San Diego CA  home offered at $3,000,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

3960 Idaho St
San Diego, California CA 92104
Sold For: $3,375,000
Listing ID: 220019166SD
Status: Closed
Sold Date: 9/28/2022

-Prime Central San Diego Location – North Park -Value-Add Opportunity (60% Upside in Rents) -Excellent Unit Mix of 1Bdrm & 3Bdrm Units -High Demand Rental Market -Garages and Off-Street Parking -Spacious Floor Plans -Easy Access to Local Services and Major Freeways -Located Near Shops, Restaurants and Transportation The Idaho Street Apartments, a nine (9) unit apartment complex in North Park, San Diego, represents a unique value-add investment opportunity. There is substantial upside in rental income (approximately 60%). The subject property is located on a 7,004sf lot consisting of three (3) 3bedroom / 1.5bathroom and six (6) 1bedroom / 1bathroom units. The property has ample off- street parking plus two (2) double-car garages. ***The identical building located at 4152 Iowa Street is also listed for sale and can be sold to the same buyer for a total of 18-Units.*** Ideal value-add opportunity located in one of San Diego's best rental markets.

Primary Features

County: San Diego
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale
Zoning: RM-3-9

Interior

Cooling Type: Wall/Window Unit(s)
Cooling: yes
Heating: yes
Heating Type: See Remarks

External

Construction Materials: Block, Stucco
Number Of Buildings: 1
Parking Total: 11
Phase: 9
Roof: Wood

Location

Country: US
MLS Area Major: 92104 - North Park

Additional

Days On Market: 6
List Agent State License: 01352336
List Office State License: 01352336
Number Of Units Total: 9
Parcel Number: 4457112200

Financial

Cap Rate: 2.99
Current Financing: Other
Gross Scheduled Income: 159300
Insurance Expense: 3500
Maintenance Expense: 3150
Net Operating Income: 89629
Operating Expense: 64892
Other Expense: 102
Supplies Expense: 3150
Total Expenses: 64892
Trash Expense: 1358
Water Sewer Expense: 5395

Zoning Info


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Listed by: JamesCarter, DRE #01352336 from Apartment Realty Group (ARG) 619-222-9500

Contact - Listing ID 220019166SD

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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