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$ 1,045,000
Est. payment | /mo
6 Beds
6 Baths
2,800 SqFt
$ 1,045,000
Est. payment | /mo
6 Beds
6 Baths
2,800 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $373
MLS Listing ID 260010557
Bedrooms 6
Full Baths 6
Property Sub-Type Com-Res Income
Property Description
5 Units in City Heights. This is the best-priced deal on the market, low $/Unit at only $209K/Unit with a strong in-place 6.32% Cap Rate and 10.44 GRM w/ upside. With many recent upgrades, this offering boasts a strong in-place cap rate with future upside my updating a couple of the units. The unit mix consists of a 2Bedroom/2Bathroom unit, a spacious detached 1Bedroom/1Bathroom house, two 1Bedroom/1Bathroom units that are in a stacked two-story structure in the middle of the property and a smaller 1Bedroom/1Bathroom unit in the rear of the property. ProForma Cap Rate: 7.34% and ProForma GRM: 9.36
Location
State CA
County San Diego
Community Other/Remarks
Area Metro Uptown
Zoning CUPD-CT-5-
Direction South of University Ave - City Heights
Interior
Heating Other/Remarks
Cooling Other
Flooring Other/Remarks
Fireplace No
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Total Parking Spaces 2
Building
Dwelling Type Apartment,Other/Remarks
Story 2
Others
Senior Community No
Tax ID 471-571-24-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Listed by James V Carter, DRE#01352336 Apartment Realty Group (ARG)
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