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Key Details
Sold Price $1,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 210015183
Sold Date 08/04/21
HOA Y/N No
Year Built 1980
Lot Size 8,276 Sqft
Property Description
BACK ON MARKET! One of the lowest price per unit fourplexes in San Diego County. The property consists of Four spacious - 2bed/1baths averaging - $1,300 a month on a well maintained two story structure, 3 of the 4 tenants are Section 8. Built in 1980's, most of the units are in good condition with one needing light TLC. Recently inspected with no structural issues, roof, plumbing, electrical, foundation and recently cleared for Section 1 termite clearance. The 8,198 sq. ft lot includes four tandem size off-street parking spaces and four extra-large storage spaces that can be rented for additional income along with a back patio barbecue and common area for tenants and guests to enjoy. All leases are month to month, with minor interior upgrades and future rent stabilization this is above a 5.5% CAP. The property is located just south of Talmadge and El Cajon Blvd in City Heights. Tenants enjoy close proximity to places of employment, entertainment, city transportation and recreation. The area has seen considerable improvement over the past decade and will continue to reap the benefits of development and gentrification. This is a great investment for any multi-family investor. Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Unit # for Unit 4: 4 Number of Furnished Units: 0 Frontage: Canyon
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning R-3
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Fence Partial
Pool None
View Y/N Yes
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4716022300
Financing VA
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Bought with James De Leon • Sentry Residential Inc.