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Listed by Nancy Howard • Howard West Coast Realty
$ 2,900,000
Est. payment | /mo
7,608 SqFt
$ 2,900,000
Est. payment | /mo
7,608 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,608 sqft
Price per Sqft $381
MLS Listing ID CRND25109847
HOA Y/N No
Lot Size 0.970 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
MULTI- FAMILY COMPLEX FOR SALE. This complex is on a 42,200 SQ. FT. LOT. 10 LIVING UNITS TOTAL. It has 2 Single Family Homes - 4 duplexes and 2 additional free standing apartments. 1 OUTBUILDING is on a LONG TERM LEASE as Contracted Storage and rented by the Quarter. Another STORAGE is a LARGE TUFF SHED currently used for Tools and Building Supplies. The CAP Rate for 2024 was .032. Stable tenants; no turnover in last 4 years. All Tenants are on Month to Month Contracts. Rents below market - POTENTIAL INVESTOR UPSIDE. Two Front Houses are SFR's. One home is 4 BR 2 BA 1200 SQ. FT. Other SFR is 3 BR 1 BA at 782 SQ. FT.; 5 UNITS are 900 Square Feet; 2 UNITS are 720 SQ. FT.;1 Apartment is a 2 Story, 3 BR 2 BA at 1200 SQ. FT. TWO FRONT HOMES have smaller backyards but extra storage built on site. ALL APARTMENTS have LARGE FENCED BACKYARDS;. EVERY Home has a Minimum of 2 PARKING SPACES. Most Homes have installed LUXUARY VINYL PLANKING FLOORING FOR waterproof and long lasting quality. Many have had upgrades inside the units. (See Photos).
Location
State CA
County San Diego
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Fireplace No
Building
Water Public
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Jennifer Seidelman
OR Principal Broker #200602051 & CA Real Estate Broker #01319529
+1(925) 864-2888 | jennifer@jenniferseidelman.com