225 231 35Th Street

San Diego, CA 92102

$1,580,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1949

calendar_month Built

Property Description

EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.

Listing Information

List Price $1,580,000
Status Active
MLS NDP2408975
HOA $0
Type Residential Income
Year Built 1949
Lot Size 5,247
Structure Size N/A
Courtesy Of Compass
Listing Agent Tanya Parks DRE#01961090

Interior Features

Laundry Information
Location(s) Common Area, See Remarks
Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Tanya Parks, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 7th, 2024 at 12:43 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.