-Add Opportunity in the Teralta West Neighborhood of City Heights • Substantial Upside in Rents (2 Units Will Be Delivered Vacant) • (2) 2Bedroom/2Bathroom Units, (6) 1Bedroom/1Bathroom Units • Just South of El Cajon Blvd • Onsite Laundry Room (Owned Equipment) • Ample Onsite Parking (8 Spaces) • High Demand Rental Market • Easy Access to Local Services and Major Freeways • Walking Distance to Shops, Restaurants and Transportation

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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/143847004
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4263 42ND Street San Diego, CA 92105

  • Price: $2,050,000
  • Status: ACTIVE
  • On Site: 69 Days
  • ID#: 230019113
10
Beds
10
Baths
0
½ Baths
0.14
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
8-Unit Value-Add Opportunity in the Teralta West Neighborhood of City Heights • Substantial Upside in Rents (2 Units Will Be Delivered Vacant) • (2) 2Bedroom/2Bathroom Units, (6) 1Bedroom/1Bathroom Units • Just South of El Cajon Blvd • Onsite Laundry Room (Owned Equipment) • Ample Onsite Parking (8 Spaces) • High Demand Rental Market • Easy Access to Local Services and Major Freeways • Walking Distance to Shops, Restaurants and Transportation
Exterior Features

Carports 0 Construction BlockStoneStucco Exterior None Parking Spaces Parking Spaces Total 8 Roof Other/Remarks Units With Garages 0

Interior Features

Cooling Wall/Window Floor Coverings Other/Remarks Floors SlabWood Heating Wall Laundry Owned Sq Ft Of Improvement 5226 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Unit Furnished7 No Unit Furnished8 No Units With Dishwashers 0 Units With Disposals 8 Units With Drapes 0 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 4.59 Actual Gross Operating Income 152640 Actual Gross Scheduled Income 151440.0 Actual Operating Expense 54015 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Existing Financing Other/Remarks Financial Information Source Tax Return Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 2050000 Gross Multiplier 13.43 Have 8-Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 12620 Motive Want Sell/Cash-Out Other Income Actual 1200 Other Income Source Laundry Projected Cap Rate 6.63 Projected Gross Multiplier 10.35 Projected Gross Operating Inc 198000 Projected Gross Scheduled Inc 196800 Projected Net Income 135845 Projected Operating Expense 56215 Projected Other Income 1200 Short Sale No Special Other/Remarks Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Owner May Carry 1stOther/Remarks Unit Number1 2 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Rent Total1 1495 Unit Rent Total2 1230 Unit Rent Total3 1080 Unit Rent Total4 1650 Unit Rent Total5 2350 Unit Rent Total6 1650 Unit Rent Total7 1215 Unit Rent Total8 1950 Unit Rent1 1495 Unit Rent2 1230 Unit Rent3 1080 Unit Rent4 1650 Unit Rent5 2350 Unit Rent6 1650 Unit Rent7 1215 Unit Rent8 1950 Unit Type Apartment Zoning CUPD-CT2-3

San Diego MLS logo Listing provided courtesy of James Carter of Apartment Realty Group (Arg): 619-784-1031. 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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