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Listing 1 out of 2,713
$18,999,000 For Sale

2466 1st Ave
San Diego, CA 92101

22 units | Multi Family 5+
0.69 acres - MLS# 180017065
Property Photo
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Description

Complete and leasing up quickly! Must have appt to tour!! View Virtual tour link! Class A 22 unit project with premium finishes, high ceilings & a modern soft industrial design. Located in the established residential urban neighborhood of Bankers Hill nestled between Downtown, Little Italy, Hillcrest and Balboa Park. Lofts on Laurel features 21 high-end apartment homes + 1 modern retail space with superb visibility. Units ranging in size from 599-1612 SF + 2249 SF of retail. These luxury apartments include studios, one bedrooms, 1 + Den, and two bedrooms, high-end finishes, bay and city views. This location and the quality of these homes are perfect for urban dwellers. This walkable location and convenient location to San Diego's most notable destinations. Lofts on Laurel was thoughtfully designed with efficient features, contemporary interiors, high-end finishes and unprecedented attention to detail. Expanding your opportunity: Condo Map in process*View Marketing Package*

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92101
  • Units: 22 units
  • Lot Size: 0.69 acres
  • Zoning: MR-1000
  • # Units w/Dishwashers: 21
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Baths (4): 2
  • # of Baths (5): 2.5
  • # of Bedrooms (2): 1
  • # of Bedrooms (3): 1
  • # of Bedrooms (4): 2
  • # of Bedrooms (5): 2
  • # of Buildings: 1
  • # of Stories: 4
  • # of Units (1): 6
  • # of Units (2): 5
  • # of Units (3): 3
  • # of Units (4): 5
  • # of Units (5): 2
  • # of Units w/Disposals: 21
  • # of Units w/Ranges: 21
  • # of Units w/Refrigerator: 21
  • Cap Rate Projected: 3.5
  • Listing Area: SAN DIEGO DOWNTOWN (92101)
  • Lot SqFt: 30056
  • Parking: 35-Car
  • Proj Gardener Expense: incl
  • Proj Gross Multiplier: 19.28
  • Proj Maintenance Expense: 6000
  • Proj Operating Expense: 290464
  • Proj Prop Management Exp: 33742
  • Proj Vacancy & Credit Los: 25306
  • Proj Wtr/Sewer Expense: incl
  • Proj. Gross Sched. Income: 985447
  • Projected F&L Ins Expense: 12947
  • Projected Gas & Electric: 3000
  • Projected License Expense: incl
  • Projected Net Income: 669677
  • Projected Other Expense: 2400
  • Projected Pest Expense: incl
  • Projected Taxes Expense: 223060
  • Projected Total Expense: 290464
  • Projected Trash Expense: incl
  • SqFt Source: Buyer to Verify
  • SqFt of Improvement: 26224
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Tenant Pays Water: Yes
  • Terms: Cash, Cash to New Loan
Courtesy of Fit Properties

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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