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$2,100,000
Est. payment /mo
5,301 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2608226
HOA Y/N No
Year Built 1948
Lot Size 5,301 Sqft
Property Description
Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.
Location
State CA
County San Diego
Area 92111 - Linda Vista
Zoning R-1:Single Fam-Res
Interior
Fireplace No
Laundry Laundry Closet
Exterior
Pool None
Community Features Curbs, Storm Drain(s), Sidewalks
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 4317102400
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2608226
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Listed by Christian Ballow Gene Bowman Realty Christian@genebowman.com, DRE #02046669
Nearby Locations
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