Photo of Crudo & Associates

Crudo & Associates

858.518.1236

DRE# 01424098



$1,700,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180039592

Description

Appox. $125,000 spent in improvements! Under market rents. All units MTM. 4558 40th Street, offers 7 well maintained units in desirable Normal Heights. Consisting of a solid unit mix of (1) 2 bedroom, 1 ½ bath, (2) 2 bedroom 1 bath, and (4) 1 bedroom 1 bath units. Four units have been completely remodeled with new cabinetry, new countertops, new fixtures, new flooring and new appliances. Many on-site improvements have been made to the exterior of the property including a new roof, many new vinyl windows, and xeriscape landscaping. All tenants are afforded their own parking space with 4 off-street spaces in the front of the property as well as 3 tuck under spaces in the rear. With no properties sharing the opposite side of the street, many free spaces are available providing ample parking for the tenants and their guests. Link to drone video: https://vimeo.com/realestateshowcase/2572broadway-mls

Property Details

Property type:
Commercial-Res Income
Age of Building:
1969
Number of Buildings:
1

Location

County:
San Diego

Additional Details

Number of Units:
7
Price Per Unit:
$246,429
Down Payment:
$750,000
SqFt of Improvement:
4,466
Lot Square Footage:
5,485
Assessors Parcel #:
447-062-23-00
Zoning:
R-3:RESTRI
Heating Equipment:
Wall
Parking:
Carports, Spaces

Unit Details

Unit 1
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$1,520
Unit 2
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,725
Unit 3
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,432
Unit 4
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,425
Unit 5
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$1,390
Unit 6
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$1,365
Unit 7
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.00
Rent:
$1,235

Features

Floor Coverings:
Vinyl
Construction Features:
Stucco

Listing provided by

Apartment Consultants, Inc.
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Normal Heights

The Normal Heights community was founded in 1906, and soon became one of San Diego's first "streetcar suburbs" with the development of an electric trolley route along Adams Avenue. The neighborhood is centrally located within the city of San Diego, just south of Mission Valley. Like many other urban neighborhoods north of Balboa Park, Normal Heights has a high rate of pedestrian ... Read More

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Presented By
Crudo &
Associates

DRE# 01424098

858.518.1236

Email Us
Presented By
Crudo &
Associates

DRE# 01424098

858.518.1236

Email Us

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.