1990 Harrison Ave,San Diego, CA 92113
San Diego, CA 92113
Description
4 units with two newly constructed 2BR/1BA units, an extensively remodeled 2BR/1BA home, and a remodeled 1BR loft. Two units are currently vacant, providing immediate flexibility for an owner-user, market-rate lease-up, or investor seeking control of the rental schedule. The two new construction units are approximately 750 SF each and currently rent for $2,900/month and share a laundry room. The detached home is approximately 1,150 SF with in-unit laundry and projected rent of $3,200/month, while the approximately 350 SF loft is projected at $1,872/month. $125,400 reported gross scheduled income, 12.56 GRM and approximately 5.57% cap rate at the current asking price. The property offers a compelling combination of newer construction, extensively renovated existing improvements, strong income, vacant-unit flexibility and limited anticipated near-term capital needs. Additional features include rooftop decks, porches, views, high-end finishes and a convenient location near Downtown San Diego. A strong opportunity for investors or owner-users seeking renovated 4-unit product with significantly less deferred maintenance than much of the surrounding inventory. Offering Memorandum available in the MLS documents. Virtual tours available for the detached home and loft.
Details
| MLS # | 260017740SD |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 58 |
| Listing Provided By | ACI Apartments | Christina Labowicz |
Features
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Building(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Roof | Composition |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Community Name | Logan Heights |
| Listing VS Median (in Logan Heights) | |
Price: $1,575,000 low | high Med: $580,000 On site: 58 low | high Med: 29 | |
Market Activity 92113
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Community Name | Logan Heights |
| Listing VS Median (in Logan Heights) | |
Price: $1,575,000 low | high Med: $580,000 On site: 58 low | high Med: 29 | |
