3864 35th Street Active

San Diego,CA 92104

$ 5199000

3 Beds

3 Baths

10410 SqFt


Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 10,410 sqft

Price per Sqft $499

MLS Listing ID 250035401

Bedrooms 3

Property Sub-Type Com-Res Income

Property Description

- Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~20.6%) across the board - 6.5% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $297,000 is a ~28% discount to comparable sales Encouraging all offers.

Location

State CA

County San Diego

Community Elevator

Area Metro Uptown

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Others

Tax ID 447-452-27

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