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    3738-40 Van Dyke Avenue

    San Diego, CA 92105
    • $2,750,000
    • STATUS: ACTIVE
    • ON SITE: 17 days
    • ID#: 210010560
    UPDATED: 42 min ago
    $2,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Pleased to present 3738-40 Van Dyke Ave, San Diego, CA. The property is well located in the urban core of the San Diego submarket of City Heights, Close distance to City Heights Retail Village – a 100,000 SF shopping center owned by KIMCO Realty. The immediate area boasts mostly single family homes and apartment properties, and is walking distance to the City Heights Urban Village, which includes restaurants, museums, parks, the Farmer’s Market, recreation center, the Library and more. The property has a balanced unit mix of 6 – 2BR/1BA & 5 – 1BR/1BA and also includes abundant garages spaces (3 – Doubles & 2 – Singles), in addition to dedicated off-street parking. There have been interior & exterior improvements made to the property and there is Immediate upside potential in the rents. 2.98% in-place Freddie Mac loan must be assumed.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.welcometosandiegorealestate.com/homes/116371942
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    3738-40 Van Dyke Avenue San Diego, CA 92105

    • Price: $2,750,000
    • Status: ACTIVE
    • Updated: 42 min ago
    • ID#: 210010560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    Pleased to present 3738-40 Van Dyke Ave, San Diego, CA. The property is well located in the urban core of the San Diego submarket of City Heights, Close distance to City Heights Retail Village – a 100,000 SF shopping center owned by KIMCO Realty. The immediate area boasts mostly single family homes and apartment properties, and is walking distance to the City Heights Urban Village, which includes restaurants, museums, parks, the Farmer’s Market, recreation center, the Library and more. The property has a balanced unit mix of 6 – 2BR/1BA & 5 – 1BR/1BA and also includes abundant garages spaces (3 – Doubles & 2 – Singles), in addition to dedicated off-street parking. There have been interior & exterior improvements made to the property and there is Immediate upside potential in the rents. 2.98% in-place Freddie Mac loan must be assumed.
    Exterior Features

    Parking Spaces Total 12 Units With Garages 5

    Interior Features

    Sq Ft Of Improvement 7584 Stories 2 Story

    Property Features

    Actual Cap Rate 4.54 Actual Gross Operating Income 195146 Actual Gross Scheduled Income 201120.0 Actual Operating Expense 70387 Actual Vacancy And Credit Loss 5974 Assumable Finance 1625000 Gross Equity 0 Gross Multiplier 13.67 Have A Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Present Loan 1625000 Projected Cap Rate 5.38 Projected Gross Multiplier 12.17 Projected Gross Operating Inc 219567 Projected Gross Scheduled Inc 225966 Projected Net Income 148058 Projected Operating Expense 71508 Projected Vacancy And Credit Loss 6399 Sq Ft Source Buyer To Verify Unit Number1 11

    Listing provided courtesy of Colliers International. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    875 G St #108
    San Diego CA, 92101