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3864 35th Street San Diego, CA 92104
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Key Details
Sold Price $4,850,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 10,410 sqft
Price per Sqft $465
MLS Listing ID 250035401
Bedrooms 3
Lot Size 7,132 Sqft
Property Sub-Type Com-Res Income
Property Description
Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales
Location
State CA
County San Diego
Community Elevator
Area Metro Uptown
Exterior
View Y/N No
Building
Story 3
Read Less
Bought with Cody J Evans South Coast Commercial, Inc.
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