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Listing 7 out of 1,307
Sold for $3,103,450 Sold

6755 Mission Gorge Road
San Diego, CA 92120

10 units | Multi Family 5+ - MLS# 190002276
Property Photo

Sold

Sold for $3,103,450 on Apr 30, 2019

Description

The Mission Gorge Apartments consist of 10 units and 9 garages totaling 8,500 square feet of structure built in 1987 situated on a 9,204 square foot lot. The unit mix consists of one 3 Bed / 1.5 Bath, one 2 Bed / 1.5 Bath, seven 2 Bed / 1 Bath and one 1 Bed / 1 Bath unit. The units feature fireplaces, air conditioning, microwaves, and dishwashers. There is common, owned laundry, a picnic/BBQ area and additional parking. The exterior of the property has been painted, fitted with new windows, as well as re-landscaped with low maintenance landscaping. The units all have low flow toilets, new tubs and showerheads. The kitchens have new wood cabinets and quartz counter-tops as well as new appliances. All of the units have new vinyl plank flooring in the common areas as well as ceiling fans, mirrored closet doors and new window coverings. There is assumable financing at 3.43%.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Sold
  • Listing Price: $3,100,000
  • County/Area: San Diego County
  • Zip Code: 92120
  • Age: 1987
  • Units: 10 units
  • # Units w/Dishwashers: 10
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1.5
  • # of Baths (4): 1.5
  • # of Bedrooms (1): 1
  • # of Bedrooms (2): 2
  • # of Bedrooms (3): 2
  • # of Bedrooms (4): 3
  • # of Buildings: 1
  • # of Leased Apartments: 10
  • # of Stories: 3
  • # of Units (1): 1
  • # of Units (2): 7
  • # of Units (3): 1
  • # of Units (4): 1
  • # of Units w/Garage: 9
  • # of Units w/Ranges: 10
  • # of Units w/Refrigerator: 10
  • Actual Gross Oper Income: 205970
  • Actual Gross Schd Income: 212340
  • Actual Operating Expense: 70021
  • Cap Rate Actual: 4.4
  • Cap Rate Projected: 4.7
  • Gross Equity: 1192000
  • Listing Area: DEL CERRO (92120)
  • Lot SqFt: 9204
  • Monthly Rent Total: 17695
  • Price/SF of Improvments: 364.71
  • Proj Gross Multiplier: 14
  • Proj Gross Operating Inc: 215247
  • Proj Operating Expense: 70021
  • Proj Vacancy & Credit Los: 6657
  • Proj. Gross Sched. Income: 221904
  • Projected Net Income: 145226
  • SqFt of Improvement: 8500
  • Unit Rent (1): 1525
  • Unit Rent (2): 1725
  • Unit Rent (3): 1725
  • Unit Rent (4): 1995
  • Unit Rent Total (1): 1525
  • Unit Rent Total (2): 12075
  • Unit Rent Total (3): 1725
  • Unit Rent Total (4): 1995
  • Sold Price: 3103450
  • Sold Date: 2019-04-30
Courtesy of South Coast Commercial, Inc.

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Dario Barba
Dario Barba
Kali Real Estate
San Diego, CA 92108

619-651-0433
Contact Me

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Dario Barba | CA DRE# 01778636 | 619-651-0433 | Contact Me
8880 Rio San Diego Dr, Suite 800 - San Diego CA 92108
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