$1,025,000

734 S 46th St

San Diego CA, 92113

Description

*FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Current rents are low, roughly 45% upside. Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via alley. 1 tenant has about 9-months remaining on current lease. All others are month-month. Located in quiet, residential area with easy access to 805 freeway. Information deemed reliable, but not guaranteed. All potential buyers must take appropriate measures to verify all information set forth herewith.

Details

MLS#PTP2000812
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site98

Features

SQ Feet3,310
Units5
Building(s)1

Market Activity 92113

Loading Form
Loading Form
Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92113
Area92113 - Logan Heights92113 - Logan Heights
Listing VS Median (in 92113)
Price:
$1,025,000
low | high
Med:
$550,000
96.341463414634% of Average
SqFt:
3,310
low | high
Med:
0
100% of Average
$ / SqFt:
$310
low | high
Med:
$0
100% of Average
On Site:
98
low | high
Med:
101
97.029702970297% of Average
Listing Updated: January 14, 2021 2:51:00 AM PST
Max Delbecq LogoMLS Number: PTP2000812
Listing Provided By:
Max Delbecq  of  Top Gun CRE
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.