26
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$1,575,000
Est. payment /mo
Active
1990 Harrison Ave San Diego, CA 92113
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 260017740SD
HOA Y/N No
Year Built 1987
Property Description
4 units with two newly constructed 2BR/1BA units, an extensively remodeled 2BR/1BA home, and a remodeled 1BR loft. Two units are currently vacant, providing immediate flexibility for an owner-user, market-rate lease-up, or investor seeking control of the rental schedule. The two new construction units are approximately 750 SF each and currently rent for $2,900/month and share a laundry room. The detached home is approximately 1,150 SF with in-unit laundry and projected rent of $3,200/month, while the approximately 350 SF loft is projected at $1,872/month. $125,400 reported gross scheduled income, 12.56 GRM and approximately 5.57% cap rate at the current asking price. The property offers a compelling combination of newer construction, extensively renovated existing improvements, strong income, vacant-unit flexibility and limited anticipated near-term capital needs. Additional features include rooftop decks, porches, views, high-end finishes and a convenient location near Downtown San Diego. A strong opportunity for investors or owner-users seeking renovated 4-unit product with significantly less deferred maintenance than much of the surrounding inventory. Offering Memorandum available in the MLS documents. Virtual tours available for the detached home and loft.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Building/Complex Name NA
Interior
Cooling None
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5381401300
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.zillow.com/view-imx/d459df98-3eef-4951-9851-e4c7ee7f9aa0?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Listed by Christina Labowicz ACI Apartments #02055851
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