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Listing 1 out of 148
$7,500,000 For Sale

4388 Delta Street
San Diego, CA 92113

31 units | Multi Family 5+ - MLS# 190050317
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Description

Cash Flowing and Newer Construction. Large 31 unit (**3 of 31 units are not permitted**) apartment building located in San Diego. The subject property is built in 1990 and situated on a large 0.78 acre lot and is comprised of 16 2/1, 12 3/1, 2 1/1 and 1 studio apartment totaling approximately 23,930 square feet. In addition, there is on-site laundry facilities, undertuck parking spaces, and a dedicated office for on-site manager. The Delta Street Apartments are an opportunity for an owner to obtain a property with an excellent unit mix that cash flows strongly. In addition, this property sits in a historically low vacancy area that is close to major freeways, transportation, employment, and is minutes from Downtown San Diego.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92113
  • Age: 1990
  • Units: 31 units
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Bedrooms (1): 1
  • # of Bedrooms (2): 2
  • # of Bedrooms (3): 3
  • # of Buildings: 4
  • # of Stories: 3
  • # of Units (1): 2
  • # of Units (2): 16
  • # of Units (3): 12
  • # of Units (4): 1
  • Actual Gross Schd Income: 50938
  • Actual Operating Expense: 188, 533
  • Construction: Frame
  • Gross Equity: 7500000
  • Listing Area: LOGAN HEIGHTS (92113)
  • Lot SqFt: 33977
  • Monthly Rent Total: 50638
  • SqFt of Improvement: 23930
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Unit Rent (1): 1495
  • Unit Rent (2): 1528
  • Unit Rent (3): 1846
  • Unit Rent Total (1): 2990
  • Unit Rent Total (2): 24448
  • Unit Rent Total (3): 22152
Courtesy of Keller Williams Carmel Valley

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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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