For more information on this property, contact Alexander Pfleger at 858-483-4687 or [email protected]

3846 35th Street
San Diego, California CA 92104
Price: $3,850,000
Listing ID 190007149
SqFt 14,591
Acres 0.340

Property Description:

Built in 1988, The apartments at 3846 35th Street consist of (8) Three Bedroom/Two bath units, and (4) Two bedroom/Two bathroom units that are all in good condition. (2) of these units are Townhome style. There are also 12 deep single car garages and 14 off-street parking spaces which provide ample parking and storage for tenants. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ There is significant and realistic upside in rental income to achieve here with very minimal remodeling to units. All major systems are in good condition. Don't miss this deal if you are looking for a Trophy asset in the path of progress.

Primary Features

Market Area: Metro Uptown
Number of Buildings: 2
Number of Units: 12
Construction: Drywall, Frame, Stucco
Roof: Composition
Parking: Garages, Spaces
Parking Spaces Total: 14

Interior Features

Floor Covering: Hardwood, Tile, Vinyl
Floors: Slab
Number of Baths (1): 2
Number of Baths (2): 2
Number of Bedrooms (1): 3
Number of Bedrooms (2): 2
Stories: 2 Story

External Features

Entry Only: No
Lot Size: .25 through .50 Acres

Location Information

Zip/Area: NORTH PARK (92104)
Zoning: RM-1-1

Financial Details

Actual Gross Scheduled Income: 277296
Actual Operating Expense: 88985
Assessors Parcel Number: 447-452-33-00
Cap Rate Actual: 4.85
Cap Rate Projected: 6.5
Gross Multiplier: 13.9
Monthly Rent Total: 23108
Price/Unit: 320000
Projected Cash on Cash: 7.8
Projected Gross Multiplier: 11.2
Sale/Rent: For Sale
Unit Rent (1): 2012
Unit Rent Total (1): 16096
Unit Rent Total (2): 6452


Age: 1980
Association ID: San Diego Association of REALTORS (SDAR)
Have: Trophy Mix & 12 Garages
Laundry: Leased
Mandatory Remarks: None Known
Number of Leased Apartments: 12
Number of Stories: 2
Number of Units (1): 8
Number of Units (2): 4
Number of Units w/Garage: 12
Sales Restrictions: N/K
SqFt of Improvement: 10875
SqFt Source: Tax Record

Zoning Info

Listing courtesy of South Coast Commercial, Inc.
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