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    4979 Auburn Dr

    San Diego, CA 92105
    • $3,185,000
    • STATUS: ACTIVE
    • ON SITE: 18 days
    • ID#: SDC0000117
    $3,185,000
    • 16
      BEDS
    • 0.38
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to offer 8 Large Townhomes in the thriving City Heights neighborhood of San Diego. All units have off-street parking, laundry hookups, private rear patio areas, and have undergone recent remodeling of bathrooms. Flooring of all units common areas have low-maintenance ceramic tile. Additional upgrading of appliances could also open these units up to the next higher tier of market rents. The larger townhome format layouts, and resulting larger tenant family units, along with the individual metering of utilities, result in a lower operating cost percentage, as well as lessened required management oversight. Overall, 4979 Auburn Drive represents an exceptional piece of investment property in the globally desired San Diego California rental market, both through long-term cash flow and as a value-add opportunity.

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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/116257572
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    4979 Auburn Dr San Diego, CA 92105

    • Price: $3,185,000
    • Status: ACTIVE
    • ID#: SDC0000117
    16
    Beds
    10
    Baths
    0
    ½ Baths
    0.38
    Acres
    County:
    San Diego
    Property Description
    We are pleased to offer 8 Large Townhomes in the thriving City Heights neighborhood of San Diego. All units have off-street parking, laundry hookups, private rear patio areas, and have undergone recent remodeling of bathrooms. Flooring of all units common areas have low-maintenance ceramic tile. Additional upgrading of appliances could also open these units up to the next higher tier of market rents. The larger townhome format layouts, and resulting larger tenant family units, along with the individual metering of utilities, result in a lower operating cost percentage, as well as lessened required management oversight. Overall, 4979 Auburn Drive represents an exceptional piece of investment property in the globally desired San Diego California rental market, both through long-term cash flow and as a value-add opportunity.
    Exterior Features

    Carports 0 Construction Stucco Exterior Metal FenceFully LandscapedAll Auto SprinklersWood Fence Parking Spaces Parking Spaces Total 10 Roof Composition Units With Garages 0

    Interior Features

    Floor Coverings Wall To Wall CarpetTile Heating Radiant Laundry Owned Sq Ft Of Improvement 10653 Stories 2 Story Unit Furnished1 N Unit Furnished2 N Unit Furnished3 N Unit Furnished4 N Unit Furnished5 N Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 0 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 4.94 Actual Gross Operating Income 219624 Actual Gross Scheduled Income 225264 Actual Operating Expense 62336 Actual Vacancy And Credit Loss 5640 Assumable Finance 0 Buildings 3 Gross Equity 980000 Gross Multiplier 14.1 Have Rare 3 & 4 Bdrm Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 18772 Motive Want Sell Other Income Amount 0 Other Income Source 0 Sq Ft Source Plans Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 3 Unit Number2 1 Unit Number3 2 Unit Number4 1 Unit Number5 1 Unit Rent Total1 7932 Unit Rent Total2 2195 Unit Rent Total3 4380 Unit Rent Total4 2165 Unit Rent Total5 2100 Unit Rent1 2644 Unit Rent2 2195 Unit Rent3 2190 Unit Rent4 2165 Unit Rent5 2100 Unit Type Townhouse Zoning R-4:Multip

    Listing provided courtesy of Marco Roman, Broker. 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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