225 231 35th Street
San Diego, CA 92102
- – beds
- – baths
- – sqft
- 5,247 sqft lot
- 1949 build
- – on site
EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Oct 7, 2024
•
MLS# NDP2408975 —
The Building
-
Year Built:1949
-
Entry Level:1
-
Common Walls:2+ Common Walls
-
Building Area Total:2159.00
-
# of Buildings:3
-
Total Number Of Units:4
-
Stories Total:1
-
# of Separate Gas Meters:5
-
# of Separate Water Meters:1
-
# of Separate Electric Meters:5
Interior
-
Entry Location:1
-
Fireplace:No
-
Laundry:Common Area, Dryer Included, See Remarks, Washer Included
-
Laundry:1
Location
-
Directions:Use GPS.
-
Latitude:32.70747800
-
Longitude:-117.11850900
The Property
-
Property Type:Residential Income
-
Zoning:R-2
-
Lot Features:0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Level with Street, Level, Park Nearby, Yard
-
Lot Size Area:5247.0000
-
Lot Size Acres:0.1205
-
Lot Size SqFt:5247.00
-
Lot Size Source:Public Records
-
Fence:No
-
Property Attached:1
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Tract:363
-
Tax Lot:3
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5461260200
Heating & Cooling
-
Cooling:No
Utilities
-
Sewer:Public Sewer
Appliances
-
Included:No
The Community
-
Senior Community:No
-
Neighborhood:San Diego
-
Features:Curbs
-
Pool:None
-
Private Pool:No
-
Association:No
-
Assessments:Yes
-
Assessments:Unknown
Parking
-
Parking:No
Extra Units
-
Average 1 Bed Area:495
-
Average 2 Bed Area:615
-
Number With Refrigerator:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/6/24
Oct 6, 2024
|
Listed / Active | CRMLS_CA | $1,580,000 |
