1144 Fresno Street, Old Town, CA 92110

$4,400,000
2
BD
List Price
$4,400,000
Price Change
▼ $400,000 1507693861
Days on Market
75
Status
ACTIVE
MLS#
170046972
Bedrooms
2
Lot Size(apprx.)
10,062
Property Type
Multifamily

Property Description

Luxury multifamily investment opportunity for sale located six blocks from the University of San Diego campus. This brand new construction custom buildout capitalizes on square footage with functional, multi-story floor plans. The property comprises six (6) upscale townhome units with a mix of four (4) 4-bedroom/3-bath units and two (2) 4-bedroom/4-bath units. Interiors feature designer upgrades such as KraftMaid cabinetry, quartz countertops, high-end appliances, and DuChâteau flooring. Additionally, each has its own rooftop deck offering sweeping views of Mission Bay, and direct access to a two-car garage. The units have been built to condo specs and could be sold as individual homes after subdividing the property. They fall under a new category called "cloud condominiums" which have no common area, but include the air space above each unit (to about 50 ft). They have no HOA and are instead governed by CC&R's for design & maintenance regulations. No shared walls and all individually metered.

Additional Information

Annual Expense Actual
2017
Cooling
Central Forced Air Gas
Gross Scheduled Income Actual
6
Laundry
Owned
Lot Size
10,062
Roof
Composition
Stories
3 Story
Style
Com-Res Income

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap