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Key Details
Sold Price $773,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Encanto
MLS Listing ID 180059804
Sold Date 04/16/19
HOA Y/N No
Year Built 1973
Lot Size 0.280 Acres
Property Description
Calling all investors! Rare opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a new 1st time investor. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. Two off street parking for each unit, added storage closets, and more! CAP NOT PROJECTED! This is a real 5.1 cap rate with full PM services. Calling all investors! Real opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a 1st time landlord. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. 2 assigned off street parking for each unit, added storage closets, and more! Pictures are from 2 years ago, because the vacancy rate is non existent. CAP NOT PROJECTED! This is a real 5.1 cap rate with full property management services. Neighborhoods: Las Alturas Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Unit # for Unit 4: 4 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92114 - Encanto
Building/Complex Name Blue Stone Property Management
Zoning R-3
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Electric Water Heater
Exterior
Fence Partial
Pool None
View Y/N No
View None
Roof Type Rolled/Hot Mop
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 5482010601
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Jeffrey Discher • Canter Brokerage
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692