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$ 2,550,000
Est. payment | /mo
$ 2,550,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250021343
Property Description
We are pleased to present this 6 on 1 in Encanto. The property offers 5 single story 3Br/1Ba houses and a 2-story 3Br/2Ba front house with its own private backyard and driveway. The 5 single story houses are fully renovated with all new but not limited to roofs, stainless steel appliances, dual pane windows, plumbing, electrical, mini splits, ceiling fans in each bedroom and in-unit W&D. The 3Br/2Ba is separately metered for water and gas&electric which tenant pays all utilities for that unit. The owner has plans submitted to the city to demo the 2-story front house and build 4 new 2Br/2Ba units (2,900 SF) with parking. The property currently generates $210,000 gross income yearly bringing in a 5.64% CAP rate on ACTUALS! Call today to get more information on this amazing investment that offers great cash flow and upside to build more units!
Location
State CA
County San Diego
Area Encanto (92114)
Building
Story 1
Others
Space Rent $210,000
Virtual Tour https://www.propertypanorama.com/instaview/snd/250021343
Listed by Adrian Gonzalez-Pureco • South Coast Commercial, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "