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Listing 5 out of 148
$3,125,000 For Sale

4158-4164 1/2 32nd
San Diego, CA 92104

10 units | Multi Family 5+ - MLS# 190050085
Property Photo
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Description

4158-4164 ½ 32nd Street is a nicely renovated 10-unit property located in a quiet and walk-able neighborhood of North Park. Built in 1957 and remodeled in 2016, this tastefully improved building offers its residents a desirable unit mix comprised of 7 one bedroom/one bath units and 3 two bedroom/one bath units. There is 6,264 SF of living space on a 6,978 SF lot and the property has a pitched roof. Improvements include wood laminate flooring, kitchens with new cabinets, counter tops, upgraded appliances, sinks, light fixtures, newer heaters, updated bathrooms, new tiles, ceiling fans, blinds, and updated hardware. Exterior improvements include dual pane windows, custom landscaping, 2 trellises, common area patio space with pergola cover, enhanced gated access with codes, security screen doors, quality fencing and railings, newly poured concrete entryway, brick facade, and a communal laundry room with private storage lockers that produces additional income. Located near El Cajon Blvd. and bustling 30th Street.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92104
  • Age: 1957
  • Stories: 2 Story
  • Units: 10 units
  • Zoning: R-3
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Baths (4): 1
  • # of Bedrooms (1): 2
  • # of Bedrooms (2): 2
  • # of Bedrooms (3): 1
  • # of Bedrooms (4): 1
  • # of Buildings: 1
  • # of Leased Apartments: 10
  • # of Stories: 2
  • # of Units (1): 2
  • # of Units (2): 1
  • # of Units (3): 4
  • # of Units (4): 3
  • # of Units w/Disposals: 10
  • # of Units w/Ranges: 10
  • # of Units w/Refrigerator: 10
  • Actual Gardener Expense: 1200
  • Actual Gas & Electric: 561
  • Actual Gross Oper Income: 194442
  • Actual Gross Schd Income: 198600
  • Actual Ins. F&L Expense: 2099
  • Actual Maintenance Exp.: 1806
  • Actual Operating Expense: 61966
  • Actual Other Expense: 250
  • Actual Other Income: 1800
  • Actual Pest Control Exp.: 480
  • Actual Prop Management: 9675
  • Actual Taxes Expense: 36707
  • Actual Total Expense: 61966
  • Actual Trash Expense: 2229
  • Actual Wtr/Sewer Expense: 6959
  • Cap Rate Actual: 4.24
  • Cap Rate Projected: 4.38
  • Construction: Frame, Stucco
  • Cooling: Wall/Window
  • Floor Covering: Hardwood, Tile
  • Floors: Slab
  • Heating: Wall
  • Laundry: Owned
  • Listing Area: NORTH PARK (92104)
  • Lot Size Area: .25 Acres or less
  • Lot SqFt: 6978
  • Monthly Rent Total: 16550
  • Parking: Spaces, 5-Car
  • Price/SF of Improvments: 498.88
  • Proj Gross Multiplier: 15.11
  • Proj Gross Operating Inc: 202415
  • Proj Operating Expense: 65528
  • Proj Vacancy & Credit Los: 6204
  • Proj. Gross Sched. Income: 206820
  • Projected Net Income: 136887
  • Projected Other Income: 1800
  • Roof: Composition
  • Siding: All Auto Sprinklers, Cable Available, Metal Fence, Part Landscaped, Security Bars, Wood Fence
  • SqFt Source: Tax Record
  • SqFt of Improvement: 6264
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Terms: Cash, Cash to New Loan, Exchange Up
  • Unit Rent (1): 1800
  • Unit Rent (2): 1825
  • Unit Rent (3): 1600
  • Unit Rent (4): 1575
  • Unit Rent Total (1): 3600
  • Unit Rent Total (2): 1825
  • Unit Rent Total (3): 6400
  • Unit Rent Total (4): 4725
  • Unit Type: Apartment
Courtesy of Acre Investment Real Estate

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Krystal Lane

Krystal Lane
SDHomes Enterprises
San Diego, CA 92104

858-382-5793
Contact Me

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Krystal Lane | CA DRE# 01918284 | 858-382-5793 | Contact Me
2358 University Ave #33 - San Diego, CA 92104
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