Auburn Apartments is a 45 unit apartment building with an excellent mix of 44 two-bedroom, 1 bath units and 1 three-bedroom, one-bath unit. The property features many recent improvements including exterior paint, low-maintenance landscaping and approximately 75% of units renovated. Rents will be increased on the majority of units by 9/1/15 between $1,125 and $1,275. Auburn Apartments presents a solid investment opportunity at cap rate of 5.7% with rent increases in place and as high as 6.19% at market.
TeamPreston: presents Fairmont Park. Residential Income property/Unit Mix consisting of 3 (2) bedroom and 5 (1) bedroom units. On site parking includes 2(2) Car Garages plus 4 spaces. Laundry lease just finished. This is an opportunity for an investor looking for a stable and well maintained property with long term tenants, which still allows for future rental growth. The property is centrally located within San Diego, with easy access to public transportation on University Avenue, and within walking distance to Downtown City Heights, a recently revived business district (University and 15 Interstate). Together with residents and business owner the City Heights Planning Committee has been a driving force in developing a strong community.
Please DO NOT disturb tenants. A rare opportunity to own urban mixed-use property, which includes two retail storefronts and a duplex, along The Boulevard aka El Cajon Boulevard. The Boulevard runs through the cool neighboring communities of North Park, University Heights, and Normal Heights and is located in a densely populated urban established area with nearly 250,000 residents within a 3-mile radius and has a high volume of pedestrian activity. This location is within a hub of convenient shopping, dining, nightlife, recreational amenities, and an exploding arts and music scene. An array of new developments, the redevelopment of existing projects, and an influx of hip and trendy tenants bring continual positive transformation to the area.
Property is being marketing A must see! This attractive home style duplex is comprised of (2) 2bedrooms/1bath with a fully gated entry and a single garage. It has a spacious front yard perfect for kids and is perfect for someone looking to live in one unit and rent out the other or an investor looking for a large cash flow opportunity. The property is in great shape with full renovations including new hardwood flooring, upgraded bathroom, and new fixtures and appliances. There is also a detached laundry unit in the back of the property. The front unit has an attractive oversized kitchen and dining area that tenants seem to really enjoy. The property also has a large side and back yard. The back unit has a private back yard that can use as playground for children. **911 South 37th Street is being marketed with a value range pricing. Seller will entertain offers between $299,000-$325,000. The CAP rate and GRM are based upon $325,000 purchase price.**
3336 Webster Avenue is being marketed with a value range pricing. Seller will entertain offers between $349,000-$375,000. The CAP rate and GRM are based upon $375,000 purchase price. 3336 Webster Avenue is a fantastic duplex with great potential and lots of opportunity. Webster includes a 3bed/1bath unit and a 1bed/1bath, both with great features such as tile and laminate flooring, designer tile backsplashes, beautiful custom bathroom tile designs, floorboards, and clean finishes throughout. This is a great option for an owner who wants to buy a house and investment at the same time. Live in one unit and rent the other unit out to help pay your mortgage.
Purchase Price: $975,000 Building Size: ±5,694 SF Lot Size: ±6,251 SF APN: 471-241-19-00 Rental Upside Newer Roof & Recent Interior Renovations Charming Gated Courtyard Leased Laundry Ample On-Site Parking Individually Metered Units Unit Mix: -1 - 2 Br/2 Ba -2 - 2 Br/1 Ba -5 - 1 Br/1 Ba
3551 and 3555 Front Street includes a professional office building with nine suites as well as a 1 br house. On site parking for up to 13 cars, with wide alley access. Lush rear and side gardens. House renting for $2,145 per month and has a lease. The zoning MR-1000 allows for development of residential units for up to one unit per 1,000 square feet of property. With two parcels, the potential could accommodate up to 12 residential units. Pride of ownership property in Hillcrest. Victorian appeal; The Moore House exemplifies Queen Anne style architecture. Its exterior is adorned with Eastlake style ornamentation. Charming interiors with kitchen and basement, which is one of the suites. Rear entry with enclosed porch. Spacious open enjoyment of space. South west exposure on the high side of Front Street.
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale Casa Celeste, a 78-unit community located at 500 Townsite Drive in Vista, California. Casa Celeste is an established community situated on a 2.68 acre lot. The property provides an investor the rare opportunity to acquire a value-add opportunity in North San Diego County. Residents at Casa Celeste enjoy the spacious grounds, and expansive, open floor plans. The community is well-equipped with two on-site laundry facilities, and open and covered parking. Select units include linen closets, ceiling fans, and faux-granite counter tops. The asset is well-positioned for additional upgrades in an effort to capture the existing loss-to-lease and realize future rent growth in this strong submarket with robust underlying drivers and fundamentals. Since 2000, the population in a 5-mile radius has increased by 13.83%.
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.
This 5-unit property is comprised of: one (1) large 3br/1ba single-family residence (front building), and four (4) 1br/1ba units (center and rear buildings), over a 6,874 square foot lot. The center building is 2-stories, with one 1br/1ba upstairs (3773 1/2), and one downstairs (3773). The rear building has two side-by-side 1br/1ba units (3769 & 3771) above 5 one-car garages. The front house features an adjacent long tandem off-street parking space (room for 3 cars!) and has a lockout laundry room (w/ leased coin-op. equipment). The house has hardwood floors, crown moldings, and charming built-ins, boasting plenty of living space and natural light. The 1br/1ba units feature hardwood flooring (apart from the linoleum in kitchens & bathrooms). Front and center buildings are on elevated foundations and have pitched roofs. Rear building has garages downstairs and a flat roof. Units are separately metered for gas and electricity. The property composition allows for units to be separately metered for water/sewer with relative ease. Development potential exists to build up to eight units. ** Please Do Not Go On the Property or Disturb Tenants! **