For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Teresa Johnson • Premiere Properties