4625-4635 62nd Street

    San Diego, CA 92115
    • $1,530,000
    • STATUS: SOLD
    • ON SITE: 175 days
    • ID#: 170046293
    Sold - 02/14/2018
    $1,530,000
    SOLD - 02/14/2018
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The subject property is located in the peaceful, friendly city of Rolando, a neighborhood of the Mid-City region of San Diego, California. Rolando is mostly residential with the exception of El Cajon Boulevard, which features the Campus Plaza shopping center. This property is a well-maintained two-story, 6-unit building with (3) ground floor units, and (3) second floor units. All units are 2/1, each approximately 1000 Sq Ft (per previous owner), lot size – 6113 Sq Ft., and the property was built in 1958. All units have the original cabinetry, and 50’s style tile in the kitchens, and baths. There is an on-site laundry room, and 6-space carport parking spaces on the property. The current owner has made numerous capital improvements to the property including a new roof, railing, dual pane windows, and relined potable (building) pipes to name a few.

    Monthly Payment Calculator




    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.
    www.themarellygroup.com/homes/76430538

    4625-4635 62nd Street San Diego, CA 92115

    • Price: $1,600,000
    • Status: SOLD
    • Updated: 157 min ago
    • ID#: 170046293
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    The subject property is located in the peaceful, friendly city of Rolando, a neighborhood of the Mid-City region of San Diego, California. Rolando is mostly residential with the exception of El Cajon Boulevard, which features the Campus Plaza shopping center. This property is a well-maintained two-story, 6-unit building with (3) ground floor units, and (3) second floor units. All units are 2/1, each approximately 1000 Sq Ft (per previous owner), lot size – 6113 Sq Ft., and the property was built in 1958. All units have the original cabinetry, and 50’s style tile in the kitchens, and baths. There is an on-site laundry room, and 6-space carport parking spaces on the property. The current owner has made numerous capital improvements to the property including a new roof, railing, dual pane windows, and relined potable (building) pipes to name a few.
    Exterior Features

    Carports 5 Exterior Front SprinklersFully Landscaped Parking Carports Parking Spaces Total 6 Units With Garages 0

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Baths Unit3 1 Baths Unit4 1 Baths Unit5 1 Baths Unit6 1 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Bedrooms Unit5 2 Bedrooms Unit6 2 Floor Coverings TileWall To Wall Carpet Floors Slab Heating Wall Laundry Leased Sq Ft Of Improvement 0 Stories 2 Story Unit Furnished1 N Unit Furnished2 N Unit Furnished3 N Unit Furnished4 N Unit Furnished5 N Unit Furnished6 N Units With Dishwashers 0 Units With Disposals 6 Units With Drapes 6 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    Actual Cap Rate 7.02 Actual Gardener Expense incl in Maintenance Actual Gas And Electric 900.00 Actual Gross Operating Income 95623.00 Actual Gross Scheduled Income 98580 Actual License Expense 99.00 Rental Tax Actual Maintenance Expense 2184.00 Actual Operating Expense 18612.00 Actual Other Expense Advertising Actual Prop Management 9540.00 Actual Supplies Expense 1050.00 Actual Taxes Expense 12570.00 Actual Total Expense 423.00 Actual Trash Expense 600.00 Actual Vacancy And Credit Loss 2957.00 Actual Water Sewer Expense 1296.00 Assumable Finance 836218 Buildings 1 Financial Information Source Owner Fiscal Year From Ja Fiscal Year To De Gross Equity 0 Gross Multiplier 11.12 Have Executive Summary Leased Apartments 6 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 8215 Motive Want Sell Projected Cap Rate 5.26 Projected Fl Ins Expense 2520.00 Projected Fl Ins Expense1 2772.00 Projected Gas And Electric 1000.00 Projected Gross Multiplier 14.81 Projected Gross Operating Inc 104760.00 Projected Gross Scheduled Inc 108000.00 Projected License Expense 100.00 Rental Tax Projected Maintenance Expense 2400.00 Projected Net Income 84288.00 Projected Operating Expense 20472.00 Projected Other Expense Advertising Projected Property Mgmt Expense 10500.00 Projected Supplies Expense 1152.00 Projected Taxes Expense 16000.00 Projected Total Expense 476.00 Projected Trash Expense 660.00 Projected Vacancy And Credit Loss 3240.00 Projected Water And Sewer Expense 1412.00 Short Sale No Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Assumable 1st Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Rent Total1 15900 Unit Rent Total2 16800 Unit Rent Total3 15180 Unit Rent Total4 15900 Unit Rent Total5 18000 Unit Rent Total6 16800 Unit Rent1 1325 Unit Rent2 1400 Unit Rent3 1265 Unit Rent4 1325 Unit Rent5 1500 Unit Rent6 1400 Unit Type Apartment Zoning R-4 Multip

    Listing provided courtesy of Envision Real Estate. Listing information © 2018 SANDICOR, Inc.



    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003