FOR SALE: 1614-20 Reed Ave. San Diego CA 92109 | 220024084 |$3,625,000| Cal Rob (858) 752-8730 for a TOUR!
Listing Office:Apartment Consultants, Inc.
Property Type:Com-Res Income
On Site:8 Days
Lot Size:0.14 Acres
The property is located on a low traffic street within a mile of the coast and less than three quarters of mile from Mission Bay. Close to everything that makes Pacific Beach so desirable and is within minutes of I-5 and I-8. Four one bedroom and four two bedroom units which is a better unit mix than 70% of buildings between 5-20 units. Rents are currently below market. Property manager reports that all leases are month to month. The property is priced for quick sale. There is no distress and no debt. Most of the units have vinyl flooring, upgraded kitchens and baths, attractive new tile showers, stainless steel appliances, tasteful interior decor, and ceiling fans. Some units have not yet been renovated. Property is being sold As-Is.
$000 Monthly Payment
Loan and interest only.
Address:1614-20 Reed Ave. San Diego, CA 92109
Area (MLS Code):Coastal South
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Lot Size: 0.14 Acres
Lot Dimensions:.25 Acres or less
Tax and Financial Info
Gross Sched Income Projected: $188, 340
Cap Rate Actual: $2
Cap Rate Projected: $3
Gross Income: $165, 888
Actual Operating Expense: $80, 207
Actual Gross Schd Income: $172, 800
Tenant Pays: Electricity, Gas