Variance Granted for Commerical: Ofc/Rtl/Ind. Duplicate 2-4 unit listing #180063329. Mixed use. Zoning CC-3-8 high density-1 unit per 600sf-100 foot height limit. Potential future land bank or continue as apt, office, medical, dental, etc. 3 of 4 units completely renovated. New kitchens, baths, upgraded flooring, fresh interior texture/paint, upgraded windows, newer roof/stucco, 3 new FAU and A/C units, upgraded electrical panel/outlets, etc.. 3 of 4 units completely furnished with high end finishes/furnishings negotiable Current short-term rental income ~$220,000 with 4 apartments projected. Actual income includes long term tenant of ~20 yrs with significant below market rent. Actual income includes base rent + profit sharing with "super host" Airbnb mgmt. 3 of 4 units currently short term rentals w/gross income=~$185,000. If 4th apt. added projected income at ~$220,000 as 4 short term rentals. Projected cap off the chart at 7-8% w/in house mgmt. As 4 long term rentals, projections at $131,100 with 5% cap. Cooling: Central Forced Air Gas

  • MLS# 180064251
  • Style Industrial
  • Sub-Type Lease
  • Status Active
  • Year 1956
  • Days On Site 6
Story(s) 0
Units 4
Listing Provided By:
Dale Curtis  of  Glenbrook Advisors
 
 
4109 3rd
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3 single car garages + 3 tandem space along with 2 assigned parking spaces
this listing $2,349,000
154.77%
$922,000 in 92103
this listing 6 on site
9.09%
5.5 on site in 92103

Location

State CA
County San Diego
City San Diego
Zip Code 92103

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