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Listing 6 out of 1,307
$1,700,000 New For Sale

4235 Altadena Avenue
San Diego, CA 92115

8 units | Multi Family 5+ - MLS# 190002283
Property Photo
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Description

We are pleased to present 4235 Altadena Avenue which is an 8 unit Huffman apartment property consisting of three 2 Bed / 1 Bath units, and five 1 Bed / 1 Bath units with two double garages and owned laundry facilities. The property consists of 5,105 SF of structure built in 1970 and situated on a 6,251 SF lot. Several units have been remodeled, plumbing re-routed, and there are new fences and exterior paint. All units feature new bathtubs and there are parking spaces in addition to the garages. There is significant upside in the rents. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92115
  • Age: 1970
  • Units: 8 units
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Baths (4): 1
  • # of Bedrooms (1): 2
  • # of Bedrooms (2): 2
  • # of Bedrooms (3): 1
  • # of Bedrooms (4): 1
  • # of Buildings: 1
  • # of Stories: 2
  • # of Units (1): 1
  • # of Units (2): 2
  • # of Units (3): 2
  • # of Units (4): 3
  • # of Units w/Garage: 2
  • # of Units w/Ranges: 8
  • # of Units w/Refrigerator: 8
  • Actual Gross Oper Income: 116691
  • Actual Gross Schd Income: 120300
  • Actual Operating Expense: 42024
  • Cap Rate Actual: 4.4
  • Cap Rate Projected: 6
  • Gross Equity: 1000000
  • Listing Area: SAN DIEGO (92115)
  • Lot SqFt: 6251
  • Monthly Rent Total: 10025
  • Parking: 4-Car
  • Price/SF of Improvments: 333.01
  • Proj Gross Multiplier: 11.5
  • Proj Gross Operating Inc: 143172
  • Proj Operating Expense: 42024
  • Proj Vacancy & Credit Los: 4428
  • Proj. Gross Sched. Income: 147600
  • SqFt of Improvement: 5105
  • Unit Rent (1): 1600
  • Unit Rent (2): 1450
  • Unit Rent (3): 1150
  • Unit Rent (4): 1025
  • Unit Rent Total (1): 1600
  • Unit Rent Total (2): 2900
  • Unit Rent Total (3): 2300
  • Unit Rent Total (4): 3075
Courtesy of South Coast Commercial, Inc.

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Dario Barba
Dario Barba
Kali Real Estate
Chula Vista, CA 91910

619-651-0433
Contact Me

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Dario Barba | CA DRE# 01778636 | 619-651-0433 | Contact Me
3450 Bonita Rd Ste 206 - Chula Vista, CA 91910
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