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Listing 6 out of 2,713
$9,295,000 For Sale
30 units | Multi Family 5+
5.5 acres - MLS# 190005465
Property Photo
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Description

Great Investment Opportunity Bulk Sale. 30 Single level (S/L) Town Homes. all are 3 bedroom investor owned and have Ocean Views (some units) and breezes. Washer dryer connections in the units. Units are rented below the market rents ($2,100). Value added deal Potential for upside selling off individual units. Potential 5% cap with upside on value. Income potential is $756,000. Units sold at $350,000 at the peak. See attachment for list of units and floor plans.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92154
  • Stories: 1 Story
  • Units: 30 units
  • Lot Size: 5.5 acres
  • # of Buildings: 5
  • # of Leased Apartments: 30
  • # of Stories: 1
  • # of Units w/Disposals: 30
  • # of Units w/Ranges: 30
  • Actual Gross Schd Income: 561658
  • Actual Operating Expense: 188037
  • Cap Rate Actual: 4.02
  • Cap Rate Projected: 4.95
  • Construction: Stucco
  • Floor Covering: Tile, Vinyl, Wall to Wall Carpet
  • Floors: Slab
  • Gross Equity: 6000000
  • Heating: Baseboard
  • Listing Area: OTAY MESA (92154)
  • Lot Dimensions: 239580
  • Lot SqFt: 6
  • Monthly Rent Total: 1560
  • Parking: Spaces, 60-Car
  • Proj Gross Operating Inc: 756000
  • Proj Operating Expense: 295485
  • Proj. Gross Sched. Income: 756000
  • Projected Cash Flow: 460515
  • Projected Cash on Cash: 5
  • Projected Net Income: 460515
  • Roof: Composition
  • Siding: Cable Available, Fully Landscaped, Part Fenced, Wood Fence, Remarks
  • SqFt Source: Tax Record
  • SqFt of Improvement: 32130
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Tenant Pays Water: Yes
  • Terms: Cash, Cash to New Loan
Courtesy of Wolf Real Estate Group

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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