2603-11 C St

San Deigo, CA 92102 View Map $2,299,000 Schedule a Showing
Sq.Ft.5,026
Joy Bender

Joy Bender

(760) 212-2717
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Status: Active
Listing Office:Marcus & Millichap
Property Type:Com-Res Income
MLS #:190027688
Sq. Feet:5,026
On Site:119 Days
Lot Size:0.12 Acres
County:San Diego
We are pleased to offer a valuable dual property portfolio, 2603 C St and 1071 26th St, and located in the Golden Hill neighborhood of San Diego, California. The two properties, totaling 9 units, rest on a combined lot size of 5,026 SF. 2603 C St is a five unit building comprised of (3) one bedroom / one-bathroom units, (1) one bedroom / one-bathroom + den unit, and (1) studio unit. The building was constructed in 1915 and has a basement containing (12) additional storage closets that generate additional income for the owner. 1071 26th St was constructed in 1942 and is a four unit building comprised of (4) one-bedroom / one-bathroom units. Tenants enjoy (4) attached garages, off street parking, and on-site laundry. Six of the units have been upgraded with new finishes in the kitchens and bathrooms as well as refurbished the cabinets/floors. Below market rents present significant upside for this dual property portfolio. Contact listing agents for full Offering Memorandum.

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

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
7/16/2019$2,400,000$2,299,000-4.2%

Community Information

Address:2603-11 C St San Deigo, CA 92102
County:San Diego
Township:Metro Central
Zip Code:92102

Features / Amenities

Total Sq. Ft.:5026

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: 0.12 Acres
Zoning:RM-2-5

Tax and Financial Info

Cap Rate Actual: $4
Cap Rate Projected: $6
Actual Operating Expense: $53, 540
Actual Gross Schd Income: $135, 463

Schools

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2603-11 C St San Deigo, CA 92102
 
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Listing Information Last Updated 9/15/2019
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Listing information last updated on 9/15/2019 11:30 AM.