Currently viewing 1 of 80
For more information on this property, contact Gloria Roma at 619-993-3734 or gloria@sandiegohomesforsaleca.com

2250-54 Garnet Ave
San Diego, California CA 92109
Sold For: $2,700,000
Listing ID 230005574
Status SOLD
SqFt 6,241
Acres 0.140

Property Description:

Turn-key and rented for immediate cash flow. All units are 2bed/1baths. Bungalow (Detached) 929sf w/ private laundry. Four-Plex has 2 units on first level and 2 units on second level. First level units are 646sf each - Second level units are 722sf each. Renovations include new waterproof luxury vinyl plank flooring throughout, new kitchen cabinets, quartz countertops, new appliances, new built-ins throughout, upgraded electrical. Three of the five units were renovated (2022) throughout. All units have been well maintained and updated. Some renovations completed by the seller: Exterior paint, roof replacement, updated electrical, hedge trimming, parking space expansion, Hardscape cleaning, Laundry room renovation. Zoning may allow additional non-residential uses. See zoning info in documents tab. All units are rented. Add coin laundry to increase revenue, add water meters etc. OM Available in document tab. Full list of renovations available upon request.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income
Zoning: CO-1-2

Interior

Cooling: Wall/Window
Heating: Wall
Number of Baths (1): 1
Number of Baths (2): 1
Number of Baths (3): 1
Number of Baths (4): 1
Number of Baths (5): 1
Number of Bedrooms (1): 2
Number of Bedrooms (2): 2
Number of Bedrooms (3): 2
Number of Bedrooms (4): 2
Number of Bedrooms (5): 2
Number of Stories: 2
SqFt of Improvement: 3816
SqFt Source: Taped
Stories: 2 Story
Unit Furnished (1): N
Unit Furnished (2): N
Unit Furnished (3): N
Unit Furnished (4): N
Unit Furnished (5): N
Unit Type: Apartment

External

Construction: Brick, Drywall, Frame, Lath/Plaster, Stucco
Entry Only: No
Exterior: Front Sprinklers, Fully Landscaped, Metal Fence
Lot Size: .25 Acres or less
Number of Buildings: 2
Number of Units: 5
Number of Units (1): 1
Number of Units (2): 1
Number of Units (3): 1
Number of Units (4): 1
Number of Units (5): 1
Number of Units w/Disposals: 3
Number of Units w/Drapes: 5
Number of Units w/Ranges: 5
Number of Units w/Refrigerator: 5
Number Units w/Dishwashers: 3
Parking: Spaces
Parking Spaces Total: 5
Projected Gas & Electric: 631.84
Roof: Composition

Location

Country: United States
Market Area: Coastal South
Zip/Area: PACIFIC BEACH (92109)

Additional

Age: 77
Class: COMMERCIAL-RES INCOME
Have: Real Estate
Mandatory Remarks: None Known

Financial

Actual Gardener Expense: 1020
Actual Gas & Electric Expense: 631.84
Actual Gross Scheduled Income: 167400
Actual License Expense: 75
Actual Operating Expense: 14060
Actual Property Management Expense: 16740
Actual Taxes Expense: 2004
Actual Trash Expense: 3600
Actual Water/Sewer Expense: 4658
Cap Rate Actual: 5.2
Cap Rate Projected: 3.7
Financing: Cash
Gross Equity: 2900000
Gross Multiplier: 17.3
Monthly Rent Total: 13950
Number of Leased Apartments: 5
Price/Unit: 580000
Projected Cash Flow: 107060.22
Projected F&L Insurange Expense: 2800
Projected Gardener Expense: 1020
Projected Gross Scheduled Income: 172200
Projected Net Income: 113621
Projected Operating Expense: 58579
Projected Taxes Expense: 35274.44
Projected Trash Expense: 3600
Projected Water/Sewer Expense: 4658
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no
SP$/LP$: 0.93
Tenant Pays Electric: Y
Tenant Pays Gas: Y
Tenant Pays Water: N
Terms: Cash, Other/Remarks
Unit Rent (1): 3400
Unit Rent (2): 2350
Unit Rent (3): 2600
Unit Rent (4): 2800
Unit Rent (5): 2800

Zoning Info


Area Info


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, noncommercial 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 © 2024 San Diego MLS. Data updated on Thursday, March 28th, 2024 03:44:16 PM.

Contact - Listing ID 230005574

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Gloria Roma

San Diego, CA 92123
Phone: 619-993-3734

Data services provided by IDX Broker
{"page":"listing","idxID":"c010","listingID":"230005574","extra":"2250-54-Garnet-Ave-San-Diego-CA-92109","printable":"","type":"detailsContact"}
https://sandiegocahomeforsale.com
details.php
https://listings.sandiegocahomeforsale.com
details