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Alexander Pfleger
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P: 858.483.4687
ListingAgentSanDiego.com
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2313 Lincoln Avenue
San Diego, California CA 92104
Price: $2,565,000
ACTIVE Status, Bedrooms, Full Baths
6,988 SqFt
Listing ID # 180040620

Property Description:

Located on the corner of Lincoln Avenue and Louisiana Street, this 7,000 square foot lot is home to three individual buildings situated on one parcel. The unit mix consists of five, one-bedroom/one-bath units, and one, two-bedroom/one-bath unit. All one-bedroom units have dual entrances in the front and back, leading directly into charming, private backyards. The attractive Spanish Eclectic architecture is defined by terra-cotta roofing, painted stucco, wrought iron details, exposed beams, and decorative tiles. The Property features very spacious units, with high-end upgrades including hardwood floors, quartz counter-tops, designer paint, crown molding, and stainless steel appliances. Other attributes include five garages, stack-able washer/dryers (in four units), on-site laundry, and private backyards with beautiful landscape and hardscape. Residents benefit from being just a few blocks to the boutiques, restaurants, and nightlife in the heart of North Park along 30th Street and University Avenue.

Primary Features

Market Area: Metro Uptown
Short Sale: no
Number of Buildings: 3
Number of Units: 6
Parking Spaces Total: 5

Interior Features

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 Baths (6): 1
Number of Bedrooms (1): 2
Number of Bedrooms (2): 1
Number of Bedrooms (3): 1
Number of Bedrooms (4): 1
Number of Bedrooms (5): 1
Number of Bedrooms (6): 1

External Features

Entry Only: No

Location Information

Zip/Area: NORTH PARK (92104)

Financial Details

Actual Gross Oper Income: 151,005
Actual Gross Scheduled Income: 150840
Actual Operating Expense: 48,319
Actual Other Income: 4,690
Actual Vacancy & Credit Loss: 4,525
Assessors Parcel Number: 445-691-01-00
Cap Rate Actual: 4
Cap Rate Projected: 4.35
Gross Multiplier: 17.00
Price/Unit: 427500
Projected Gross Multiplier: 15.99
Projected Gross Operating Income: 160,317
Projected Gross Scheduled Income: 160,440
Projected Net Income: 111,518
Projected Operating Expense: 48,799
Projected Other Income: 4,690
Projected Vacancy & Credit Los: 4,813
Sale/Rent: For Sale
Tenant Pays Electric: y
Tenant Pays Gas: y
Tenant Pays Water: y
Unit Rent (1): 2295
Unit Rent (2): 2145
Unit Rent (3): 2045
Unit Rent (4): 1795
Unit Rent (5): 2295
Unit Rent (6): 1995
Unit Rent Total (1): 2295
Unit Rent Total (2): 2145
Unit Rent Total (3): 2045
Unit Rent Total (4): 1795
Unit Rent Total (5): 2295
Unit Rent Total (6): 1995

Additional

Age: 1960
Association ID: San Diego Association of REALTORS (SDAR)
Have: Units
Mandatory Remarks: None Known
Number of Stories: 2
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 (6): 1
Number of Units w/Garage: 5
Sales Restrictions: N/K
Special: None
SqFt of Improvement: 3818

Zoning Info


Listing courtesy of Cushman & Wakefield of San Die
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, non-commercial 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) services provided by SDMLS and CRMLS. 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. © 2019 San Diego Multiple Listing Service, Inc. © 2019 California Regional Multiple Listing Service. Data updated on Tuesday, June 18th, 2019 08:27:44 PM.

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Office: 858-483-4687 | Cell: 619-339-7334 | Email: [email protected] | CA BRE #01043581 | NMLS# 373603

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The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.

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, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited.

Information Deemed Reliable But Not Guaranteed. 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. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2019-05-20

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