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5020 Wightman Street

San Diego, CA 92105
  • $5,850,000
  • STATUS: ACTIVE
  • ON SITE: 127 Days
  • ID#: 230009631
UPDATED: 76 min ago
$5,850,000
  • 6
    BEDS
  • 0.52
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The Wightman Street Apartments feature 22 units built in 1980 situated on an approximately 22,642 sq ft lot. The approximately 17,209 sq ft structure holds a strong unit mix of two 3Bed/1Bath, twelve 2Bed/1Bath, and eight 1Bed/1Bath Units. The property features plenty of tuck under parking spaces and laundry facilities. The units have been renovated with a mix of tile and plank flooring, newer appliances, and cabinetry as well as tile counter tops. There is over 15% upside in the existing rents.

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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/139827248
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5020 Wightman Street San Diego, CA 92105

  • Price: $5,850,000
  • Status: ACTIVE
  • On Site: 127 Days
  • Updated: 76 min ago
  • ID#: 230009631
6
Beds
3
Baths
0
½ Baths
0.52
Acres
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
The Wightman Street Apartments feature 22 units built in 1980 situated on an approximately 22,642 sq ft lot. The approximately 17,209 sq ft structure holds a strong unit mix of two 3Bed/1Bath, twelve 2Bed/1Bath, and eight 1Bed/1Bath Units. The property features plenty of tuck under parking spaces and laundry facilities. The units have been renovated with a mix of tile and plank flooring, newer appliances, and cabinetry as well as tile counter tops. There is over 15% upside in the existing rents.
Exterior Features

Parking Spaces Total 30

Interior Features

Sq Ft Of Improvement 17209 Units With Ranges 22 Units With Refrigerators 22

Property Features

Actual Cap Rate 5.14 Actual Gross Operating Income 488042 Actual Gross Scheduled Income 503136.0 Actual Operating Expense 187381 Actual Vacancy And Credit Loss 15094 Assumable Finance 0 Buildings 1 Gross Equity 3000000 Gross Multiplier 11.6 Have Units Leased Apartments 22 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 41928 Motive Want 1031 Other Income Source Lndry/Rubs Projected Cap Rate 6.3 Projected Gross Multiplier 10.2 Projected Gross Operating Inc 553808 Projected Gross Scheduled Inc 570936 Projected Net Income 366427 Projected Operating Expense 187381 Projected Vacancy And Credit Loss 17128 Short Sale No Unit Number1 2 Unit Number2 12 Unit Number3 8 Unit Rent Total1 4224 Unit Rent Total2 23808 Unit Rent Total3 12296 Unit Rent1 2112 Unit Rent2 1984 Unit Rent3 1537

San Diego MLS logo Listing provided courtesy of of Northmarq Multifamily: . 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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4138 Napier St.
San Diego CA, 92110