1611-15 Edgemont St., Golden Hill, CA 92102
- $1,627,250
- 4
- BD
- 3
- BA
- 68,905
- SqFt
- Sold Price
- $1,627,250
- List Price
- $1,700,000
- Closing Date
- Dec 30, 2021
- Days on Market
- 0
- Status
- SOLD
- MLS#
- 210032187
- Bedrooms
- 4
- Bathrooms
- 3
- Living Sq. Ft
- 68,905
- Lot Size(Range)
- 4,000-7,499 SF
- Lot Size(apprx.)
- 7,650
- City
- Golden Hill
- Neighborhood
- South Park
- Complex/Building Name
- San Diego
- Property Type
- Multifamily
- Year Built
- 1938
Property Description
3 Units available in Prime South Park. Quite Residential Street. 2 units (The front 2BR/1Bath House and one of the 1BR/1Bath units) will be delivered unoccupied at the close of escrow. Tons of immediate upside in the rents. Estimated $2,000/1BR in current condition. With some updating the pro forma rents should be closer to $2,450. Front 2BR/1.5Bath House with longer term tenant and rents about 25% below market. Large lot with plenty of parking as well as a garage. Each unit has a patio/yard. Alternative use could be operating as short term rentals with a nightly rate of $150-$200 for the 1BR Bungalow style units.
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Additional Information
- Building Name
- San Diego
- Cooling
- N/K
- Financing
- Cash
- Gross Rent Multiplier Actual
- 20
- Gross Rent Multiplier Project
- 17
- Gross Scheduled Income Actual
- 81000
- Living Area
- 68,905
- Lot Size
- 7,650
- Lot Size Range
- 4,000-7,499 SF
- Neighborhood
- South Park
- Other Income Projected
- 1800
- Roof
- Composition
- Stories
- 1 Story
- Style
- Res Income 2-4 Units
- Tenant Pays
- Electricity, Gas/Propane
- Year Built
- 1938
Mortgage Calculator
Listing courtesy of Marcus & Millichap
Selling Office: Acre Investment Real Estate.
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