$2,975,000

865 21st St

San Diego CA, 92102

Description

CURRENT 6 CAP! pleased to present 865 21st St for sale - a turn key, minimal-landlord-responsibility - property perched on Golden Hill overlooking downtown San Diego. Beautifully remodeled 8 Unit property overlooking Downtown and the Coronado bridge and just 7 minutes by car to the San Diego International Airport. new roof, modern kitchens/cabinets, refinished hardwood floors, upgraded elec and pluming, etc.. Property is currently master-leased to a single tenant that operates the building as a short-term rental. Tenant/operator controls over 100 units between San Diego, Los Angeles, and Miami. Current lease is for a total of $18,428/ month or $2,266 per unit plus $300 for storage and extends through 11/30/23 with 3% yearly increases. Tenant pays all utilities and management fees. Landlord is responsible for landscaping, building maintenance, taxes and insurance. Add value by converting the existing storage space into Additional Dwelling Units. Appraised for $3M in 2020 Assumable financing available 1.9M 4.25% interest fixed for 4 yrs. All units are operated as 2bedroom units with extra beds in the living room nook area. Tenant pays all utilities and management fees. Landlord is responsible for landscaping, building maintenance, taxes and insurance. Add Value by converting the storage spaces to ADU(s) Amenities: None Exterior: ,,

Details

MLS#210006657
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Days On Site27

Features

Units8
Building(s)1
Water FrontNo

Market Activity 92102

Loading Form
Loading Form
Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92102
Listing VS Median (in 92102)
Price:
$2,975,000
low | high
Med:
$729,000
100% of Average
On Site:
27
low | high
Med:
61.500000
43.90243902439% of Average
Sourced by Back At You
Listing Updated: April 6, 2021 5:31:13 PM PDT
Alexio Barbara LogoMLS Number: 210006657
Listing Provided By:
Alexio Barbara  of  South Coast Commercial Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.