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Brett Allen

brett@sellsandiegorealestate.com +1(619) 204-4758

$ 2,100,000

Est. payment | -/mo

5,301 Sqft Lot

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$ 2,100,000

Est. payment | -/mo

Save Virtual Tour

5,301 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2608226

HOA Y/N No

Year Built 1948

Lot Size 5,301 Sqft

Property Description

Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.

Location

State CA

County San Diego

Area 92111 - Linda Vista

Zoning R-1:Single Fam-Res

Interior

Fireplace No

Laundry Laundry Closet

Exterior

Pool None

Community Features Curbs, Storm Drain(s), Sidewalks

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4317102400

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2608226

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Listed by Christian Ballow Gene Bowman Realty Christian@genebowman.com, DRE #02046669

NEARBY SCHOOL & BUSINESS

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 204-4758

brett@sellsandiegorealestate.com

6742 48 Waterman San Diego, CA 92111