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$1,580,000

Est. payment - /mo

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2,159 SqFt

Active

225 231 35th Street San Diego, CA 92102

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Nathan King Real Estate Group

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

UPDATED:

10/07/2024 12:43 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,159 sqft

Price per Sqft $731

MLS Listing ID NDP2408975

HOA Y/N No

Year Built 1949

Lot Size 5,248 Sqft

Property Description

EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts�long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.

Location

State CA

County San Diego

Area 92102 - San Diego

Zoning R-2

Rooms

Ensuite Laundry Common Area, See Remarks

Interior

Laundry Location Common Area,See Remarks

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, See Remarks

Exterior

Pool None

Community Features Curbs, Park

View Y/N No

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Level, Near Park, Street Level, Yard

Story 1

Sewer Public Sewer

Others

Senior Community No

Tax ID 5461260200

Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, VA Loan

Special Listing Condition Standard

Listed by Tanya Parks • Compass • tanyaparksre@gmail.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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