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    4784-86 Auburn Dr

    San Diego, CA 92105
    • $1,095,000
    • STATUS: PENDING
    • ON SITE: 140 days
    • ID#: 200052878
    Pending
    UPDATED: 43 min ago
    $1,095,000
    • 8
      BEDS
    • 0.18
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    Description

    One of the lowest price per unit fourplexes in San Diego County. Four spacious - 2bed/1bath units rented below market at $1,300 on a well maintained two story structure, 3 of the 4 tenants are Section 8. Built in 1980's, most of the units are upgraded with one needing light TLC to bring the rents to market. The 8,198 sq. ft lot includes four tandem size off-street parking spaces and four large storage spaces that can be rented for additional income along with a back patio barbecue and common area for tenants and guests to enjoy. All leases are month to month, with minor interior upgrades and future rent stabilization this is above a 5.5% CAP. The property is located just south of Talmadge and El Cajon Blvd in City Heights. Tenants enjoy close proximity to places of employment, entertainment, city transportation and recreation. The area has seen considerable improvement over the past decade and will continue to reap the benefits of development and gentrification. This is a great investment for any multi-family investor.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/112305750
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    4784-86 Auburn Dr San Diego, CA 92105

    • Price: $1,095,000
    • Status: PENDING
    • Updated: 43 min ago
    • ID#: 200052878
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.18
    Acres
    1980
    Built
    Neighborhood:
    City Heights
    County:
    San Diego
    Area:
    East San Diego (92105)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    Property Description
    One of the lowest price per unit fourplexes in San Diego County. Four spacious - 2bed/1bath units rented below market at $1,300 on a well maintained two story structure, 3 of the 4 tenants are Section 8. Built in 1980's, most of the units are upgraded with one needing light TLC to bring the rents to market. The 8,198 sq. ft lot includes four tandem size off-street parking spaces and four large storage spaces that can be rented for additional income along with a back patio barbecue and common area for tenants and guests to enjoy. All leases are month to month, with minor interior upgrades and future rent stabilization this is above a 5.5% CAP. The property is located just south of Talmadge and El Cajon Blvd in City Heights. Tenants enjoy close proximity to places of employment, entertainment, city transportation and recreation. The area has seen considerable improvement over the past decade and will continue to reap the benefits of development and gentrification. This is a great investment for any multi-family investor.
    Exterior Features

    Exterior Other/Remarks Fencing Partial Frontage Canyon Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Pool N/K Pool Heat None Known Roof Other/Remarks Site N/KOther/Remarks Spa N/K Spa Heat None Known Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4 View Other/RemarksValley/Canyon

    Interior Features

    Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Other/Remarks Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

    Property Features

    Actual Cap Rate 3.7 Additional Property Use Ormks Age Restrictions N/K Annual Expense Actual 20316 Annual Expense Projected 20316 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community City Heights Complex Features Other/Remarks Complex Park 0 Cross Streets Auburn Gross Rent Multiplier Actual 17.5 Gross Rent Multiplier Project 13.0 Gross Scheduled Income Actual 62400 Gross Scheduled Income Project 84000 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 61165 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Other/Remarks Projected Cap Rate 5.6 Projected Other Income 300.0 Sales Restrictions N/K Security N/K Sewer Septic Other/Remarks Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 1750.0 Unit1 Rent Actual 1275.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1750.0 Unit2 Rent Actual 1325.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1750 Unit3 Rent Actual 1325.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 1750 Unit4 Rent Actual 1275.0 Zoning R-3

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2021 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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