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3622 43rd Street

CITY HEIGHTS, CA 92105
  • $2,300,000
  • STATUS: ACTIVE
  • ON SITE: 24 Days
  • ID#: 240023977
UPDATED: 31 min ago
$2,300,000
  • 13
    BEDS
  • 0.16
    ACRES
  • 13
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is a well-maintained 8-Unit multifamily property with strong in-place rents and cap rate. Excellent unit mix with five (5) 2Bdrm/2Bath with in-unit laundry and three (3) 1Bdrm/1Bath. There are six (6) single-car garages and nine (9) surface parking spaces. Located near transit as well as the Fairmount/City Heights Shopping Center and City Heights Recreation Center.

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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/156544121
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3622 43rd Street CITY HEIGHTS, CA 92105

  • Price: $2,300,000
  • Status: ACTIVE
  • On Site: 24 Days
  • Updated: 31 min ago
  • ID#: 240023977
13
Beds
13
Baths
0
½ Baths
0.16
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
This is a well-maintained 8-Unit multifamily property with strong in-place rents and cap rate. Excellent unit mix with five (5) 2Bdrm/2Bath with in-unit laundry and three (3) 1Bdrm/1Bath. There are six (6) single-car garages and nine (9) surface parking spaces. Located near transit as well as the Fairmount/City Heights Shopping Center and City Heights Recreation Center.
Exterior Features

Carports 0 Construction BlockDrywallStucco Parking GaragesSpaces Parking Spaces Total 15 Roof Composition Units With Garages 6

Interior Features

Cooling Wall/Window Floors SlabWood Heating Wall Sq Ft Of Improvement 5437 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Unit Furnished7 No Unit Furnished8 No Units With Dishwashers 8 Units With Disposals 8 Units With Drapes 8 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 5.49 Actual Gross Scheduled Income 202428.0 Actual Operating Expense $69983 Assumable Finance 0 Buildings 1 Financial Information Source Tax Return Flood Zone Remarks Geological Hazard Zone Remarks Gross Equity 2300000 Gross Multiplier 11.36 Have 8-Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 16669 Motive Want Sell Other Income Source $2400 Projected Cap Rate 6.69 Projected Gross Multiplier 9.90 Projected Gross Scheduled Inc $232320 Short Sale No Sq Ft Source Tax Record Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Rent Total1 2400 Unit Rent Total2 2395 Unit Rent Total3 2340 Unit Rent Total4 1497 Unit Rent Total5 1799 Unit Rent Total6 2190 Unit Rent Total7 1799 Unit Rent Total8 2249 Unit Rent1 2400 Unit Rent2 2395 Unit Rent3 2340 Unit Rent4 1497 Unit Rent5 1799 Unit Rent6 2190 Unit Rent7 1799 Unit Rent8 2249 Unit Type Apartment Zoning CUPD-C-3-6

San Diego MLS logo Listing provided courtesy of James Carter of Apartment Realty Group (ARG): 619-784-1031. 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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Red Tree Realty
4138 Napier St.
San Diego CA, 92110