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    2045 K Street

    San Diego, CA 92102
    • $1,525,000
    • STATUS: Active
    • ON SITE: 209 days
    • ID#: 200009744
    UPDATED: 37 min ago
    $1,525,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    2045 K Street is a well maintained apartment complex located in beautiful Sherman Heights, two blocks east of the gentrified East Village submarket of Downtown San Diego. The property consists of 7 legal units in two buildings. One building consists of a detached 1Br/1Ba cottage with attached garage and private backyard area. The second building consists of a large 2Br/1Ba apartment, a 1Br/1Ba apartment and four studio apartments. All units have been upgraded to varying degrees but have yet to be modernized to today's standards hence there is significant rental upside potential. The property has also been designated historical by the San Diego Historical Board. This special designation allows the property to qualify for the Mills Act which provides major property tax savings (already in place). Due to the strategic location, attractive features and rental upside potential this is an extremely well priced investment opportunity that is rarely offered in the marketplace.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T14:32:35.94. 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 American Real Estate List & Sell. Licensed in the State of California, USA.

    www.americanrealestatehomes.com/homes/103594812
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    2045 K Street San Diego, CA 92102

    • Price: $1,525,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 200009744
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    County:
    San Diego
    Property Description
    2045 K Street is a well maintained apartment complex located in beautiful Sherman Heights, two blocks east of the gentrified East Village submarket of Downtown San Diego. The property consists of 7 legal units in two buildings. One building consists of a detached 1Br/1Ba cottage with attached garage and private backyard area. The second building consists of a large 2Br/1Ba apartment, a 1Br/1Ba apartment and four studio apartments. All units have been upgraded to varying degrees but have yet to be modernized to today's standards hence there is significant rental upside potential. The property has also been designated historical by the San Diego Historical Board. This special designation allows the property to qualify for the Mills Act which provides major property tax savings (already in place). Due to the strategic location, attractive features and rental upside potential this is an extremely well priced investment opportunity that is rarely offered in the marketplace.
    Exterior Features

    Carport Spaces 0.00 Construction Materials Other Lot Size Units Square Feet Parking Total 0.00

    Interior Features

    Heating See Remarks Heating YN Yes

    Property Features

    Cap Rate 4.74 Country Us Current Financing Other Gross Scheduled Income 108840.00 Net Operating Income 71988.00 Operating Expense 33587.00 Property Sub Type Commercial/Residential Total Monthly Rent 9070

    Listing provided courtesy of Josh Browar of The Browar Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T14:32:35.94. 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 American Real Estate List & Sell. Licensed in the State of California, USA.

     
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