DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

How Do I Search For Homes? How do I save listings and Searches for Free Listing Updates?

Click Here for More Information

*Contact Information is NOT Shared*

Quick Search


view all


Any

Any

No Min.

No Max.

     

   

 

Dan Dennison, MBA

Big Block Realty
San Diego, CA
Real Estate Agent
858-255-0052
Contact Me
CalBRE# 01906674

Contact Me





* fields are required
Back to Saved Search
Listing 4 out of 981
$5,600,000 For Sale

3016 Quince Street
San Diego, CA 92104

19 units | Multi Family 5+ - MLS# 180012958
Property Photo
1/22

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: 340004
  • Actual Gross Schd Income: 350520
  • Actual Operating Expense: 102085
  • Cap Rate Actual: 4.25
  • Cap Rate Projected: 5.25
  • Gross Equity: 3100000
  • Listing Area: NORTH PARK (92104)
  • Lot SqFt: 10418
  • Monthly Rent Total: 29210
  • Parking: 8-Car
  • Price/SF of Improvments: 501.16
  • Proj Gross Multiplier: 13.7
  • Proj Gross Operating Inc: 395667
  • Proj Operating Expense: 102085
  • Proj Vacancy & Credit Los: 12237
  • Proj. Gross Sched. Income: 407904
  • Projected Net Income: 292502
  • SqFt of Improvement: 11174
  • Unit Rent (1): 1925
  • Unit Rent (2): 1440
  • Unit Rent (3): 1250
  • Unit Rent Total (1): 7700
  • Unit Rent Total (2): 20160
  • Unit Rent Total (3): 1250
Courtesy of South Coast Commercial, Inc.

Dan Dennison, MBA
Big Block Realty

2820 Camino del Rio S Ste. 314
San Diego, CA 92108
Phone: 858-255-0052
Email: Dan.Dennison@mac.com

Testimonials

Dan Dennison has been my agent throughout the entire process of the search for my first home.

Having witnessed many friends and family members go through this process throughout the years, I knew I needed a trustworthy and patient agent.

My very first search for a home was certainly an enjoyable and smooth process because of Dan. He is knowledgeable (with decades of experience in Real Estate across multiple states in the country), professional (has an MBA in addition to his experience in the field), friendly (has two friendly dogs as well!), and patient (took his time explaining and answering any questions I had).

From day one, Dan was honest, professional, and easy to work with. He takes great care in listening to the client and identifying their wishes in the home search. He carefully explains things in a logical and easy-to-understand manner for a first-time buyer like myself.

In addition, Dan has been an excellent resource and as well as a friend when it came to other important items related to the search, such as identifying and navigating through the lending process, learning about what an HOA covers, locating a trustworthy insurance company, home warranties, and discussions with the listing agents and sellers about questions.

Dan Dennison is an agent who will go above and beyond to provide the highest quality of service to you, holding the clients' interest at heart.
user4462409
View All

Connect With Me

Newsletter

Subscribe to my newsletter...

* fields are required
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu