3071
Hawthorn,
San Diego,
California
CA
92104
Sold For: $1,675,000
Listing ID: 220020051SD
Status:
Closed
Sold Date:
10/13/2022
Premier Cottage Style property in an irreplaceable San Diego location near Fern and 30th St surrounded by boutique coffee roasters, breweries, classic restaurants, and walking distance to the famous Balboa Park! Ownership can deliver the entire rear building empty at closing consisting of the primary 2 bedroom unit, the downstairs 1 bed unit, and a huge yard! Allowing an ideal owner-occupy scenario or allowing an investor to immediately renovate those units and capture the current historical high market rents. 3071 Hawthorn can provide a significantly stronger than average market return at an incredible 4.26% cap rate on as-is unit conditions or 4.81% if the empty rear building is renovated, and 5.95% proforma cap rate after all units are renovated. All units possess mid to large size large private yards with no more than one shared wall and under market rents. Attractive financing quote in hand for a 30% downpayment at a 4.825% interest only rate for 5 years fixed! Or 25% downpayment at a 4.75% rate 5 year fixed with a 30 year amortizing schedule.
Primary Features
Property Sub Type:
Commercial/Residential
Property Type:
Commercial Sale
Location
Country:
US
MLS Area Major:
92104 - North Park
Additional
List Agent State License:
00894356
List Office State License:
00409987
Number Of Units Total:
5
Parcel Number:
5391621000
Financial
Cap Rate:
4.81
Gross Scheduled Income:
114755
Net Operating Income:
81508
Operating Expense:
32126
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Listed by: Allen Chitayat, DRE #00894356 from CBRE
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