3834 Euclid Avenue

    San Diego, CA 92105
    • $1,350,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: 180057666
    UPDATED: 67 min ago
    $1,350,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    RENTS RAISED! Located in an Opportunity Zone, we are pleased to present 3834-40 Euclid Avenue which is a 6 unit apartment property consisting of four (4) 2 Bed / 1 Bath units, and two (2) 1 Bed / 1 Bath units with four (4) garages that generate extra income. The subject property has been well maintained and is situated on a 6,250 SF lot. The units have tile flooring in the common areas and new windows as well as a new staircase and landing. The property has low operating costs as well as significant upside in rents with the rents currently 30% below market. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/88792953

    3834 Euclid Avenue San Diego, CA 92105

    • Price: $1,350,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: 180057666
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    County:
    San Diego
    Property Description
    RENTS RAISED! Located in an Opportunity Zone, we are pleased to present 3834-40 Euclid Avenue which is a 6 unit apartment property consisting of four (4) 2 Bed / 1 Bath units, and two (2) 1 Bed / 1 Bath units with four (4) garages that generate extra income. The subject property has been well maintained and is situated on a 6,250 SF lot. The units have tile flooring in the common areas and new windows as well as a new staircase and landing. The property has low operating costs as well as significant upside in rents with the rents currently 30% below market. This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Cap Rate 4.40 Country Us Gross Scheduled Income 91200.00 Net Operating Income 59359.00 Operating Expense 15255.00 Property Sub Type Commercial/Residential Total Monthly Rent 7600

    Listing provided courtesy of Benn Vogelsang of South Coast Commercial, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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