2985-87 54Th St, San Diego, CA 92105
2985-87 54Th St, San Diego, CA 92105
2985-87 54Th St, San Diego, CA 92105
37
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$1,498,000
Est. payment /mo
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10 Beds
6 Baths
5,975 Sqft Lot
Price Dropped by $50K

2985-87 54Th St San Diego, CA 92105

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Dusty Brazil

Dusty Brazil

+1(760) 207-7245

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 260008464

Bedrooms 10

Full Baths 6

Year Built 1951

Lot Size 5,975 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Turnkey 4-Unit Investment Opportunity – Fully Remodeled! 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 12.25 & 6%+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.

Location

State CA

County San Diego

Area Metro Uptown

Zoning R-3:RESTRI

Direction 54th to 54th Frontage Street, between College Grove and Redwood

Interior

Heating Combination Heating

Cooling Wall/Window

Fireplace No

Exterior

Fence Full

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

Roof Type Composition

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 477-341-01-00

Acceptable Financing Cal Vet, Cash, Conventional, FHA, VA, Special Funding

Listing Terms Cal Vet, Cash, Conventional, FHA, VA, Special Funding

Virtual Tour https://www.propertypanorama.com/instaview/snd/260008464

MLS Router / San Diego MLS
Listed by Mark Revetta, DRE#01248164 OnQu Realty 

NEARBY SCHOOL & BUSINESS

Dusty Brazil
Dusty Brazil

Agent | License ID: 01780273

+1(760) 207-7245 | dustybrazil@gmail.com

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2985-87 54Th St