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9747813
9747814

3570 43rd St, San Diego, CA 92105 For Sale

AC
CA CA 01948040
Starker West, Inc
Listed by Starker West, Inc
$3,399,000
1284 days on market
Updated 54 days ago

8 on 43rd

Details
APN 476-021-31-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,185
Units 8
Cap Rate 4.80%
NOI $162,347
Occupancy 100%
Pro-Forma Cap Rate 5.00%
Pro-Forma NOI $168,470
Price per SqFt $550
Broker Co-Op Yes
Year Renovated 2022
Buildings 1
Stories 2
Investment Type Stabilized

Multifamily | 8 Units | $424,875/unit

Marketing description

3570 43rd Street is an Eight Unit Apartment Community that Offers a Fully Rented and Freshly Renovated Investment Opportunity. Professional Design Elements have been Implemented throughout from New Kitchens to Exterior Stucco. This Asset Offers a Product for the Modern Tenant and Investor alike: Gated Community, Stabilized Cash Flow, Low Maintenance & High End Finishes w/ Convenient Access to Schools and Freeways.

The Property Consists of Eight Total Units with Seven 2BR/1BA Units & One 3BR/2BA Unit with Efficient Floor Plans in a Secure Complex. Additional Features include New Security Gates, New Appliances, New Roof & Facia and On-Site Laundry Room.

Investment highlights

  • HIGH CASH FLOW STABILIZED PROPERTY

  • RECENT RENOVATIONS – Extensively Upgraded Including New Roof, New Flooring, Vanities, Appliances, Dual Pane Windows , Gated Security and More.

  • STRONG UNIT MIX – Comprised of Seven 2BR/1BA & One 3BR/2BA Unit

  • ATTRACTIVE AMENITIES – Off-Street Parking, Gated Security & Laundry Room

  • LEAN EXPENSES – Minimal Maintenance Needed by New Owner

Listing Contacts

AC
CA CA 01948040
Starker West, Inc
Listed by Starker West, Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$162,347.00
$13,528.92/mo

Valuation Metrics

0
DSCR
4.78%
Cap Rate
4.78%
ROI

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Additional Information

Name
Adam Cairo
License
CA 01948040
Brokerage
Starker West, Inc.
Brokerage Phone
6193000173
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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