1144 Fresno Street, Old Town, CA 92110

$4,350,000
2
BD
Sold Price
$4,350,000
List Price
$4,800,000
Closing Date
Mar 30, 2018
Days on Market
206
Status
SOLD
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
Financing
Exchange Up
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
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap

Selling Office: Marcus & Millichap.

board logo

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 Sandicor®. 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 © 2018 Sandicor®, Inc.