2263 L Street

    San Diego, CA 92102
    • $1,925,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 190041015
    $1,925,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Unique opportunity to own seven units on an over-sized lot in the path of progress just a few blocks from the East Village of Downtown San Diego, California. This is an irreplaceable asset that benefits from walking proximity (~700 feet) to the Walmart Neighborhood Market and light rail stop (~850 feet) with direct non-stop access to the 12th Avenue Metro Transit Station just outside the iconic Petco Park. The units consist of Six 2 bedroom 1 bath units and One 2 bedroom 2 bath unit. Currently, the unit rents range from $1,350-$1,600 per month with realistic upside to $1,750. Sherman Heights is a unique neighborhood bordering two other premier and highly desirable neighborhoods (Golden Hill and East Village Down Town). This asset is situated among many single family homes including historic Victorian homes that add to the unique charm of this sub-market. The region is expected to add 500,000 by 2050 according to SANDAG. Buyer will benefit from strong economic fundamentals supporting rent increases over time.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/97253354

    2263 L Street San Diego, CA 92102

    • Price: $1,925,000
    • Status: Active
    • ID#: 190041015
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    County:
    San Diego
    Property Description
    Unique opportunity to own seven units on an over-sized lot in the path of progress just a few blocks from the East Village of Downtown San Diego, California. This is an irreplaceable asset that benefits from walking proximity (~700 feet) to the Walmart Neighborhood Market and light rail stop (~850 feet) with direct non-stop access to the 12th Avenue Metro Transit Station just outside the iconic Petco Park. The units consist of Six 2 bedroom 1 bath units and One 2 bedroom 2 bath unit. Currently, the unit rents range from $1,350-$1,600 per month with realistic upside to $1,750. Sherman Heights is a unique neighborhood bordering two other premier and highly desirable neighborhoods (Golden Hill and East Village Down Town). This asset is situated among many single family homes including historic Victorian homes that add to the unique charm of this sub-market. The region is expected to add 500,000 by 2050 according to SANDAG. Buyer will benefit from strong economic fundamentals supporting rent increases over time.
    Exterior Features

    Carport Spaces 7.00 Lot Size Units Square Feet Parking Total 7.00

    Property Features

    Cap Rate 4.16 Country Us Gross Scheduled Income 121800.00 Operating Expense 40551.00 Property Sub Type Commercial/Residential Total Monthly Rent 10150

    Listing provided courtesy of Aziz Zakkout of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
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    La Jolla CA, 92037