4417 Mentone St - Apartments FOR SALE


San Diego, CA 92107
$2,300,000 USD
858-373-3196
4417 Mentone St, San Diego, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/18
null | 5.69% Cap Rate

4417 Mentone St
San Diego, CA 92107


HIGHLIGHTS

  • 2 Parcels so potential to use Residential Financing (30 YR fixed with up to 80% leverage)
  • All 2 BR units, 2 Units Updated within the past 5 years.
  • Long Term Ownership
  • Prime Ocean Beach/San Diego location in quiet Temecula Heights
  • 5.69% Cap with Stabilized Rents

OVERVIEW

Price Reduced. Bring all Offers. 2 Parcels. 4417 Mentone is a 2BR Single Family Home & 4419-21 Mentone is Four 2BR/1Bath units. Long term ownership. Although rents are well below market the property has been well maintained over the years. Live in the house or one of the units and rent out the rest. Located in the coastal community of San Diego known as Ocean Beach/Temecula Heights the subject property benefits from high occupancy and demand with young professionals wanting to leave within a short walk to the beach. Preliminary research indicates that 2 ADUs (Accessory Dwelling Units) may be added to the parcel. Because both parcels are less than 5 units you may be able to obtain 2 different residential loans offering up to 80% leverage (with owner occupied financing) and a 30 year fixed rate. Family member of the Seller occupies one of the units. Willing to sign a new lease at market rents or vacate prior to the close of escrow.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$649 USD /SF

# OF UNITS

5

PRICE/UNIT

$460,000

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

449-860-53-00,449-860-54-00

ASK ABOUT THIS PROPERTY

Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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Thomas McCartinThe McCartin GroupMore Info
858-373-3196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.