3966 Teak St - Apartments FOR SALE


San Diego, CA 92113- Mountain View
$1,490,000 USD
858-461-9910
3966 Teak St, San Diego, CA for Sale
$1,490,000 USD
Apartments - FOR SALE
1/17
null | 5.83% Cap Rate

3966 Teak St
San Diego, CA 92113
Mountain View


HIGHLIGHTS

  • Low Maintenance Property in Strong Rental Market
  • Attractive In Place Cap Rate and Current Income
  • Updated Units w/ Tankless Water Heaters and AC Units
  • Recently Renovated w/ New Roof in Back Building
  • Separate Detached 2br/1bt House w/ Yard & Laundry

OVERVIEW

5.83% and 11.74 GRM on CURRENT INCOME. Potential Creative Financing (inquire w/ listing agent). Excellent low maintenance property in a strong rental market! Front 2br/1bt cottage lives like a SFR w/ no shared walls, laundry, and outdoor space. Back building has 4 1bd/1bt units and front detached cottage 2bd/1bt. Roof has recently been replaced and all units have A/C and tankless water heaters. The property has recently upgraded units, low expenses due to updated systems (back roof, tankless water heaters), low maintenance landscaping, and detached 2br cottage provides an excellent opportunity for a buyer to live in front and rent out back or have solid rental property with sound fundamentals.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$468 USD /SF

# OF UNITS

5

PRICE/UNIT

$298,000

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turn Key - 5.83% Cap Rate on Current Income

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM-1-1

APN/PARCEL ID

546-330-09

ASK ABOUT THIS PROPERTY

858-461-9910

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858-461-9910

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