2985 54th St - Apartments FOR SALE


San Diego, CA 92105- Oak Park
$1,548,000 USD
619-889-6275
2985 54th St, San Diego, CA for Sale
$1,548,000 USD
Apartments - FOR SALE
1/7
null | 5.84% Cap Rate

2985 54th St
San Diego, CA 92105
Oak Park


HIGHLIGHTS

  • 5.84% Cap Rate / 12.6 Gross Rent Multiplier
  • All 4 Units Remodeled and have own in unit laundry
  • All 4 units have A/C, Heat and all new kitchen appliances

OVERVIEW

Turnkey 4-Unit Investment Opportunity – Fully Remodeled! See Virtual Tour for interior pics. Indoor laundry, A/C & heat in all units. Ideal for investors seeking a stabilized asset w/ minimal deferred maintenance. Realistic projection will generate approx $10,250/mo ($123k yr) offering a compelling GRM of 12.6 & 5.85% Cap Rate at list price. Unit mix is three 3-bedroom units & one 1-bedroom unit. Units have not been previously occupied post-renovation, providing a true turnkey opportunity for new owner & tenants. Professionally managed & currently advertising for tenants w/ projected operating expenses of approx 26.5%, including transferrable 6.5% management fee, supporting a solid investment profile. Located in a high-demand rental corridor of San Diego w/ convenient access to mass transit, major freeways, churches, shopping & SDSU only 3.5 miles away. Garage conversion and address update fully permitted by City of San Diego. Ask Broker to forward plans. File too large to upload into MLS. 2,989sf. Tax Rolls not updated yet. No sign up.

FOR SALE DETAILS

PRICE

$1,548,000 USD

PRICE/SF

$612 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,000

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2985-87 54th St 92105

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-3

APN/PARCEL ID

477-341-01

ASK ABOUT THIS PROPERTY

Mark RevettaOnQu RealtyMore Info
619-889-6275

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Mark RevettaOnQu RealtyMore Info
619-889-6275

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.