4459 Fanuel St, San Diego, CA 92109 | 190056502 | Willis Allen Real Estate

4459 Fanuel St $6,888,888

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    4459 Fanuel St San Diego, CA 92109

    • 0.36 Acres
    • Commercial Sale
    • MLS# 190056502
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    Views: 122 Days On Market: 134

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    Property Details

    Rarely available RENOVATED 17 UNIT Apartment COMPLEX Situated IN THE HEART OF San Diego's Pacific Beach~ EACH UNIT IS A STUDIO APARTMENT LIVING~WELL MANICURED COURTYARD~9 OFF STREET PARKING + ONE SINGLE GARAGE~COMMUNITY LAUNDRY FACILITY~ What makes this investment property unique of its kind is that it is being leased out to a SINGLE tenant that runs a Rehabilitation Facility as its residential unit for its clients paying a NNN lease with 3% increase in rent each year, currently signed till April, 2023, with one more option to extend till 2026. Cap rate of 6.00% in this area is extremely rare.

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    Neighborhood

    92109 (San Diego) Demographics

    30 Median Age
    6,372 Population Density (per sq. mile)
    70% College Educated
    $71,098 Estimated Median Income
    6,578 Estimated Total Home Owners
    16,059 Estimated Total Renters
    29% / 71% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    48,430 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $945,000 Median Sales Price
    13 Homes Sold
    109 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,888,888
        2/20/2020 2:17:55 PM Price Reduced Source New Value: $6,888,888 -9.34%
        1/26/2020 7:46:56 PM Price Reduced Source New Value: $7,599,000 -4.95%
        10/14/2019 4:51:00 PM New in Database Source New Value: $7,995,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 2/26/2020 1:19:45 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.