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    4979 Auburn Dr

    San Diego, CA 92105
    • $3,025,000
    • STATUS: Active
    • ON SITE: 100 days
    • ID#: SDC0000117
    UPDATED: 83 min ago
    $3,025,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    We are pleased to offer 8 Large Townhomes in the thriving City Heights neighborhood of San Diego. All units have off-street parking, laundry hookups, private rear patio areas, and have undergone recent remodeling of bathrooms. Flooring of all units common areas have low-maintenance ceramic tile. Additional upgrading of appliances could also open these units up to the next higher tier of market rents. The larger townhome format layouts, and resulting larger tenant family units, along with the individual metering of utilities, result in a lower operating cost percentage, as well as lessened required management oversight. Overall, 4979 Auburn Drive represents an exceptional piece of investment property in the globally desired San Diego California rental market, both through long-term cash flow and as a value-add opportunity. [Note: "Projected" rents and financials are based on ACTUAL rents currently paid on units in this property of the same size, and finish] Exterior: ,,,

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T00:28:49.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/116275071
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    4979 Auburn Dr San Diego, CA 92105

    • Price: $3,025,000
    • Status: Active
    • Updated: 83 min ago
    • ID#: SDC0000117
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    Neighborhood:
    92105 - East San Diego
    County:
    San Diego
    Area:
    92105 - East San Diego
    Property Description
    We are pleased to offer 8 Large Townhomes in the thriving City Heights neighborhood of San Diego. All units have off-street parking, laundry hookups, private rear patio areas, and have undergone recent remodeling of bathrooms. Flooring of all units common areas have low-maintenance ceramic tile. Additional upgrading of appliances could also open these units up to the next higher tier of market rents. The larger townhome format layouts, and resulting larger tenant family units, along with the individual metering of utilities, result in a lower operating cost percentage, as well as lessened required management oversight. Overall, 4979 Auburn Drive represents an exceptional piece of investment property in the globally desired San Diego California rental market, both through long-term cash flow and as a value-add opportunity. [Note: "Projected" rents and financials are based on ACTUAL rents currently paid on units in this property of the same size, and finish] Exterior: ,,,
    Exterior Features

    Carport Spaces 0 Construction Materials Stucco Parking Total 10 Roof Composition

    Interior Features

    Cooling YN Yes Heating Radiant Heating YN Yes

    Property Features

    Association Fee 0 Cap Rate 5.3 Gross Scheduled Income 228276 Listing Agreement Seller Reserved Net Operating Income 160240 Operating Expense 62336 Property Sub Type Mixed Use Zoning R-4:Multip

    Listing provided courtesy of Marco Roman of Marco Roman, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T00:28:49.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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