2642 44th Street
Description
- Listed by Maxwell Brown • DRE #02127395 • Brokerage DRE #02077455 • Commercial Asset Advisors • 925-872-6746
Property Details for 2642 44th Street
Property Details for 2642 44th Street
| Status | Active |
|---|---|
| MLS # | PTP2405613 |
| Days on Market | 139 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.22 AC / 9,391 SF |
| County | San Diego County |
Building Information for 2642 44th Street
Property Information for 2642 44th Street
- System ID: 306264986
- Class: 2-4 UNITS
- Street Number Numeric: 2642
- Street Name: 44th Street
- Directions To Property: gps
- Home Owner Fees: $0
- CFD/Mello-Roos Fee: $0
- CFD/Mello-Roos Fee Reflct: Year
- Virtual Tour Link 2: https://www.propertypanorama.com/instaview/crmls/PTP2405613
- Supplement: 2642-48 44th St presents the opportunity to acquire a turnkey 9-unit multifamily asset located in the residential focused lower City Heights area of San Diego with an ideal unit mix. The micro location is walking distance to Hamilton Elementary school and just off the beaten bath of the City Center primary thoroughfares providing for a family oriented neighborhood pocket. The 9,391 sqft lot is comprised of three separate buildings: a 6 unit apartment building consisting of (4) 1 bedroom units and (2) 2 bedroom units, a duplex with (2) 2 bedroom/1 bath units with small rear yards, and a detached 2 bedroom/1 bath house. The asset includes 11-12 on-site parking spaces, along with ample street parking. This property offers strong in-place financial metrics with $206,880 in gross annual income yielding a 5.81% cap rate with additional room for growth. An investor looking to maximize returns might consider renovating the units, which could achieve a pro forma cap rate of 7.05%, excluding renovation costs. The detached house could receive a fully fenced yard and private driveway to maximize rental income.
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size: 7,500-10,889 SF
- Lot Size Source: City/County Records
- Site: Curbs
- Assessments: Yes/Remarks
- Assessors Parcel Num: 4764913300
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 1
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $1,674
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 2
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $2,090
Property History for 2642 44th 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 2642 44th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Hamilton Elementary School PublicK to 5 | ||
Clark Middle School Public6 to 8 | ||
Hoover High School Public9 to 12 | ||
Holly Drive Leadership Academy CharterK to 8 |
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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Listing Courtesy of Commercial Asset Advisors, Maxwell Brown, DRE #02127395
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