4109-15 3rd Avenue

San Diego, CA 92103

UPDATED:

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Listing Price

$2,349,000

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Glen Henderson

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Key Details

Property Type: Commercial-Off/Rtl/Ind

Year Built: 1956

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 180064251

Type of Financing: Cash,Cash to New Loan

Age Restriction: 3 Garages + 5 spaces

Property Description

Variance Granted for Commerical: Ofc/Rtl/Ind. Duplicate 2-4 unit listing #180063329. Mixed use. Zoning CC-3-8 high density-1 unit per 600sf-100 foot height limit. Potential future land bank or continue as apt, office, medical, dental, etc. 3 of 4 units completely renovated. New kitchens, baths, upgraded flooring, fresh interior texture/paint, upgraded windows, newer roof/stucco, 3 new FAU and A/C units, upgraded electrical panel/outlets, etc.. 3 of 4 units completely furnished with high end finishes/furnishings negotiable Current short-term rental income ~$220,000 with 4 apartments projected. Actual income includes long term tenant of ~20 yrs with significant below market rent. Actual income includes base rent + profit sharing with "super host" Airbnb mgmt. 3 of 4 units currently short term rentals w/gross income=~$185,000. If 4th apt. added projected income at ~$220,000 as 4 short term rentals. Projected cap off the chart at 7-8% w/in house mgmt. As 4 long term rentals, projections at $127,500 with 5% cap.

Location

State: CA

County: San Diego

Interior

Cooling: Central Forced Air Gas

Flooring: Wood

Air Conditioning: Central Forced Air Gas

Exterior

Garage: On Site,Street,Other/Remarks

Building

Story: 2 Story

Schools

Elementary Schools: Florence Elementary School

Middle Schools: Roosevelt Middle School

High Schools: San Diego High School Of Business And Leadership,San Diego High School Of International Studies,San Diego High School Of Science And Technology,San Diego High School Of Media, Visual And Performing Arts

School District: San Diego City Unified School District

Property History

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    Glen HendersonBig Block Realty, Inc

    Glen Henderson


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