$5,390,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180066329

Description

Solis place is a 21 unit apartment building that has undergone full renovations in 2017. There are all new electrical pipes, wires, breakers, plugs and switches, new wall studs, beams, doors and windows. Each unit is completely furnished with new cabinets, flooring and appliances. The 7,768 SF property is professionally managed by the seller, who will continue to manage after the sale unless otherwise stated. The listing price is $5,390,000 with a cap rate of 4.57%. Gross income per unit is $18,008/Year. Please visit the property but do not disturb the tenants! Please call Marc Shapori at 858-531-8434 with any questions, or email at mshapori@naisandiego.com.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1965
Number of Buildings:
1
Number of Stories:
3

Location

County:
San Diego

Additional Details

Number of Units:
21
Number of Stories:
3
Total Monthly Rent:
$30,247
Price Per Unit:
$256,667
Down Payment:
Cash
Gross Equity:
$5,390,000
SqFt of Improvement:
7,417
Lot Square Footage:
7,768
Assessors Parcel #:
451-711-45
Units with Ranges:
21
Units with Refrigerator:
21
Cooling:
Central Forced Air Elec
Exterior:
Cable Available
Heating Equipment:
Central Forced Air Elec
Roof:
Tile
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
7
Number of Bedrooms:
1
Furnished:
Yes
Rent:
$1,571
Unit 2
Number of Units:
14
Furnished:
Yes
Rent:
$1,375

Features

Floor Coverings:
Tile
Construction Features:
Drywall

Listing provided by

NAI San Diego
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Mission Hills

Mission Hills is an upscale, affluent neighborhood in San Diego, bordered by the San Diego River valley to the north, Downtown San Diego to the south, and overlooking Old Town, Downtown San Diego, and San Diego Bay. The neighborhood is mostly residential, with some boutiques and restaurants, though it is walking distance to all that Hillcrest has to offer. Mission Hills homes are known to be c... Read More

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