3864 35th Street Pending

San Diego,CA 92104

$ 4995000

3 Beds

0 Bath

10410 SqFt


Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Pending

Purchase Type For Sale

Square Footage 10,410 sqft

Price per Sqft $479

MLS Listing ID 250035401

Bedrooms 3

Lot Size 7,132 Sqft

Property Sub-Type Com-Res Income

Property Type Com-Res Income

Property Description

Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales

Location

State CA

County San Diego

Community Elevator

Area Metro Uptown

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 11

Building

Story 3

Others

Senior Community No

Tax ID 447-452-27

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