806 West Brookes Avenue

San Diego, CA 92103

$2,300,000
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan @ 2.25%, seller financing, subject to, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently...$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan @ 2.25%, seller financing, subject to, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently operating as a profitable short-term rental, making it a turn-key income-producing property. Ideal for investors or owner-occupiers looking to live in one unit while renting out the others. Property highlights include separate electric and gas meters, a shared water meter, and numerous recent improvements: new HVAC-ready electrical panels, resealed upper deck, fresh turf landscaping, refinished cabinets, new countertops, and durable vinyl flooring throughout. $180k+ in Seller Improvements. Don’t miss your chance to own in Mission Hills, a high-demand, low-inventory neighborhood! Contact Agent for copy of Appraisal, Offering Memorandum, Seller Improvements List.
  1. Listed by Keegan Wetzel • DRE #02153342 • Brokerage DRE #01180851 • Real Broker

Property Details for 806 West Brookes Avenue

Zoning
RM-3-7
Cross Streets
Reynard Way
Source Living Area
404
Area
Mission Hills San Diego (MIH)
Lot Size Area
6255
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
LISTING UPDATED: 11/19/2024 11:13 AM

Property Details for 806 West Brookes Avenue

StatusActive
MLS #240026126SD
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.14 AC / 6,255 SF
CountySan Diego County

Building Information for 806 West Brookes Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.14 AC / 6,255 SF

Property Information for 806 West Brookes Avenue

Community / Development
Community / Development
  • Complex Name: Complex
  • Number Of Units: 4
  • Builders Tract Name: Mission Hills
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Other
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $216,000
  • Cap Rate: .00%
  • Gross Rent Multiplier: $10.60
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.14
  • Lot Location: Other/Remarks
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Other
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: None
Lease Terms
Lease Terms
  • Listing Terms: Assumable, Cash, Conventional, FHA, VA
  • Tenant Pays: Other
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Projected Rent: $4,500.00
  • Like Units: 1

Property History for 806 West Brookes Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 806 West Brookes Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 5 to 6
Public - 6 to 8
Public - 7 to 8
Rating
School
Distance
Grant K-8
PublicK to 8

Dana
Public5 to 6

Roosevelt International Middle School
Public6 to 8

Correia Middle School
Public7 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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806 West Brookes Avenue is a multi-family home for sale in San Diego, CA 92103. This property was listed for sale on November 5, 2024 by Real Broker, it's currently listed at $2,300,000. It has been on the market for a total of 13 days and was last sold on March 10, 2021. This listing's school district is San Diego Unified School District. Nearby schools include Grant K-8, Dana and Roosevelt International Middle School. 806 West Brookes Avenue is a 8-bed, 4-bath, multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, Keegan Wetzel, DRE #02153342

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