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Alexander Pfleger
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P: 858.483.4687
ListingAgentSanDiego.com
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3503 Florida Street
San Diego, California CA 92104
Price: $1,950,000
BACK ON MARKET Status, Bedrooms, Full Baths

Listing ID # 190027712

Property Description:

Fantastic SFR plus 4 units close to Morley Field. Brand New Exterior Paint to SFR in May 2019. Charming Remodeled 2Br,1.5Ba Home with HDWD floors. French Doors from Dining Room to Redwood Deck Yard, 2 Car Garage with Laundry. Plus 2014-2020 Myrtle are 4-1Br,1Ba with each having a 1 Car Garage. Awesome property. Assumable Financing of $1,070,000 at 4.7%. Fabulous Location North Park, Hillcrest, Walk to Balboa Park, Zoo, etc...See attached Marketing Package.

Primary Features

Market Area: Metro Uptown
Short Sale: no
Number of Buildings: 4
Number of Units: 5
Construction: Frame, Stucco
Exterior: Cable Available, Part Fenced, Part Landscaped, Remarks
Amenities: CTV Avail, Other/Remarks
Heating: Wall
Cooling: None
Parking: Garages, Other/Remarks
Parking Spaces Total: 6

Interior Features

Floor Covering: Hardwood, Tile, Other/Remarks
Floors: Other/Remarks
Number of Baths (1): 1.5
Number of Baths (2): 1
Number of Baths (3): 1
Number of Baths (4): 1
Number of Baths (5): 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
Stories: 1 Story, 2 Story
Unit Furnished (1): N
Unit Furnished (2): N
Unit Furnished (3): N
Unit Furnished (4): N
Unit Furnished (5): N

External Features

Entry Only: Yes

Location Information

Zip/Area: NORTH PARK (92104)
Zoning: R-3

Financial Details

Actual Cash Flow: 6159
Actual Cash on Cash: .67%
Actual Gross Oper Income: 119100
Actual Gross Scheduled Income: 119100
Actual Insurance F&L Expense: 1909
Actual Operating Expense: 43370
Actual Property Management Expense: 5806
Actual Taxes Expense: 13,559
Actual Total Expense: 35370
Actual Total P&I Pay: 66593
Actual Vacancy & Credit Loss: 2,978
Assessors Parcel Number: 453-290-13-00
Cap Rate Actual: 3.73
Cap Rate Projected: 4.18
Gross Equity: 925000
Gross Multiplier: 16.37
Monthly Rent Total: 9925
Price per SqFt of Improvements: 594.69
Price/Unit: 390000
Projected Cash Flow: 14993
Projected Cash on Cash: 1.62%
Projected F&L Insurange Expense: 1909
Projected Gross Multiplier: 15.22
Projected Gross Operating Income: 128160
Projected Manager Expense: 5806
Projected Net Income: 81586
Projected Taxes Expense: 22827
Projected Total Expense: 43370
Sale/Rent: For Sale
Tenant Pays Electric: Y
Tenant Pays Gas: Y
Tenant Pays Water: N
Terms: Cash, Cash to Existing Loan, Cash to New Loan, Exchange Up, Submit, Other/Remarks
Unit Rent (1): 3300
Unit Rent (2): 1650
Unit Rent (3): 1700
Unit Rent (4): 1750
Unit Rent (5): 1525
Unit Rent Total (1): 3300
Unit Rent Total (2): 1650
Unit Rent Total (3): 1700
Unit Rent Total (4): 1750
Unit Rent Total (5): 1525

Additional

Association ID: San Diego Association of REALTORS (SDAR)
Financial Info Source: Other/Remarks
Have: 2Br.1.5Ba SFR & 4units
Mandatory Remarks: None Known
Number of Leased Apartments: 5
Number of Units (1): 3503
Number of Units (2): 2014
Number of Units (3): 2016
Number of Units (4): 2018
Number of Units (5): 2020
Number of Units w/Disposals: 5
Number of Units w/Drapes: 5
Number of Units w/Garage: 5
Number of Units w/Ranges: 5
Number of Units w/Refrigerator: 5
Sales Restrictions: Call Agent, Other/Remarks
Special: Local Transfer Tax, Other/Remarks
SqFt of Improvement: 3279
SqFt Source: Other/Remarks
Unit Type: Other/Remarks

Zoning Info


Listing courtesy of Siemienowski & Associates
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 25th, 2019 06:31:58 AM.

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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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