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Dan Dennison

Dan Dennison
Big Block Realty
San Diego, CA 92108

858-255-0052
Contact Me

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Listing 4 out of 981
$5,700,000 For Sale

3016 Quince Street
San Diego, CA 92104

19 units | Multi Family 5+ - MLS# 180012958
Property Photo
1/20

Description

Roosevelt Court is a classic, Spanish -style 19 unit apartment complex located just 4 blocks from Balboa Park in the desirable South Park residential submarket totaling 11,174 SF of structure. This complex features a lovely courtyard, 6 cottage-style units with coved ceilings, hardwood floors, and unique built-ins from the era. In addition, there is a duplex building in the rear of the courtyard with two 2 bedroom units that feature the same charm. These units command premium rents and select units have been renovated. The main building fronts 30th Street with an additional 11 spacious units. Select units have interior stairways. There is an adjacent parcel with 8 potential parking spaces and development potential. This property is in a high demand rental market with low maintenance costs and healthy upside in rents still exists. There are onsite laundry facilities. The offering includes APNs 453-602-09-00 and 453-601-04-00.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92104
  • Age: 1926
  • Units: 19 units
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Bedrooms (1): 2
  • # of Bedrooms (2): 1
  • # of Buildings: 3
  • # of Leased Apartments: 19
  • # of Stories: 2
  • # of Units (1): 4
  • # of Units (2): 14
  • # of Units (3): 1
  • # of Units w/Ranges: 19
  • # of Units w/Refrigerator: 19
  • Actual Gross Oper Income: 331624
  • Actual Gross Schd Income: 341880
  • Actual Operating Expense: 102746
  • Cap Rate Actual: 4
  • Gross Equity: 3100000
  • Listing Area: NORTH PARK (92104)
  • Lot SqFt: 10418
  • Monthly Rent Total: 28490
  • Parking: 8-Car
  • Price/SF of Improvments: 510.11
  • Proj Gross Multiplier: 13.8
  • Proj Gross Operating Inc: 400323
  • Proj Operating Expense: 102746
  • Proj Vacancy & Credit Los: 12381
  • Proj. Gross Sched. Income: 412704
  • Projected Net Income: 297577
  • SqFt of Improvement: 11174
  • Unit Rent (1): 1950
  • Unit Rent (2): 1382
  • Unit Rent (3): 1250
  • Unit Rent Total (1): 7400
  • Unit Rent Total (2): 19348
  • Unit Rent Total (3): 1250
Courtesy of South Coast Commercial, Inc.



Dan Dennison | 858-255-0052 | Contact Me
2820 Camino del Rio S Ste. 314 - San Diego, CA 92108
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