3711-3719 35Th St

San Diego, CA 92104 View Map $1,100,000 Schedule a Showing
Beds5
Baths4
Sq.Ft.3,472
Year1942
Joy Bender

Joy Bender

(760) 212-2717
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Status: Active
Listing Office:Ascent Real Estate, Inc
Property Type:Res Income 2-4 Units
MLS #:190039162
Sq. Feet:3,472
On Site:122 Days
Lot Size:0.08 Acres
County:San Diego
Beautifully maintained 4 unit property in Cherokee Point. Property consists of (3) 1 bedroom, 1 bath units and (1) 2 bedroom, 1 bath, a 2 car garage and a 1 car garage and 2 additional parking spots. Units to be sold in conjunction with MLS#190039160 (a 3 bedroom 1.5 bath home listed at $600,00). On record they are two separate parcel numbers, but real make-up of property is 5 units. Each parcel can be financed separately to avoid commercial financing. Property is located within an "opportunity zone".

"Opportunity zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged."

Mortgage Calculator

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

Detailed Maps

Community Information

Address:3711-3719 35Th St San Diego, CA 92104
County:San Diego
Area (MLS Code):Metro Uptown
Subdivision:Cherokee Point
Zip Code:92104
Community:NORTH PARK

School Information

Architecture

Bedrooms: 5
Bathrooms: 4
Year Built:1942
Stories:2
Exterior: Stucco, Wood, Wood/Stucco
Total Stories: 2
Unit 1: 1 bed, 1 bath. Rent: $1025
Unit 2: 1 bed, 1 bath. Rent: $850
Unit 3: 1 bed, 1 bath. Rent: $795
Unit 4: 2 beds, 1 bath. Rent: $1100
Roof: Composition, Tile/Clay
Parking for RV: Gated

Features / Amenities

Total Sq. Ft.:3472
View: Evening Lights
Heating: Wall/Gravity
Heat Source: Natural Gas
Water Heater: Gas

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: 0.08 Acres
Lot Dimensions:1-3,999 SF
Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
Irrigation: Sprinklers
Topography: Level
Complex Features: Laundry Facilities
Water: Meter on Property
Sewer: Sewer Connected
Telecommunications: Cable (coaxial)
Fencing: Full, Gate
Zoning:R-3:RESTRI
Directions:University to 35th, south to property.

Tax and Financial Info

Gross Sched Income Actual: $45, 240
Gross Sched Income Projected: $66, 600
Annual Expense Actual: $11, 310
Annual Expense Projected: $17, 550
Cap Rate Actual: $3
Cap Rate Projected: $4
Tenant Pays: Electricity
Terms: Cash, Conventional, FHA, VA

Schools

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3711-3719 35Th St San Diego, CA 92104
 
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Listing Information Last Updated 11/14/2019
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Listing information last updated on 11/14/2019 8:45 PM.