2263-71 L Street

San Diego, CA 92102 View Map $2,023,000 Schedule a Showing
Sq.Ft.10,018
Year79
Joy Bender

Joy Bender

(760) 212-2717
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Status: Active
Listing Office:Marcus & Millichap
Property Type:Com-Res Income
MLS #:190041015
Sq. Feet:10,018
On Site:57 Days
Lot Size:0.23 Acres
County:San Diego
Unique opportunity to own seven units on an over-sized lot in the path of progress just a few blocks from the East Village of Downtown San Diego, California. This is an irreplaceable asset that benefits from walking proximity (~700 feet) to the Walmart Neighborhood Market and light rail stop (~850 feet) with direct non-stop access to the 12th Avenue Metro Transit Station just outside the iconic Petco Park. The units consist of Six 2 bedroom 1 bath units and One 2 bedroom 2 bath unit. Currently, the unit rents range from $1,350-$1,600 per month with realistic upside to $1,750. Sherman Heights is a unique neighborhood bordering two other premier and highly desirable neighborhoods (Golden Hill and East Village Down Town). This asset is situated among many single family homes including historic Victorian homes that add to the unique charm of this sub-market. The region is expected to add 500,000 by 2050 according to SANDAG. Buyer will benefit from strong economic fundamentals supporting rent increases over time.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:2263-71 L Street San Diego, CA 92102
County:San Diego
Township:Metro Central
Zip Code:92102

Features / Amenities

Total Sq. Ft.:10018

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Size: 0.23 Acres
Lot Dimensions:.25 Acres or less

Tax and Financial Info

Gross Sched Income Projected: $153, 796
Cap Rate Actual: $4
Cap Rate Projected: $6
Actual Operating Expense: $40, 551
Actual Gross Schd Income: $121, 800
Tenant Pays: Electricity, Gas, Water

Schools

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2263-71 L Street San Diego, CA 92102
 
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Listing Information Last Updated 9/19/2019
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Listing information last updated on 9/19/2019 10:45 PM.