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    4136 Cherokee Ave

    San Diego, CA 92104
    • $995,000
    • STATUS: ACTIVE
    • ON SITE: 72 days
    • ID#: 200051209
    UPDATED: 50 min ago
    $995,000
    • 6
      BEDS
    • 0.08
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,478
      SQFT
    • $402
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    Description

    3 INCOME PRODUCING UNITS WITH HUGE UPSIDE POTENTIAL IN RENTS!!!! Two of the three units are currently rented giving a new owner the opportunity to either live in one and rent the rest or rent all three. Each unit has 2beds/1.5baths, individual laundry, private yards and 2 parking spots! The units are all turn key but could be renovated for a large value add to this investment. Units are close to all that NorthPark has to offer and easy access to the freeway make this the perfect investment property! Well maintained 3 units, all 2 bedroom 1.5 bath side by side apartments. Bedrooms and full bath are on the second story of each unit, with the kitchen/living/laundry/half bath and yards all on the first floor. The property is accessed from the alley and has 6 total parking spots. Every unit has its own private in unit laundry and fully fenced private yards off the living rooms. 3,419 sf lot with RM-1-2 zoning. This property is turn key with consistent rents, make it yours today!!!!!

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    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 MLS. 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/111752157
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    4136 Cherokee Ave San Diego, CA 92104

    • Price: $995,000
    • Status: ACTIVE
    • Updated: 50 min ago
    • ID#: 200051209
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,478
    SQFT
    $402
    $/SQFT
    1981
    Built
    Neighborhood:
    Teralta
    County:
    San Diego
    Area:
    North Park (92104)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    Property Description
    3 INCOME PRODUCING UNITS WITH HUGE UPSIDE POTENTIAL IN RENTS!!!! Two of the three units are currently rented giving a new owner the opportunity to either live in one and rent the rest or rent all three. Each unit has 2beds/1.5baths, individual laundry, private yards and 2 parking spots! The units are all turn key but could be renovated for a large value add to this investment. Units are close to all that NorthPark has to offer and easy access to the freeway make this the perfect investment property! Well maintained 3 units, all 2 bedroom 1.5 bath side by side apartments. Bedrooms and full bath are on the second story of each unit, with the kitchen/living/laundry/half bath and yards all on the first floor. The property is accessed from the alley and has 6 total parking spots. Every unit has its own private in unit laundry and fully fenced private yards off the living rooms. 3,419 sf lot with RM-1-2 zoning. This property is turn key with consistent rents, make it yours today!!!!!
    Exterior Features

    Boat Facilities No/Unknown Exterior Wood/Stucco Fencing Full Frontage N/K Frontage Dimensions In Feet 49 Irrigation N/K Lot Dimensions Approx 49 X 69 Parking For RV On-Site Parking Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Roof Other/Remarks Site Alley Access Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 1 Half Baths Unit3 1 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type Gas

    Property Features

    Actual Cap Rate 2.51 Age Restrictions N/K Annual Expense Actual 20938 Annual Expense Projected 20938 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community North Park Complex Park Na Cross Streets Cherokee And Orange Gross Rent Multiplier Actual 21.98 Gross Rent Multiplier Project 17.62 Gross Scheduled Income Actual 48900 Gross Scheduled Income Project 61020 Home Owners Assoc Fee Includes N/K Home Owners Assoc Payment Freq N/K Home Owners Fee Reflects None Known Home Owners Fees 0.0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 38862 Other Fees 0.0 Other Income Actual 0 Pets Yes Projected Cap Rate 3.62 Sales Restrictions N/K Security Security Bars Sewer Septic Sewer Connected Short Sale No Tenant Pays N/K Terms CashConventionalExchangeFhaVa Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 1695.0 Unit1 Rent Actual 1575.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 1695.0 Unit2 Rent Actual 1300.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1695 Unit3 Rent Actual 1200.0 Vacation Rental By Owner No Water Meter On Property Water District City Of San Diego Zoning Rm-1-2

    Listing provided courtesy of Apartment Advisors Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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 MLS. 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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