AD-VALUE OPPORTUNITY!!! 18 Large 2br/2bath units. Seven units recently renovated. Upside in rents with very little work or far exceed the pro-forma 5.8% cap rate by completing the interior renovations and raising the rents to market. Many recent exterior and interior capital improvements. Historical 0% Vacancy.
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.
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
ACRE Investment Real Estate Services is proud to present 155 Cherry Avenue, a duplex located just 1/2 block from the ocean in one of the most beautiful beach cities in America. 155 Cherry Avenue currently consists of two one bedroom, one bath units and two 1 1/2 car deep garages rented out separately. The units are currently rented for $1,325 and $1,425 and feature large living room windows, ocean views and private patios. The large garages are rented out to separate tenants for $250 per month. There are also two storage buildings at the back of the property. The roof was replaced in the last two years and new garages doors were installed this year.
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 13 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.
Price Upon Req.134,800 SF
SUN RIDGE APARTMENTS is a garden-style apartment community totaling 160-units, centrally located just 20 minutes east of downtown San Diego, UTC/La Jolla and the Pacific Ocean, in the desirable Santee community. The property' s location places residents near high-quality employment, newly constructed retail destinations, top notch recreation along the San Diego River and higher education. The community is comprised predominately of spacious two bedroom floor plans and displays prominently along the SR-52 and -67, providing access to all of San Diego. Sun Ridge Apartments offers investors a premier value-add opportunity in a strong, middle class San Diego market that is inventory starved for high quality rental housing by residents being priced out of more expensive locations in central, coastal San Diego County submarkets.
Now available, this 4 unit property features a 3br/2ba unit and (3) 2br/1ba units with a private shared courtyard. 3 out of 4 units have been remodeled with new kitchen cabinets, new appliances, remodeled bathrooms and new carpet. 4th unit is currently being remodeled. Good opportunity for an owner user or investor. Centrally located close to College Grove Shopping Center and easy access to nearby freeways and transportation.
Price Just Reduced!! Priced To Sell!! 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. **The CAP rate and GRM are based upon $295,000 purchase price.**
Marcus & Millichap is pleased to present for sale an eight (8) unit apartment building located in the City Heights neighborhood of central San Diego, California. The interior and exterior of the property have been well-maintained and steadily upgraded in recent years. The building comprises an excellent unit mix of all two-bedroom, one-bathroom units. There is ample off-street parking in the front and rear of the building with alley access, as well as a large lawn area in the front of the building with picnic tables. City Heights boasts a diverse and vibrant community and has a high concentration of grocery and retail stores, independently owned businesses and restaurants, and a diverse housing market. The subject property is situated in close proximity to many comparable apartment complexes and has immediate upside in rents. City Heights is known for being a very walkable neighborhood and the property is conveniently located within one block of several eateries, grocery stores, a Walgreens, and well-known University Avenue, which is a main public transportation corridor.