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4760-66 Mansfield St

San Diego, CA 92116
  • $2,200,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 210030956
UPDATED: 65 min ago
$2,200,000
  • 12
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,428
    SQFT
  • $497
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Pleased to present for sale a 4-unit partially renovated apartment complex in the Normal Heights neighborhood of San Diego. Bordering the North Park and Kensington neighborhoods, this property rests on over a 6,000 SF lot, and offers 4,428 of rentable SF. 4760-66 Mansfield St is comprised of (four) 3-bedroom/1.5-bathroom townhomes. Two of the townhomes are renovated with new flooring, kitchens, stainless steel appliances, and upgraded bathrooms. All units feature in-unit laundry hookups, large private patios, ceiling fans and more. Tenants enjoy access to off-street parking and secured gated entry. This property offers investors the unique opportunity to be the proprietor of a well-maintained asset with significant rental upside. This asset is perfectly situated in the rapidly gentrifying neighborhood of Normal Heights. With a walk score of 93, this property is less than one block from Adams Ave; a street lined with restaurants, bars, shops, and attractions. Normal Heights continues to attract high quality tenants and this investment is centrally located with the investor’s longevity in mind.

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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 San Diego MLS. 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.themarellygroup.com/homes/123168908
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4760-66 Mansfield St San Diego, CA 92116

  • Price: $2,200,000
  • Status: ACTIVE
  • On Site: 16 Days
  • Updated: 65 min ago
  • ID#: 210030956
12
Beds
4
Baths
0
½ Baths
N/A
Acres
4,428
SQFT
$497
$/SQFT
1950
Built
Neighborhood:
Normal Heights
County:
San Diego
Area:
Normal Heights (92116)
Property Description
Pleased to present for sale a 4-unit partially renovated apartment complex in the Normal Heights neighborhood of San Diego. Bordering the North Park and Kensington neighborhoods, this property rests on over a 6,000 SF lot, and offers 4,428 of rentable SF. 4760-66 Mansfield St is comprised of (four) 3-bedroom/1.5-bathroom townhomes. Two of the townhomes are renovated with new flooring, kitchens, stainless steel appliances, and upgraded bathrooms. All units feature in-unit laundry hookups, large private patios, ceiling fans and more. Tenants enjoy access to off-street parking and secured gated entry. This property offers investors the unique opportunity to be the proprietor of a well-maintained asset with significant rental upside. This asset is perfectly situated in the rapidly gentrifying neighborhood of Normal Heights. With a walk score of 93, this property is less than one block from Adams Ave; a street lined with restaurants, bars, shops, and attractions. Normal Heights continues to attract high quality tenants and this investment is centrally located with the investor’s longevity in mind.
Exterior Features

Exterior Wood Fencing Full Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Roof Wood Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 4

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 1 Half Baths Unit3 1 Half Baths Unit4 1 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 2.89 Age Restrictions N/K Annual Expense Actual 44984 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Normal Heights Complex Park 4760-66 Mansfield St Cross Streets Collier Ave Gross Rent Multiplier Actual 20.16 Gross Rent Multiplier Project 15.54 Gross Scheduled Income Actual 109140 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 2650 Projected Cap Rate 4.25 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 4760 Unit Number For Unit2 4762 Unit Number For Unit3 4764 Unit Number4 4766 Unit1 Deposit 2195 Unit1 Occupied Tenant Unit1 Rent Actual 2275.0 Unit2 Deposit 2295 Unit2 Occupied Tenant Unit2 Rent Actual 2295.0 Unit3 Deposit 2150 Unit3 Occupied Tenant Unit3 Rent Actual 2230.0 Unit4 Deposit 2295 Unit4 Occupied Tenant Unit4 Rent Actual 2295.0

Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
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 San Diego MLS. 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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