Merdad Dashtizadeh

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4158-4164 1/2 32nd
Metro Uptown San Diego 92104

$3,125,000 /312500.0
Com-Res Income 6,978 sq. ft. built: 1957

Main Photo: Property for sale: 4158-4164 1/2 32nd in San Diego
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
190050085
Year Built:
1957
4158-4164 ½ 32nd Street is a nicely renovated 10-unit property located in a quiet and walk-able neighborhood of North Park. Built in 1957 and remodeled in 2016, this tastefully improved building offers its residents a desirable unit mix comprised of 7 one bedroom/one bath units and 3 two bedroom/one bath units. There is 6,264 SF of living space on a 6,978 SF lot and the property has a pitched roof. Improvements include wood laminate flooring, kitchens with new cabinets, counter tops, upgraded appliances, sinks, light fixtures, newer heaters, updated bathrooms, new tiles, ceiling fans, blinds, and updated hardware. Exterior improvements include dual pane windows, custom landscaping, 2 trellises, common area patio space with pergola cover, enhanced gated access with codes, security screen doors, quality fencing and railings, newly poured concrete entryway, brick facade, and a communal laundry room with private storage lockers that produces additional income. Located near El Cajon Blvd. and bustling 30th Street.
Rental Amount:
16550
Price Per Unit:
312500.0
Total Floor Area:
6,978 sq. ft.
Lot Size Commercial:
.25 Acres or less
County:
San Diego
Market Area:
Metro Uptown
Number of Buildings:
1
Number of Units:
10
Stories:
2 Story
Num Stories:
2
Unit Type:
Apartment
Year Built:
1957
Cap Rate.:
4.24
Gross Multiplier:
15.74
Gross operating income:
194442
Gross scheduled income:
198600
Other income source:
Laundry
Other income:
1800
Gardener expense:
1200
Gas / Electric expense:
561
Insurance F&L expense:
2099
Maintainance expense:
1806
Management expense:
9675
Taxes expense:
36707
Trash expense:
2229
Operating expense:
61966
Water/Sewer expense:
6959
Other expense:
250
Pest control expense:
480
Vacancy & Credit Loss:
5958.0
Total expenses:
61966.0
Projected Cap Rate.:
4.38
Projected Gross Multiplier:
15.11
Projected gross operating income:
202415
Projected gross scheduled income:
206820
Projected net Income:
136887
Projected other income:
1800
Projected operating expense:
65528
Projected Vacancy & Credit Loss:
6204.0
Gross equity:
0
Motive / Want:
1031 Exchange
Financial Information Source:
Owner
Existing Financing:
Clear
Short Sale:
No
Listing Type:
Exclusive Right (R)
Exterior Finish:
All Auto Sprinklers, Cable Available, Metal Fence, Part Landscaped, Security Bars, Wood Fence
Special:
None
Parking:
Spaces
Total Parking Spaces:
5
Cooling:
Wall/Window
Heating:
Wall/Gravity
Laundry:
Owned
Construction Material:
Frame, Stucco
Roof:
Composition
Floor finish:
Hardwood, Tile, Other/Remarks
Terms:
Cash, Cash to New Loan, Exchange Up
Number of Units with Disposals:
10
Number of Units with Range/Oven:
10
Number of Units with Refrigerators:
10
Number of Leased Appartments:
10
Zoning:
R-3
Parcel Number:
446-323-22-00
Number of Units in Unit 1:
2
Total Rent for Unit 1:
3600.0
Bedrooms for Unit 1:
2
Bathroom 1:
1
Number of Units in Unit 2:
1
Total Rent for Unit 2:
1825.0
Bedrooms for Unit 2:
2
Bathroom 2:
1
Number of Units in Unit 3:
4
Total Rent for Unit 3:
6400.0
Bedrooms for Unit 3:
1
Bathroom 3:
1
Number of Units in Unit 4:
3
Total Rent for Unit 4:
4725.0
Bedrooms for Unit 4:
1
Bathroom 4:
1
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Larger map options:
Listed by Acre Investment Real Estate
Data was last updated September 16, 2019 at 11:10 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$2,445,000
Min list price:
$999,000
Max list price:
$16,295,000
Avg days on market:
81
Min days on market:
3
Max days on market:
938
Avg price per sq.ft.:
$256.56
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.

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