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2853-59 K St. San Diego, CA 92102
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Key Details
Sold Price $1,449,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $1,610
Subdivision East San Diego
MLS Listing ID 220014044
Bedrooms 7
Full Baths 4
Half Baths 1
Year Built 1959
Lot Size 6,959 Sqft
Property Description
Great investment opportunity at a competitive price per unit for a 4-plex in San Diego area. Almost all units have been remodeled and upgraded. This property sits on 6,959 sq ft. lot with private wood/iron fences and private yard and patios. This property features 3 separates buildings. Front unit 2859 features 3 Bedrooms -1.5 Baths and was completely remodeled in 2019 with new Vinyl floors, custom kitchen, SS appliances and a private yard. Unit 2857 and 2855 features 1 Bedroom-1 Bath, partly upgraded and good condition, a new water heater and a heater was installed in unit 2857. Back unit 2853, features 2 Bedrooms- 1 Bath, completely remodeled including new vinyl floors, new postings, new kitchen cabinets with new SS appliances, quartz countertops, barn door, lighting, washer/dryer hook up and a brand water heater.
All units offer private yards or patios, great feature for rent value. Back units have one parking assigned each inside the property. Property has been well maintained by current owner. All 3 buildings have brand new roof. Property offers all four separate electrical panels. Current rents are lower than market rate. **** Projected Rent:$105,600!!!**** CAP Rate 6%***
Location
State CA
County San Diego
Community East San Diego
Area San Diego (92102)
Building/Complex Name Grant Hill
Zoning R-4
Interior
Heating Natural Gas
Exterior
Exterior Feature Stucco
Parking Features Unit1:N/K Unit2:N/K Unit3:Assigned Unit4:Assigned
Garage Spaces 2.0
Fence Gate
Roof Type Composition
Building
Story 1
Sewer Sewer Available
Water Meter on Property, N/K
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,000
Listing Terms Cash, Conventional, Exchange
Special Listing Condition N/K, Other/Remarks
Pets Allowed Allowed w/Restrictions
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Bought with Geoffrey Turchin • Keller Williams Realty