225-231 35th Street
$1,580,000
6
2,159
2,159
$732
Listed By Compass
Description
EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1...EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attracts long term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.
Listing Agent
Property Details for 225-231 35th Street
Parking Spaces Total
0
Private PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area2159
Assessor Parcel Number546-126-02-00
Property Attached YNtrue
LISTING UPDATED: 10/06/2024 10:41 AM
Property Details for 225-231 35th Street
Status | Active |
---|---|
MLS # | NDP2408975 |
Days on Market | 58 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1949 |
Lot Size | 0.12 AC / 5,247 SF |
County | San Diego County |
Building Information for 225-231 35th Street
Stories1Residences-Year Built1949Building Size-Lot Size0.12 AC / 5,247 SF
Property Information for 225-231 35th Street
Property History for 225-231 35th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 225-231 35th Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 3 to 5 |
Rating | School | Distance |
---|---|---|
Chollas/Mead Elementary School PublicK to 5 | ||
Millennial Tech Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
King-Chavez Athletics Academy Charter3 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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