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4847-53 Mansfield St

San Diego, CA 92116
  • $2,275,000
  • STATUS: ACTIVE
  • ON SITE: 57 Days
  • ID#: 230020025
Price Reduced
$2,275,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,900
    SQFT
  • $784
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Description

4847-53 Mansfield St is a four unit apartment complex located above Adams Ave in Normal Heights, San Diego on a 6,298 SF Lot, and offers 2900 of rentable SF. It consists of a 3-bedroom/2-bathroom, 2-bedroom/1-bathroom, 1 -bedroom/1-bathroom, and a studio. Both of the 1-bedroom & 2-bedroom units are brand new construction, built in 2022. The 3-bedroom & Studio are extensively updated throughout. This property offers investors the opportunity to own a completely turnkey property with maximized current market rents.

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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/144259562
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4847-53 Mansfield St San Diego, CA 92116

  • Price: $2,275,000
  • Status: ACTIVE
  • On Site: 57 Days
  • ID#: 230020025
6
Beds
5
Baths
0
½ Baths
0.14
Acres
2,900
SQFT
$784
$/SQFT
2022
Built
Neighborhood:
Normal Heights
County:
San Diego
Area:
Normal Heights (92116)
Property Description
4847-53 Mansfield St is a four unit apartment complex located above Adams Ave in Normal Heights, San Diego on a 6,298 SF Lot, and offers 2900 of rentable SF. It consists of a 3-bedroom/2-bathroom, 2-bedroom/1-bathroom, 1 -bedroom/1-bathroom, and a studio. Both of the 1-bedroom & 2-bedroom units are brand new construction, built in 2022. The 3-bedroom & Studio are extensively updated throughout. This property offers investors the opportunity to own a completely turnkey property with maximized current market rents.
Exterior Features

Exterior Other/Remarks Fencing Full Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Common Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 2 Water Heater Type Tankless

Property Features

Actual Cap Rate 4.83 Age Restrictions N/K Annual Expense Actual 30132 Annual Expense Projected 30132 Association ID San Diego Association of REALTORS (SDAR) Buildings 4 Cfd Mello Roos Fee 0.0 Community NORMAL HEIGHTS Complex Park 4847-53 Mansfield Cross Streets Copley Ave Gross Rent Multiplier Actual 16.2 Gross Rent Multiplier Project 16.0 Gross Scheduled Income Actual 140160 Gross Scheduled Income Project 143340 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 113028 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.96 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterCable TVElectricityGas/PropaneHot Water Terms CashConventionalFHAVA Unit1 Deposit 2095 Unit1 Occupied Tenant Unit1 Projected Rent 2200.0 Unit1 Rent Actual 2095.0 Unit2 Deposit 2795 Unit2 Occupied Tenant Unit2 Projected Rent 2900.0 Unit2 Rent Actual 2795.0 Unit3 Deposit 4350 Unit3 Occupied Tenant Unit3 Projected Rent 4500 Unit3 Rent Actual 4350.0 Unit4 Deposit 2140 Unit4 Occupied Tenant Unit4 Projected Rent 2200 Unit4 Rent Actual 2140.0

San Diego MLS logo Listing provided courtesy of Daniel Sipher of Jlm Real Estate Inc.: 408-368-5225. 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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