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Alexander Pfleger
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P: 858.483.4687
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2466 1st Ave
San Diego, California CA 92101
Price: $18,999,000
ACTIVE Status, Bedrooms, Full Baths
30,056 SqFt , 0.690 Acres
Listing ID # 180017065

Property Description:

Complete and leasing up quickly! Must have appt to tour!! View Virtual tour link! Class A 22 unit project with premium finishes, high ceilings & a modern soft industrial design. Located in the established residential urban neighborhood of Bankers Hill nestled between Downtown, Little Italy, Hillcrest and Balboa Park. Lofts on Laurel features 21 high-end apartment homes + 1 modern retail space with superb visibility. Units ranging in size from 599-1612 SF + 2249 SF of retail. These luxury apartments include studios, one bedrooms, 1 + Den, and two bedrooms, high-end finishes, bay and city views. This location and the quality of these homes are perfect for urban dwellers. This walkable location and convenient location to San Diego's most notable destinations. Lofts on Laurel was thoughtfully designed with efficient features, contemporary interiors, high-end finishes and unprecedented attention to detail. Expanding your opportunity: Condo Map in process*View Marketing Package*

Primary Features

Market Area: Metro Central
Number of Buildings: 1
Number of Units: 22
Construction: Other/Remarks
Parking Spaces Total: 35

Interior Features

Number of Baths (1): 1
Number of Baths (2): 1
Number of Baths (3): 1
Number of Baths (4): 2
Number of Baths (5): 2.5
Number of Bedrooms (2): 1
Number of Bedrooms (3): 1
Number of Bedrooms (4): 2
Number of Bedrooms (5): 2

External Features

Entry Only: No

Location Information

Zip/Area: SAN DIEGO DOWNTOWN (92101)
Zoning: MR-1000

Financial Details

Assessors Parcel Number: 533-083-10-00
Cap Rate Projected: 3.5
Price/Unit: 909090
Projected F&L Insurange Expense: 12947
Projected Gardener Expense: incl
Projected Gas & Electric: 3000
Projected Gross Multiplier: 19.28
Projected Gross Scheduled Income: 985447
Projected License Expense: incl
Projected Maintenance Expense: 6000
Projected Net Income: 669677
Projected Operating Expense: 290464
Projected Other Expense: 2400
Projected Pest Expense: incl
Projected Prop Management Expense: 33742
Projected Taxes Expense: 223060
Projected Total Expense: 290464
Projected Trash Expense: incl
Projected Vacancy & Credit Los: 25306
Projected Water/Sewer Expense: incl
Sale/Rent: For Sale
Tenant Pays Electric: Y
Tenant Pays Gas: Y
Tenant Pays Water: Y
Terms: Cash, Cash to New Loan


Association ID: San Diego Association of REALTORS (SDAR)
Have: 21 res + 1 Comm
Mandatory Remarks: None Known
Number of Stories: 4
Number of Units (1): 6
Number of Units (2): 5
Number of Units (3): 3
Number of Units (4): 5
Number of Units (5): 2
Number of Units w/Disposals: 21
Number of Units w/Ranges: 21
Number of Units w/Refrigerator: 21
Number Units w/Dishwashers: 21
Sales Restrictions: N/K
SqFt of Improvement: 26224
SqFt Source: Buyer to Verify

Zoning Info

Listing courtesy of Fit Properties
©2019 Sandicor, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from San Diego Multiple Listing Service (SDMLS). The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated on Wednesday, February 20th, 2019 10:52:33 PM.

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