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$ 1,795,000
Est. payment | /mo
12 Beds
4 Baths
$ 1,795,000
Est. payment | /mo
12 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 260026753
Bedrooms 12
Full Baths 4
Year Built 1964
Property Sub-Type Res Income 2-4 Units
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 Metro Uptown
Interior
Cooling Wall/Window, Zoned Area(s)
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 472-720-03-00
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by Adrian Gonzalez-Pureco, DRE#01844618 Bridgepoint Realty Inc
Co-listed byEric A Feldman • Bridgepoint Realty Inc
Co-listed byEric A Feldman • Bridgepoint Realty Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4440 Twain Ave. #326, San Diego, California 92120, USA