719-731 63rd St - Apartments FOR SALE


San Diego, CA 92114- Encanto
$2,550,000 USD
619-226-6011
719-731 63rd St, San Diego, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/7
null | 5.64% Cap Rate

719-731 63rd St
San Diego, CA 92114
Encanto


HIGHLIGHTS

  • 6 on 1
  • Development Potential
  • Strong Unit
  • Close Proximity to Transit
  • Large Lot
  • 5 Single Story Homes are Fully Renovated

OVERVIEW

We are pleased to present this 6 on 1 in Encanto. The property offers 5 single story 3Br/1Ba houses and a 2-story 3Br/2Ba front house with its own private backyard and driveway. The 5 single story houses are fully renovated with all new but not limited to roofs, stainless steel appliances, dual pane windows, plumbing, electrical, mini splits, ceiling fans in each bedroom and in-unit W&D. The 3Br/2Ba is separately metered for water and gas&electric which tenant pays all utilities for that unit. The owner has plans submitted to the city to demo the 2-story front house and build 4 new 2Br/2Ba units (2,900 SF) with parking. The property currently generates $210,000 gross income yearly bringing in a 5.64% CAP rate on ACTUALS! Call today to get more information on this amazing investment that offers great cash flow and upside to build more units!

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$529 USD /SF

# OF UNITS

6

PRICE/UNIT

$425,000

CAP RATE

5.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,300 SF

ZONING

RX-1-1

APN/PARCEL ID

549-072-04

ASK ABOUT THIS PROPERTY

Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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