4723-31 Oregon Street

    San Diego, CA 92116
    • $2,490,000
    • STATUS: ACTIVE
    • ON SITE: 226 days
    • ID#: 190012348
    UPDATED: 47 min ago
    $2,490,000
    • 4
      BEDS
    • 0.19
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Oregon Street Cottages-a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and a 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. Additionally, the subject property is just minutes from Downtown San Diego, Mission Valley, The Beach, and Balboa Park. With a walk score of 86 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Residents enjoy a quiet and peaceful courtyard area with lush landscaping and an on site laundry facility. The Oregon Street Cottages offer an investor the opportunity to raise rents to market levels without much updating. With continued gentrification in the area one should expect solid rent growth moving forward for many years to come.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/92425563

    4723-31 Oregon Street San Diego, CA 92116

    • Price: $2,490,000
    • Status: ACTIVE
    • Updated: 47 min ago
    • ID#: 190012348
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.19
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    The Oregon Street Cottages-a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and a 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. Additionally, the subject property is just minutes from Downtown San Diego, Mission Valley, The Beach, and Balboa Park. With a walk score of 86 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Residents enjoy a quiet and peaceful courtyard area with lush landscaping and an on site laundry facility. The Oregon Street Cottages offer an investor the opportunity to raise rents to market levels without much updating. With continued gentrification in the area one should expect solid rent growth moving forward for many years to come.
    Exterior Features

    Units With Garages 0

    Interior Features

    Sq Ft Of Improvement 4125

    Property Features

    Actual Cap Rate 4.43 Actual Gardener Expense 900 Actual Gas And Electric 600 Actual Gross Scheduled Income 143940 Actual License Expense 500 Actual Maintenance Expense 5950 Actual Operating Expense 41745 Actual Taxes Expense 29294 Actual Total Expense 41745 Actual Vacancy And Credit Loss 4318 Actual Water Sewer Expense 3000 Assumable Finance 0 Buildings 7 Complex Features Other/Remarks Gross Equity 1200000 Gross Multiplier 17.30 Have Real Estate Mandatory Remarks None Known Market Area Metro Uptown Motive Want Exchange Other Income Actual 12540 Projected Cap Rate 5.1 Projected Fl Ins Expense 1500 Projected Fl Ins Expense1 1500 Projected Gardener Expense 1300 Projected Gas And Electric 600 Projected Gross Multiplier 15.73 Projected Gross Scheduled Inc 158340 Projected License Expense 500 Projected Maintenance Expense 5950 Projected Net Income 126985 Projected Operating Expense 42145 Projected Other Income 15540 Projected Taxes Expense 29294 Projected Total Expense 42145 Projected Vacancy And Credit Loss 4750 Projected Water And Sewer Expense 3000 Unit Number1 6 Unit Number2 1 Unit Rent Total1 9000 Unit Rent Total2 2995 Unit Rent1 1500 Unit Rent2 2995

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592