$3,075,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180028569

Description

This classic Huffman building has had almost $100k of renovation over the past three years. The building has dual pane windows. Six of the eight units have been remodeled including appliances, kitchen cabinets, counter-tops and bathroom vanities. Rent increases will be in effect by close of escrow. Prime Asset has managed the property for at least a decade and reports five/one bed and three/two bed units. The tax records show ten bedrooms. ACI has not seen or verified each unit. A short bike ride to the beach and two double garages plus four tandem parking spaces make this asset very desirable. Plentiful street parking offers more convenience than most of Pacific Beach. Concrete driveways mean lower maintenance cost for the owner. Thomas Ave is a low traffic residential street providing quiet peaceful surroundings.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1970
Number of Buildings:
1
Number of Stories:
2
Number of Units w/Garage:
4
Total Number of Parking Spaces:
8

Location

County:
San Diego

Additional Details

Number of Units:
8
Number of Leased Apartments:
8
Number of Stories:
2
Total Monthly Rent:
$14,595
Price Per Unit:
$384,375
Down Payment:
$1,632,825
Gross Equity:
$2,984,723
Existing Finance:
Conventional
SqFt of Improvement:
5,690
Assessors Parcel #:
424-202-04-00
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Drapes:
8
Units with Ranges:
8
Units with Refrigerator:
8
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Heating Equipment:
Wall
Parking:
Garages, Spaces

Unit Details

Unit 1
Number of Units:
5
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,725
Unit Rental Total:
$8,625
Unit 2
Number of Units:
3
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,990
Unit Rental Total:
$5,970

Features

Construction Features:
Stucco

Listing provided by

Apartment Consultants, Inc.
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Crown Point

The quiet and quaint neighborhood of Crown Point is located on the southeast side of Pacific Beach. It is surrounded on three sides by Mission Bay. Crown Point offers a wide variety of homes that range from low $300,000 condos to $8 million single family bayfront homes.

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Presented By
Missy
McNally

DRE# 00958197

619.987.2163

Email Me
Presented By
Missy
McNally

DRE# 00958197

619.987.2163

Email Me

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