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    734-40 S 46th Street

    San Diego, CA 92113
    • $1,025,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: PTP2000798
    UPDATED: 30 min ago
    $1,025,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,310
      SQFT
    • $310
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Description

    *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Current rents are low, roughly 45% upside. Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via rear alley. 1 tenant has about 9-months remaining on current lease. All others are currently month-month. Located in quiet, residential area with easy access to 805 freeway. Information deemed reliable, but not guaranteed. All potential buyers must take appropriate measures to verify all of the information set forth herewith.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T11:26:42.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/111175323
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    734-40 S 46th Street San Diego, CA 92113

    • Price: $1,025,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: PTP2000798
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,310
    SQFT
    $310
    $/SQFT
    1955
    Built
    Neighborhood:
    92113 - Logan Heights
    County:
    San Diego
    Area:
    92113 - Logan Heights
    Property Description
    *FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Current rents are low, roughly 45% upside. Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via rear alley. 1 tenant has about 9-months remaining on current lease. All others are currently month-month. Located in quiet, residential area with easy access to 805 freeway. Information deemed reliable, but not guaranteed. All potential buyers must take appropriate measures to verify all of the information set forth herewith.
    Exterior Features

    Lot Features Front YardLandscapedLawnSprinkler SystemYard Lot Size Source Assessor

    Property Features

    Advertising Expense 0.00 Building Area Units Square Feet Cap Rate 5.73 Gross Scheduled Income 89400.00 Insurance Expense 2643.00 Investment Property YN Yes Net Operating Income 58771.00 Operating Expense 32747.00 Park Name ? Property Sub Type Multi Family Real Estate Tax Expense 12670.00 Special Listing Conditions Standard Sprinklers YN Yes Total Expenses 32747.00 Trash Expense 0.00 Water Source Public Zoning Rs-1-7

    Listing provided courtesy of Max Delbecq of Top Gun Cre


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T11:26:42.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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