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2621 Monroe Ave

San Diego, CA 92116
  • $3,600,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 240023246SD
UPDATED: 51 min ago
$3,600,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Kim Klecan of San Terra Properties (858-832-7800)


Description

A prime investment opportunity with immediate cash flow. This fully leased 8-unit apartment building features 7 two-bedroom units and 1 one-bedroom unit. Located in the desirable University Heights neighborhood, the property is within walking distance of shops, restaurants, and public transportation, enhancing its appeal to tenants. On-site laundry facilities and a shared outdoor space provide added value for residents. This corner lot has 5100 square feet of improved space, offering potential for future enhancements.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-14T19:38:32.71. 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 or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/156109648
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2621 Monroe Ave San Diego, CA 92116

  • Price: $3,600,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 51 min ago
  • ID#: 240023246SD
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
92116 - Normal Heights
County:
San Diego
Area:
92116 - Normal Heights
Property Description
A prime investment opportunity with immediate cash flow. This fully leased 8-unit apartment building features 7 two-bedroom units and 1 one-bedroom unit. Located in the desirable University Heights neighborhood, the property is within walking distance of shops, restaurants, and public transportation, enhancing its appeal to tenants. On-site laundry facilities and a shared outdoor space provide added value for residents. This corner lot has 5100 square feet of improved space, offering potential for future enhancements.
Exterior Features

Carport Spaces 0 Parking Total 0

Interior Features

Cooling YN No Heating YN No

Property Features

Association Fee 0 Cap Rate 3.05 Gross Scheduled Income 150180 Insurance Expense 3743 Listing Agreement Seller Reserved Maintenance Expense 698 Operating Expense 40147 Property Sub Type Mixed Use Trash Expense 0 Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-14T19:38:32.71. 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 or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Kim Klecan of San Terra Properties (858-832-7800)