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

3503 Florida Street
San Diego, California CA 92104
Price: $1,950,000
Listing ID 190027712
Status ACTIVE

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
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