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Kelly Tingle

tingle.kelly@gmail.com +1(619) 261-2653

$2,100,000

Est. payment - /mo

5,301 Sqft Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2608226

HOA Y/N No

Year Built 1948

Lot Size 5,301 Sqft

Property Description

Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.

Location

State CA

County San Diego

Area 92111 - Linda Vista

Zoning R-1:Single Fam-Res

Interior

Fireplace No

Laundry Laundry Closet

Exterior

Pool None

Community Features Curbs, Storm Drain(s), Sidewalks

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4317102400

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit

Special Listing Condition Standard

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Listed by Christian Ballow Gene Bowman Realty Christian@genebowman.com, DRE #02046669

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Kelly Tingle

+1(619) 261-2653

Director of Branch Operations | Broker License ID: CA DRE # 01328533

6742 48 Waterman San Diego, CA 92111

Kelly Tingle

Key Details

Location

Interior

Exterior

Building

Others

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6742 48 Waterman