$1,595,000
4401 College Ave San Diego, CA 92115
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$1,595,000
Est. payment /mo
8 Beds
4 Baths
728 SqFt
UPDATED:
10/31/2024 09:26 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 728 sqft
Price per Sqft $2,190
Subdivision San Diego
MLS Listing ID 240020486
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1954
Property Description
For Sale: Fully renovated 4-unit apartment property. All units are comfortable 2 bed, 1 bath floor plans, featuring updated kitchens & baths, in-unit laundry, dishwashers, large common area/courtyard space, private storage closets and parking for 2 cars per unit. The property is located in close proximity to San Diego State University and approximately 1 mile to College Square. Total in place rents are $8,745 per month, average rent per unit of $2,186 per month. Proven market rents of $2,470 would allow for ~$300 in additional rental income for 3 units below market, with potential for additional utility reimbursement income. Unit 4405 is now vacant and being renovated by the Owner. This unit will be delivered 'turn-key' with projected rent of $2,500. Property is currently operated as traditional rental. However, student housing and short-term rental would be additional operating options. In-unit amenities include stacked washer/dryer, ceiling fans in each bedroom, stainless steel appliances, luxury vinyl plank flooring, wall AC & wall heater, private back patio for lower-level units, reserved tandem parking, and private storage. Community features include gated entrance, garden area, close proximity to SDSU, grocery store, and college area amenities. Property is professionally managed. Please contact Agent for further information and financials. Drive-by only, do not disturb tenants.
Location
State CA
County San Diego
Community San Diego
Area San Diego (92115)
Building/Complex Name Apartment
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco
Fence Full, Gate
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $2,470
Listing Terms Cash, Conventional
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Listed by Kyle Carruthers • Kyle Carruthers, Broker