$790,000
$799,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 11/01/2018
Key Details
Sold Price $790,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 180050362
Sold Date 11/01/18
HOA Y/N No
Year Built 1945
Lot Size 6,534 Sqft
Property Description
*1st time advertised* 7.1 cap rate *100% occupied 4 unit cottage complex *8 parking spots + 2 car garage *4 different street addresses *Central & high demand area *Street & alley access *4 electric meters & 4 gas meters *Near freeway 8, 15, 805 & 94 *No smelly carpet only tiles, hardwood floor & laminate. ***1st time advertised *** 7.1 cap rate ***Have an easy continuous income with this low-maintenance cottage complex ***Since the cottage are separate from each other, it gives extra privacy to the tenants, & helps to have higher paying tenants for a long time ***The extra privacy between tenants reduces potential tenant conflicts ***Each of the 4 units are 1 bedroom with separate kitchen and bathroom ***High demand rental area & units have always been full since purchased 6 years ago ***Monthly rent income of $5,104 ***The seller pays monthly $145 for water, $83 for insurance & $491 for property tax ***1 of units has private washer & dryer & there is a common laundry for the other 3 units in the complex***Never had any police report, forced entry, etc. ***There is a security gate in the front & alley Neighborhoods: Fairmount Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 4015 Unit # for Unit 2: 4017 Unit # for Unit 3: 4019 Unit # for Unit 4: 4021 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
Community Features Gated
View Y/N No
View None
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 4715121200
Security Features Gated Community
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Teresa Johnson • Premiere Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "