2188 San Diego Avenue, Old Town, CA 92110

$4,950,000
1
BD
List Price
$4,950,000
Price Change
▼ $145,000 1522453444
Days on Market
125
Status
PENDING
MLS#
180002770
Bedrooms
1
Lot Size(apprx.)
7,768
Property Type
Multifamily

Property Description

RENTS RAISED! Solis Place is a 21 unit apartment building that underwent a full renovation completed in 2017. The 3 story building consists of 7 one bedroom units and 14 studio units along with a laundry room and 5 off-street parking spaces situated on a 7,768 square foot lot. Each unit is furnished with a kitchen including a microwave, refrigerator, and stove, dining table with two chairs, sofa, TV, queen bed, nightstands, dresser, bathroom, closet, as well as heat and A/C. The third floor units have private decks and views of Coronado, Downtown San Diego and Point Loma. All utilities as well as cable and internet are paid by landlord. Solis Place is an ideal student housing option for UC San Diego, San Diego State or USD students. These off-campus apartments have proximity to I-5, a high walkability score, and are blocks from public transportation. The operations provide an investor with a low vacancy factor in a low maintenance asset and tenants with an affordable, renovated, stream-lined housing option.

Additional Information

Annual Expense Actual
1965
Lot Size
7,768
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 South Coast Commercial, Inc.

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.