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Buy a propertyat 1926 San Diego Ave, San Diego, CA 92110

$1,950,000

$2,000,000 (-2.5%)

$0/mo

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Multifamily

0 Bathrooms

371 Days on market

230007530SD MLS ID

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About 1926 San Diego Ave property

Pleased to present for sale a 4-unit value-add apartment complex in the Mission Hills neighborhood of San Diego. Constructed in 1938, this property rests on a 5,029 SF lot with 2,292 rentable SF. 1926 San Diego Ave is comprised of (4) one-bedroom/one-bathroom cottages. Two of the units have original refinished floors, in-unit laundry, and granite kitchen counter tops. Tenants enjoy private patios or backyards, (4) single-car garages, and are in proximity to Old Town and Downtown. Investors could potentially convert the single-car garages into ADU units to generate additional income. Mission Hills is one of San Diego’s most profitable rental markets that continues to attract high quality and reliable tenants. Situated next to Old Town, this property is walking distance to shops, restaurants, bars, and attractions. Being in an extremely high barrier to entry market, this property serves a rare opportunity to acquire a unique asset with room to improve the operations.
Pleased to present for sale a 4-unit value-add apartment complex in the Mission Hills neighborhood of San Diego. Constructed in 1938, this property rests on a 5,029 SF lot with 2,292 rentable SF. 1926 San Diego Ave is comprised of (4) one-bedroom/one-bathroom cottages. Two of the units have original refinished floors, in-unit laundry, and granite kitchen counter tops. Tenants enjoy private patios or backyards, (4) single-car garages, and are in proximity to Old Town and Downtown. Investors could potentially convert the single-car garages into ADU units to generate additional income. Mission Hills is one of San Diego’s most profitable rental markets that continues to attract high quality and reliable tenants. Situated next to Old Town, this property is walking distance to shops, restaurants, bars, and attractions. Being in an extremely high barrier to entry market, this property serves a rare opportunity to acquire a unique asset with room to improve the operations.

Property details

House

2 total stories

Built in 1938

Stories: 2

Two

Cooling

No cooling

Fence

Partial

Heating

Forced Air

Income

Gross Scheduled Income: 62880

Net Operating Income: 25825

Listing

Listing ID: 230007530SD

48 days on market

Listed on 2023-04-25

Location

County: San Diego

Subdivision: San Diego

Property

4 buildings

4 units

Bay

Tenant Pays

Electricity

Gas

Monthly cost

Estimated monthly cost

$12,426/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,833,000

+$58,500

$1,891,500

Seller agent commission$58,500 (3%)*

$0 (0%)

Buyer agent commission$58,500 (3%)*

$58,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: May 2, 2024 at 4:52 p.m.

Data updated: Jun 14, 2023 at 6:04 a.m.

Property listed by Marcus & Millichap, Carson Trujillo
Based on information from California Regional Multiple Listing Service, Inc. as of 06/14/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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