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4562 Hamilton

San Diego, CA 92116
  • $3,200,000
  • STATUS: ACTIVE
  • ON SITE: 87 Days
  • ID#: 230012350
UPDATED: 61 min ago
$3,200,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

7 units in University Heights - All 2 Bedroom units. Perfect building to renovate, add additional dwelling units, and re-rent at market rates to add value. The 6-car parking garage looks to be the perfect place to add 1 or 2 ADU units while still preserving 5 parking spaces in front of the new ADUs. 5 additional open parking spaces in the rear. Current rents are low and can still be raised +/- 10% this year. Laundry room and additional storage lockers for tenants are located under the partially enclosed parking garage. Prime University Heights location.

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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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/140996867
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4562 Hamilton San Diego, CA 92116

  • Price: $3,200,000
  • Status: ACTIVE
  • On Site: 87 Days
  • Updated: 61 min ago
  • ID#: 230012350
4
Beds
2
Baths
1
½ Baths
0.16
Acres
Neighborhood:
Normal Heights (92116)
County:
San Diego
Area:
Normal Heights (92116)
Property Description
7 units in University Heights - All 2 Bedroom units. Perfect building to renovate, add additional dwelling units, and re-rent at market rates to add value. The 6-car parking garage looks to be the perfect place to add 1 or 2 ADU units while still preserving 5 parking spaces in front of the new ADUs. 5 additional open parking spaces in the rear. Current rents are low and can still be raised +/- 10% this year. Laundry room and additional storage lockers for tenants are located under the partially enclosed parking garage. Prime University Heights location.
Exterior Features

Carports 0 Construction DrywallStucco Exterior Fully Landscaped Parking GaragesSpaces Parking Spaces Total 11 Units With Garages 6

Interior Features

Floor Coverings VinylWall To Wall Carpet Floors Slab Laundry Leased Sq Ft Of Improvement 5438 Stories 2 Story Unit Furnished1 Unknown Unit Furnished2 Unknown

Property Features

Actual Cap Rate 3.1 Actual Cash Flow 34880 Actual Cash On Cash 1.7 Actual Gross Operating Income 155350 Actual Gross Scheduled Income 158520.0 Actual Operating Expense 55470 Actual Total Pi Pay 65000 Actual Vacancy And Credit Loss 3170 Assumable Finance 0 Buildings 1 Existing Financing Conventional Financial Information Source Owner Fiscal Year From 22 Fiscal Year To 23 Gross Equity 1500000 Gross Multiplier 20.2 Have 7 - 2Br Units Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 13000 Motive Want Sale Other Income Actual 0 Other Income Amount 210 Other Income Source Laund Misc Projected Annual Pi Expense 65000 Projected Cap Rate 4.9 Projected Cash Flow 91386 Projected Cash On Cash 4.4 Projected Gross Multiplier 14.8 Projected Gross Operating Inc 211856 Projected Gross Scheduled Inc 216180 Projected Net Income 156386 Projected Operating Expense 55470 Projected Other Income 0 Projected Vacancy And Credit Loss 4324 Sq Ft Source Buyer To VerifyTax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 6 Unit Number2 1 Unit Rent Total1 11040 Unit Rent Total2 1960 Unit Rent1 1840 Unit Rent2 1960 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Mark Morgan of Apartment Consultants, Inc.: 619-300-9070. Listing information © 2023 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110