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Bob Adams

Bob Adams

RE/MAX Associates
San Diego, CA 92128

858-484-6865
Contact Me
CA BRE#00683256

Contact Me





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Listing 1 out of 1,512
$5,390,000 For Sale

2188 San Diego Avenue
San Diego, CA 92110

21 units | Multi Family 5+ - MLS# 180066329
Property Photo
1/6

Description

Solis place is a 21 unit apartment building that has undergone full renovations in 2017. There are all new electrical pipes, wires, breakers, plugs and switches, new wall studs, beams, doors and windows. Each unit is completely furnished with new cabinets, flooring and appliances. The 7,768 SF property is professionally managed by the seller, who will continue to manage after the sale unless otherwise stated. The listing price is $5,390,000 with a cap rate of 4.57%. Gross income per unit is $18,008/Year. Please visit the property but do not disturb the tenants! Please call Marc Shapori at 858-531-8434 with any questions, or email at mshapori@naisandiego.com.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92110
  • Age: 1965
  • Stories: Tri-Level
  • Units: 21 units
  • # of Bedrooms (1): 1
  • # of Buildings: 1
  • # of Stories: 3
  • # of Units (1): 7
  • # of Units (2): 14
  • # of Units w/Ranges: 21
  • # of Units w/Refrigerator: 21
  • Actual Gross Oper Income: $358, 675/Year
  • Actual Gross Schd Income: 362964
  • Actual Ins. F&L Expense: $3, 787/Year
  • Actual Maintenance Exp.: $10, 108/Year
  • Actual Operating Expense: $118, 156/Year
  • Actual Supplies Expense: $2, 000/Year
  • Actual Taxes Expense: $66, 000/Year
  • Actual Total Expense: $118, 156/Year
  • Cap Rate Actual: 4.57
  • Construction: Drywall
  • Cooling: Central Forced Air Elec
  • Floor Covering: Tile
  • Gross Equity: 5390000
  • Heating: Central Forced Air Elec
  • Listing Area: OLD TOWN SD (92110)
  • Lot SqFt: 7768
  • Monthly Rent Total: 30247
  • Parking: Spaces
  • Roof: Tile
  • Siding: Cable Available
  • SqFt of Improvement: 7417
  • Unit Furnished (1): Yes
  • Unit Furnished (2): Yes
  • Unit Rent (1): $1, 571
  • Unit Rent (2): $1, 375
Courtesy of NAI San Diego



Bob Adams | 858-484-6865 | Contact Me
16787 Bernardo Center Dr Suite 6 - San Diego, CA 92128
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