6 Units in the heart of Normal Heights, 3 units are brand new, 2 units built in 2018, and the original house was completely remodeled 2 years ago. This is an investors dream providing 6 high end units in a great neighborhood in San Diego. All units should provide trouble free rentals for quite a while as there is not differed maintenance and most appliances are new.
Unit 1: original house is a 679 sq.ft 1 bed 1 bath recently remodeled brining in great income.
Unit 2 and 3: 2018 built Duplex consists of 634 sq.ft and 640 sq.ft 1 bed 1 bath high end units that bring in top of the market rents
Unit 4 and 5: brand new duplex consists of 801 sq.ft and 763 sq.ft 1 bed 1.5 bath executive level units that demand very high rents.
The studio is 335 sq.ft vaulted ceiling open with lots of natural light.
Parking: Units 2 and 3 have personal garages, there is also 1 uncovered space off the ally
Parking: Units 1, 4, and 5, have parking off the front street, 1 space each.
Property Sub Type:
Mixed Use
Property Attached:
No
Lot Area:
6,652 sq. ft.618 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
2018
(Age: 7)
General Listing Location:
San Diego, 92116 - Normal Heights
County Or Parish:
San Diego
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$256,236
Gross Scheduled Income:
$21,353
Net Operating Income:
$198,743
Cap Rate %:
4.97
Rent Control:
No
Total Actual Rent:
$11,504
Land Lease:
No
Fuel Expense:
$0
Insurance Expense:
$6,000
Operating Expense:
$4,791
Professional Management Expense:
$20,496
Trash Expense:
$1,200
Water and Sewer Expense:
$6,000
Tax Lot:
4
Tax Block:
64
From Adams head south on 33rd st 1.2 blocks and its on the left.
Appliances:
Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood, Dryer, Washer
Accessibility Features:
Parking
Number of Buildings:
4
# of Electric Meters:
6
# of Gas Meters:
3
# of Water Meters:
1
# Units Leased:
3
Community Features:
Biking
Senior Community:
No
Interior Features:
Instant Hot Water
Laundry Features:
Washer Hookup, Electric Dryer Hookup, Inside, Stacked
Pool Features:
None
Private Pool:
No
Lot Features:
Back Yard
Subdivision Name:
Normal Heights
Levels:
One
Num Stories:
1
Entry Level:
1
Entry Location:
1
New Constr.:
No
Common Walls:
No Common Walls
# Units:
6
Heating:
High Efficiency, Heat Pump, Zoned
Cooling:
High Efficiency, Heat Pump, Zoned
Utilities:
Cable Available, Cable Connected, Sewer Connected, Water Connected
Electricity:
220 Volts in Kitchen, 220 Volts in Laundry, 220 Volts