4366-80 Mississippi St., San Diego, CA 92104 - 200043813 - iPro Real Estate

4366-80 Mississippi St.
San Diego, CA 92104

Sold, Multi-Family/Income Sale

For Sale

$6,700,000 $547.39 per sqft

Free Professional CMA

Listing ID : 200043813

  • Beds

    2
  • Structure / Lot Size

    12,240 Sqft / 13,939 Sqft

Description

Rare opportunity to acquire a recently renovated and fully stabilized, 16-unit property. This luxury asset is located in one of San Diego’s most lucrative rental markets, University Heights. Constructed in 1956 and renovated in 2018, this property rests on an approximate 14,000 SF lot with 12,240 rentable SF. This property is comprised of two buildings, each on their own separate parcel with 100% two-bedroom / one-bathroom units. No resident manager is required as each 8-unit building has its own APN. These remodeled units include brand new interiors with stainless steel appliances, quartz countertops, and contemporary bathrooms. Exterior renovations include new roofs, signature wood façade, custom designed courtyard and more.

Details

Type: Multi-Family/Income Sale 
MLS Area: Metro Uptown 
County: San Diego 
Tax ID: 4453312400
Building Size: 12,240 SqFt 
Cap Rate: 4% 
Gross Income Multiplier: 16.17 
Net Operating Income: $285,805 
Heating: Wall Furnace 
Number of Units: 16 
Parking Spaces: 16 
Property Type: Residential Income Additional 
Sub Type: Com-Res Income 
Zoning: RM-3-9 

Show More

Interactive

32.756653 -117.141663 $6,700,000 200043813
4366-80 Mississippi St., San Diego, CA 92104
Directions to here from:

Mortgage Calculator

Listed by Carson Trujillo with Marcus & Millichap