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$ 1,795,000
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5972 Streamview Dr San Diego, CA 92105
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 260026753SD
HOA Y/N No
Year Built 1964
Property Description
5972 Streamview Dr is a fully renovated four-unit multifamily property located in the Mid-City neighborhood of San Diego (92105). Built in approximately 1964, the property offers approximately 3,854 square feet on a 10,388 square foot parcel, and every unit is a 3Br/1Ba. Offered at $1,795,000 ($448,750 per unit; $465.75 per SF), the asset provides in-place income of $11,450 per month, a 5.3% current cap rate and a 13.1 gross rent multiplier, with upside to a 5.7% cap rate and a 12.5 GRM at estimated market rents of $11,400 per month.At the offered price, in-place rents generate approximately $95,948 of net operating income, increasing to approximately $102,699 at estimated market rents.The owner has completed extensive upgrades throughout, including replacement of the cast iron plumbing with ABS and Pex piping, new electrical wiring with four new sub panels, new kitchens and bathrooms, new windows, new plumbing for in-unit laundry, and new 2 Ton mini split AC and heat in each unit. The result is a uniform four-unit offering with modernized building systems and finishes.
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Cooling Wall/Window Unit(s), Zoned
Fireplace No
Exterior
Fence None
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4727200300
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Adrian Gonzalez-pureco Bridgepoint Realty Inc #01844618