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2621-27 Monroe Ave

San Diego, CA 92116
  • $3,600,000
  • STATUS: ACTIVE
  • ON SITE: 2 Days
  • ID#: 240023246
New On Site 2 Days Ago
UPDATED: 52 min ago
$3,600,000
  • 15
    BEDS
  • 0.16
    ACRES
  • 8
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

A prime investment opportunity with immediate cash flow. This fully leased 8-unit apartment building features 7 two-bedroom units and 1 one-bedroom unit. Located in the desirable University Heights neighborhood, the property is within walking distance of shops, restaurants, and public transportation, enhancing its appeal to tenants. On-site laundry facilities and a shared outdoor space provide added value for residents. This corner lot has 5100 square feet of improved space, offering potential for future enhancements.

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/156093591
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2621-27 Monroe Ave San Diego, CA 92116

  • Price: $3,600,000
  • Status: ACTIVE
  • On Site: 2 Days
  • Updated: 52 min ago
  • ID#: 240023246
15
Beds
8
Baths
1
½ Baths
0.16
Acres
Neighborhood:
Normal Heights (92116)
County:
San Diego
Area:
Normal Heights (92116)
Property Description
A prime investment opportunity with immediate cash flow. This fully leased 8-unit apartment building features 7 two-bedroom units and 1 one-bedroom unit. Located in the desirable University Heights neighborhood, the property is within walking distance of shops, restaurants, and public transportation, enhancing its appeal to tenants. On-site laundry facilities and a shared outdoor space provide added value for residents. This corner lot has 5100 square feet of improved space, offering potential for future enhancements.
Exterior Features

Carports 0 Parking None Parking Spaces Total 0 Units With Garages 0

Interior Features

Cooling None Laundry Leased Sq Ft Of Improvement 5100 Units With Dishwashers 0 Units With Disposals 2 Units With Drapes 0 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 3.05 Actual Fl Ins Expense 3743 Actual Gardener Expense 300 Actual Gross Scheduled Income 150180.0 Actual Maintenance Expense 698 Actual Operating Expense 40147 Actual Pest Control Expense 32 Actual Prop Management 775 Actual Total Pi Pay 0 Actual Trash Expense 0 Assumable Finance 0 Buildings 2 Existing Financing Clear Gross Equity 3600000 Gross Multiplier 23 Have 8 leased units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 12515 Motive Want sell Other Income Amount 60 Other Income Source laundry Short Sale No Tenant Pays Electric y Tenant Pays Gas y Tenant Pays Water n Unit Number1 1 Unit Number2 2 Unit Number3 3 Unit Number4 4 Unit Number5 5 Unit Number6 6 Unit Number7 7 Unit Number8 8 Unit Rent Total1 1850 Unit Rent Total2 1600 Unit Rent Total3 1401 Unit Rent Total4 1675 Unit Rent Total5 1335 Unit Rent Total6 1417 Unit Rent Total7 1732 Unit Rent Total8 1505 Unit Rent1 1850 Unit Rent2 1600 Unit Rent3 1401 Unit Rent4 1675 Unit Rent5 1335 Unit Rent6 1417 Unit Rent7 1732 Unit Rent8 1505 Zoning R-3

San Diego MLS logo Listing provided courtesy of Kim Klecan of San Terra Properties: 619-261-9612. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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4138 Napier St.
San Diego CA, 92110