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2250-54 Garnet Ave
Coastal South San Diego 92109

$3,000,000 /600000.0
Com-Res Income 6,241 sq. ft. built: 77

Main Photo: Property for sale: 2250-54 Garnet Ave in San Diego
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
220016929
Year Built:
77
Fully renovated, and rented. Immediate cash flow! All units are 2bed/1baths. Bungalow (Detached) 929sf w/ private laundry. Four-Plex has 2 units on first level and 2 units on second level. First level units are 646sf each - Second level units are 722sf each. Renovations include new waterproof flooring throughout, new kitchen cabinets, quartz countertops, new appliances, new built-ins throughout, upgraded electrical. Two of the five units were updated in the past 6 years. Three of the five units were renovated (2022) throughout. Additional renovations completed by the seller: Exterior paint, roof replacement, updated electrical, hedge trimming, parking space expansion, Hardscape cleaning, Laundry room renovation. Zoning may allow additional non-residential uses. See zoning info in documents tab. All units are rented - two units are on month to month and below market rent (raised this year). Three units are in 12 month leases (expire 2023). Opportunity to increase revenue: Units 2254 & 2254 1/2 are below market rent on Month to Month (Increase annual income ~$19,800), add coin laundry to increase revenue, add water meters.
Rental Amount:
12950
Price Per Unit:
600000.0
Total Floor Area:
6,241 sq. ft.
Lot Size:
6,098.4 sq. ft.
Lot Size Commercial:
.25 Acres or less
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
2
Number of Units:
5
Stories:
2 Story
Num Stories:
2
Unit Type:
Apartment
Year Built:
77
Cap Rate.:
4.16
Gross Multiplier:
19.3
Gross scheduled income:
155400.0
Gardener expense:
840
Gas / Electric expense:
1185
License expense:
75
Management expense:
15540
Taxes expense:
1970.96
Trash expense:
2208
Operating expense:
13065.35
Water/Sewer expense:
6432.27
Projected Cap Rate.:
3.5
Projected cash flow:
105369.0
Projected gross scheduled income:
175200
Projected net Income:
105369
Projected annual P&I expense:
2400
Projected gardener expense:
840
Projected Gas / Electric expense:
1185
Projected insurance F&L expense:
2400
Projected operating expense:
50031
Projected taxes expense:
36966
Projected trash expense:
2208
Projected Water/Sewer expense:
6432.27
Gross equity:
3000000
Motive / Want:
Cash Out - Seller May Carry
Existing Financing:
Clear
Present Loan:
0
Short Sale:
No
Listing Type:
Exclusive Right (R)
Exterior Finish:
Front Sprinklers, Fully Landscaped, Metal Fence
Parking:
Spaces
Number of Carports:
0
Total Parking Spaces:
5
Cooling:
Wall/Window
Heating:
Wall/Gravity
Construction Material:
Brick, Drywall, Frame, Lath/Plaster, Stucco
Roof:
Composition
Terms:
Cash, Other/Remarks
Number of Units with Dishwashers:
3
Number of Units with Disposals:
3
Number of Units with Drapes:
5
Number of Units with Garages:
0
Number of Units with Range/Oven:
5
Number of Units with Refrigerators:
5
Number of Leased Appartments:
5
Zoning:
CO-1-2
Parcel Number:
416-563-17-00
Number of Units in Unit 1:
1
Unit 1 Furnished:
N
Bedrooms for Unit 1:
2
Bathroom 1:
1.0
Number of Units in Unit 2:
1
Unit 2 Furnished:
N
Bedrooms for Unit 2:
2
Bathroom 2:
1.0
Number of Units in Unit 3:
1
Unit 3 Furnished:
N
Bedrooms for Unit 3:
2
Bathroom 3:
1.0
Number of Units in Unit 4:
1
Unit 4 Furnished:
N
Bedrooms for Unit 4:
2
Bathroom 4:
1.0
Number of Units in Unit 5:
1
Unit 5 Furnished:
N
Bedrooms for Unit 5:
2
Bathroom 5:
1.0
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Listed by Realty and Design of San Diego
Data was last updated September 30, 2022 at 11:10 AM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$3,097,500
Min list price:
$598,000
Max list price:
$17,000,000
Avg days on market:
65
Min days on market:
2
Max days on market:
912
Avg price per sq.ft.:
$431.62
These statistics are generated based on the current listing's property type and located in San Diego. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.