312 Brookes Ave, San Diego, CA 92103
312 Brookes Ave, San Diego, CA 92103
312 Brookes Ave, San Diego, CA 92103
46
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$2,295,000
Est. payment /mo
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4 Beds
4 Baths
Price Dropped by $100K

312 Brookes Ave San Diego, CA 92103

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Giovanna Kellems

Giovanna Kellems

+1(619) 597-8033

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Hillcrest (Hc)

MLS Listing ID 260020675

Bedrooms 4

Full Baths 4

Year Built 2010

Property Sub-Type Res Income 2-4 Units

Property Description

RE-PRICED TO SELL! Turnkey Hillcrest multifamily investment offering four extensively renovated 1BR/1BA residences in a highly desirable central San Diego location. Fully leased with approximately $143,880 in annual gross scheduled income and approximately $111,690 stabilized NOI. New asking price represents an approximate 4.87% stabilized cap rate. The property has undergone extensive improvements including updated kitchens and bathrooms, flooring, dual-pane windows, electrical and plumbing upgrades, mini-split heating and air conditioning, in-unit laundry, fire sprinkler improvements, secured entry and landscaped common areas. Select residences include private outdoor space and parking. Located near Balboa Park, UC San Diego Health Hillcrest, Scripps Mercy Hospital, Mission Hills, Downtown San Diego, dining, shopping, transit and major transportation corridors. A compelling opportunity to acquire a fully leased, renovated four-unit property with established in-place income and limited near-term capital improvement requirements.

Location

State CA

County San Diego

Area Metro Uptown

Zoning RM-3-9

Direction use Waze, iMaps or Google. Corner of 3rd Ave and Brookes Ave in 92103

Interior

Heating Combination Heating

Cooling Zoned Area(s)

Fireplace No

Exterior

Fence Full, Gate

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition,Rolled/Hot Mop

Building

Story 2

Water Meter on Property

Level or Stories 2

Others

HOA Fee Include Trash Pickup

Senior Community No

Tax ID 452-285-13-00

Acceptable Financing Cash, Conventional, Exchange, Other/Remarks

Listing Terms Cash, Conventional, Exchange, Other/Remarks

Special Listing Condition Call Agent

Virtual Tour https://www.propertypanorama.com/instaview/snd/260020675

MLS Router / San Diego MLS
Listed by Jean Paul Schwarz, DRE#01915341 The Schwarz Group 
Co-listed byElisabeth M Schwarz • The Schwarz Group

NEARBY SCHOOL & BUSINESS

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Giovanna Kellems

Giovanna Kellems

Broker Associate

+1(619) 597-8033

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312 Brookes Ave