3622-40 & 25-39 Fir St. & Grape St.

    San Diego, CA 92104
    • $3,700,000
    • STATUS: ACTIVE
    • ON SITE: 12 days
    • ID#: 190002164
    UPDATED: 24 min ago
    $3,700,000
    • 18
      BEDS
    • 1.18
      ACRES
    • 12
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Grape St. & Fir St. rental community is comprised of nine (9) residential buildings with ten (10) rented units on seven (7) tax parcels totaling approximately 51,400 Sq. Ft. 3622 Fir St. is a 3-Bed/2-Bath house with a one car garage. 3624 Fir St. is a 2-Bed/1-Bath house with an extra office room. 3628 Fir St. is a 2-Bed/1-Bath house with a 1 car garage. 3630 Fir St. & 3639 is a 2-Bed/1-Bath + 2 rooms house with a fireplace, carport, and 1-Bed/1-Bath unit. 3632-3634 Fir St. is a duplex with 1-Bed/1-Bath units that both have additional storage rooms and an on-site laundry facility. The storage rooms have existing plumbing allowing possible conversion to non-conforming Studio units. 3625 Grape St. is a 3-Bed/2-Bath house with a two (2) car garage and fireplace. 3627 is a 2-Bed/1-Bath house. 3629 is a 1-Bed/1-Bath house with a loft and fireplace. There are also two (2) vacant lots that could be potentially built on. One is a 5,426 Sf. Ft. lot and the other is just west of the 3630 Fir St. house. 42% upside.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.talechia.com/homes/90762285

    3622-40 & 25-39 Fir St. & Grape St. San Diego, CA 92104

    • Price: $3,700,000
    • Status: ACTIVE
    • Updated: 24 min ago
    • ID#: 190002164
    18
    Beds
    12
    Baths
    1
    ½ Baths
    1.18
    Acres
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    The Grape St. & Fir St. rental community is comprised of nine (9) residential buildings with ten (10) rented units on seven (7) tax parcels totaling approximately 51,400 Sq. Ft. 3622 Fir St. is a 3-Bed/2-Bath house with a one car garage. 3624 Fir St. is a 2-Bed/1-Bath house with an extra office room. 3628 Fir St. is a 2-Bed/1-Bath house with a 1 car garage. 3630 Fir St. & 3639 is a 2-Bed/1-Bath + 2 rooms house with a fireplace, carport, and 1-Bed/1-Bath unit. 3632-3634 Fir St. is a duplex with 1-Bed/1-Bath units that both have additional storage rooms and an on-site laundry facility. The storage rooms have existing plumbing allowing possible conversion to non-conforming Studio units. 3625 Grape St. is a 3-Bed/2-Bath house with a two (2) car garage and fireplace. 3627 is a 2-Bed/1-Bath house. 3629 is a 1-Bed/1-Bath house with a loft and fireplace. There are also two (2) vacant lots that could be potentially built on. One is a 5,426 Sf. Ft. lot and the other is just west of the 3630 Fir St. house. 42% upside.
    Exterior Features

    Carports 2 Construction BrickDrywallFrameStuccoOther/Remarks Exterior Cable AvailablePart FencedPart LandscapedRv ParkingWood FenceWood Deck Parking CarportsGaragesRv ParkingSpaces Parking Spaces Total 20 Roof Composition Units With Garages 3

    Interior Features

    Cooling Central Forced Air GasWall/Window Floor Coverings HardwoodTileWall To Wall CarpetOther/Remarks Floors WoodOther/Remarks Heating Central Forced Air GasWallOther/Remarks Laundry Owned Sq Ft Of Improvement 9923 Stories 1 Story2 Story

    Property Features

    Actual Cap Rate 2.29 Actual Gross Operating Income 148882 Actual Gross Scheduled Income 151920 Actual Operating Expense 64015 Actual Vacancy And Credit Loss 3038 Assumable Finance 0 Buildings 9 Existing Financing Clear Financial Information Source Owner Fiscal Year From 17 Fiscal Year To 18 Gross Equity 0 Gross Multiplier 24.4 Have North Park Rental Homes Leased Apartments 10 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 12660 Motive Want Sell / Retirement Projected Cap Rate 4.73 Projected Gross Multiplier 14.02 Projected Gross Operating Inc 258720 Projected Gross Scheduled Inc 264000 Projected Net Income 174837 Projected Operating Expense 83883 Projected Vacancy And Credit Loss 5280 Short Sale No Special Assessments/Liens Sq Ft Source Buyer To VerifyOwner Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashOwner May Carry 1st Unit Number1 1 Unit Number10 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Number9 1 Unit Rent Total1 1925 Unit Rent Total10 535 Unit Rent Total2 1410 Unit Rent Total3 1250 Unit Rent Total4 1400 Unit Rent Total5 765 Unit Rent Total6 775 Unit Rent Total7 2200 Unit Rent Total8 1400 Unit Rent Total9 1000 Unit Rent1 1925 Unit Rent10 535 Unit Rent2 1410 Unit Rent3 1250 Unit Rent4 1400 Unit Rent5 765 Unit Rent6 775 Unit Rent7 2200 Unit Rent8 1400 Unit Rent9 1000 Unit Type Apartment

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2019 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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