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$ 1,580,000
Est. payment /mo
Active
225 231 35th Street San Diego, CA 92102
5,248 Sqft Lot
UPDATED:
12/05/2024 05:15 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2408975
HOA Y/N No
Year Built 1949
Lot Size 5,248 Sqft
Property Description
EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning R-2
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, See Remarks
Exterior
Pool None
Community Features Curbs, Park
View Y/N No
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Level, Near Park, Street Level, Yard
Story 1
Sewer Public Sewer
Others
Senior Community No
Tax ID 5461260200
Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, VA Loan
Special Listing Condition Standard
Listed by Tanya Parks • Compass • [email protected]