South Coast Commercial, Inc.
Listed by BRIDGEPOINT REALTY INC., South Coast Commercial, Inc.
$1,895,000
Turn Key 6% CAP rate WITH 3rd party mgmt included!
Details
APN 467-123-19-00
Property Type Multifamily
Sub Type Apartment Building
Units 2
Beds 10
Cap Rate 5.72%
NOI $108,406
Pro-Forma Cap Rate 6.03%
Pro-Forma NOI $114,286
Year Built 1987
Buildings 2
Stories 2
Lot Size (SqFt) 8,834
Multifamily | 2 Units | $947,500/unit
Marketing description
Turn Key student rental property with a rent guarantee through August 2027 for $13,000 per month at a 5.8% CAP RATE WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 6bed/3ba, ADU in front is a 4bed/2ba. Units share access to the pool and deck with views overlooking the canyon. All market rate no deed restrictions! Located a short drive to SDSU campus surrounded by high demand student rentals. This property usually rents many months in advance each year due to the beautiful finishes through out and the large pool with views - a unique amenity that students search for in SoCal. Units have in-unit washer dryers, full kitchens, private entrances, and ample street parking.
Listing Contacts
South Coast Commercial, Inc.
Listed by BRIDGEPOINT REALTY INC., South Coast Commercial, Inc.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,406.00
$9,033.83/mo
Valuation Metrics
0
DSCR
5.72%
Cap Rate
5.72%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
