2735 Commercial St. presents an exciting opportunity to purchase a unique property that is located close to downtown and is always occupied. The property consists of 12 studios and 2 one bedroom units. The studios are large, approximately 400-500 square feet, and have separate kitchens and walk in closets. The building has several nice features including high ceilings, hardwood floors, and on-site laundry that brings in extra income. All the windows were replaced in the past few years and many of the units have undergone renovations. One of the one bedroom units is large and just had a complete renovation and is renting for a premium. There is substantial upside in the rents on the studios as they are currently well below market rents. This property is within blocks of a trolley station and other methods of mass transportation and is very close to downtown. In addition, this area continues to show signs of improvement as demonstrated by the large mixed use development that is a short distance away on Commercial St.
3671 Ocean View Blvd. presents an opportunity for an investor to add value and realize a strong cash flowing asset. The property contains a large 2 bedroom unit, a two story 1 bedroom, along with five studios. The current rents are significantly under market and there is a lot of room to add value and turn this property into a stabilized asset with good return. The on-site laundry room brings in additional income. The major systems and structure of the building are in good shape and the building is properly gated and secured. Located in Logan Heights, this property is close to the 15 freeway and easily accessible to San Diego's mass transit systems.
512-520 32nd St. offers an excellent opportunity to purchase an investment property in the rapidly improving submarket of San Diego known as Logan Heights. This mixed use property includes 7 residential units and a commercial space currently being rented by a church. The unit mix is ideal with one 2 bedroom/1 bath, and six 1 bedroom/1 bath units and there is ample on-site parking. Two of the 1 bedroom units are stand alone cottages and command a rent premium as a result and pay for all their utilities, including water. All windows on the entire property were replaced in the last few years and renovations have been done to about half of the units. Additional income can be generated from the on-site laundry along with the 2 garages and 2 storage containers that are on property. There is value to be added as all the current rents are significantly under market. The property has a great location with easy access to both the 94 and 15 freeways within minutes. Plus the property is walking distance to one of the main thoroughfares in Logan, Market St.
Marcus & Millichap is pleased to present 3728-3738 Herman Avenue, a market rate rental community that presents investors with a desirable opportunity to acquire a multifamily asset primed for short-term growth and long-term appreciation. The property' s solid intrinsic value, combined with the strong rental submarket, make it an attractive investment opportunity. Constructed in 1980, 3728-3738 Herman Avenue is a 14-unit multifamily community located in San Diego, CA situated on 0.28 acres. The property consists of Six, one edroom/one-bath units, four, two-bedroom/one-bath units, and 4, two-bedroom/two-bath unit. 3728-3738 Herman Avenue offers an outstanding opportunity to acquire a stable asset in a well located area of San Diego.
Great Investment Property. Currently Rented for $4,000 per month till 8/2015. Previous tenants have been in the home for 3 years. Never vacant college rental... Features newer tile in living room and kitchen. Large deck with beautiful pool and mountain views
PRICE REDUCED! SELLER MOTIVATED AND WILL RESPOND TO ALL OFFERS. Point Loma 4-Plex that are on a large lot. All units are2br/1bath averaging 795 Square Feet. 3 of the 4 units have been upgraded with newer flooring, cabinets and appliances. With continued upgrading to the units the rents could be raised to market thus achieving close to a 5% cap rate.
Newly Renovated | Fully Leased - 8 Units
5 Separate houses near freeway, Stores, Schools, Parks & Downtown. 2 Br. house have a loundry room. Off street parking and alley access. Never a long Vacancy due to popular location. Could be metered separately. Drive by only!
Location, location! An absolute must see on a premium lot in the heart of North Park. Beautiful NEAR NEW 4 PLEX built in 2012 w/ contemporary style & finishes. EACH UNIT FEATURES 2 bd & 2 ba, own deck or patio, two parking spaces (1 covered) inside gated motorcourt + in-unit laundry! This turnkey, high end property is fully occupied & offers great return. Nicely upgraded thr/out all units, incl. gourmet kitchens w/ quartz counter tops & st steel appliances. Current rental income is approx. $8,000/month. This is an absolute must see on premium lot in the heart of North Park, featuring great views of the neighborhood and downtown. One of "America's Best Hipster Neighborhoods" by Forbes Magazine! Walking distance to University Avenue shopping and dining, close to Morley Field rec area, Balboa Park, tennis club and quick access to I-5 or I-805. Excellent opportunity for investor seeking a high-end, turnkey property with a solid return. Total current rental income is $7,950/month (approx. $2000 per unit). Room dimensions & square footage are approximate, per builder & assessor's record. All MLS & marketing information is approximate & not guaranteed. Buyer to verify
Advani Realty is proud to present an 8 unit newly renovated apartment complex in one of the most desirable zip codes in San Diego today. This complex is located in the North Park sub-market with rising rents, increasing retail and good proximity to the San Diego airport and downtown. Property renovation includes new roof, stucco, extensive plumbing and electrical repairs, laundry room refurbishment, new windows throughout, touch pad gated entry and much more. Each of the 8 units was gutted and renovated with new laminate hardwood floors, stainless steel appliance, brand new cabinetry, granite counters, and custom lighting. Bathrooms have new vanities, tile flooring and surround.