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$1,595,000

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Pending

4401 College Ave San Diego, CA 92115

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/31/2024 09:27 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 240020486SD

HOA Y/N No

Year Built 1954

Property Description

For Sale: Fully renovated 4-unit apartment property. All units are comfortable 2 bed, 1 bath floor plans, featuring updated kitchens & baths, in-unit laundry, dishwashers, large common area/courtyard space, private storage closets and parking for 2 cars per unit. The property is located in close proximity to San Diego State University and approximately 1 mile to College Square. Total in place rents are $8,745 per month, average rent per unit of $2,186 per month. Proven market rents of $2,470 would allow for ~$300 in additional rental income for 3 units below market, with potential for additional utility reimbursement income. Unit 4405 is now vacant and being renovated by the Owner. This unit will be delivered 'turn-key' with projected rent of $2,500. Property is currently operated as traditional rental. However, student housing and short-term rental would be additional operating options. In-unit amenities include stacked washer/dryer, ceiling fans in each bedroom, stainless steel appliances, luxury vinyl plank flooring, wall AC & wall heater, private back patio for lower-level units, reserved tandem parking, and private storage. Community features include gated entrance, garden area, close proximity to SDSU, grocery store, and college area amenities. Property is professionally managed. Please contact Agent for further information and financials. Drive-by only, do not disturb tenants.

Location

State CA

County San Diego

Area 92115 - San Diego

Building/Complex Name Apartment

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4730410400

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Kyle Carruthers • Kyle Carruthers, Broker

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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