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4417-4421 Mentone Street

San Diego, CA 92107
  • $2,500,000
  • STATUS: ACTIVE
  • ON SITE: 12 Days
  • ID#: 240022770
UPDATED: 22 min ago
$2,500,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

2 Parcels. 4417 Mentone (2BR/1Bath House) & 4419-21 Mentone (4-Plex with all 2BR/1Bath). Both properties share 1 water meter. Estimate to add an additional water meter is $35K. Once separately metered can finance individually with 2 Residential Loans (30 YR Fixed with up to 80% LTV) for owner and non-owner occupied. Rents are well below market with long term tenancy and ownership. 4419.5 is occupied by family and willing to either sign new lease at market rents or vacate prior to close. Quiet Section of Ocean Beach with mainly smaller SFR & 2-4 Unit Properties yet a short walk or ride to all the coastal amenities Ocean Beach has to offer.

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/155812139
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4417-4421 Mentone Street San Diego, CA 92107

  • Price: $2,500,000
  • Status: ACTIVE
  • On Site: 12 Days
  • Updated: 22 min ago
  • ID#: 240022770
4
Beds
2
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
2 Parcels. 4417 Mentone (2BR/1Bath House) & 4419-21 Mentone (4-Plex with all 2BR/1Bath). Both properties share 1 water meter. Estimate to add an additional water meter is $35K. Once separately metered can finance individually with 2 Residential Loans (30 YR Fixed with up to 80% LTV) for owner and non-owner occupied. Rents are well below market with long term tenancy and ownership. 4419.5 is occupied by family and willing to either sign new lease at market rents or vacate prior to close. Quiet Section of Ocean Beach with mainly smaller SFR & 2-4 Unit Properties yet a short walk or ride to all the coastal amenities Ocean Beach has to offer.
Exterior Features

Carports 0 Parking Spaces Total 3 Units With Garages 0

Interior Features

Sq Ft Of Improvement 3749 Unit Furnished1 No Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Gross Scheduled Income 134200.0 Actual Operating Expense 43500 Actual Total Expense 43594 Assumable Finance 0 Buildings 2 Complex Features None Gross Equity 2000000 Gross Multiplier 18.6 Have 5 Units Leased Apartments 5 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 11200 Motive Want Cash out Projected Cap Rate 5.15 Projected Gross Multiplier 14.08 Projected Gross Scheduled Inc 177600 Short Sale No Tenant Pays Electric y Tenant Pays Gas y Tenant Pays Water n Unit Number1 4 Unit Number2 1 Unit Rent Total1 8200 Unit Rent Total2 3000 Unit Rent1 1800-2600 Unit Rent2 3000

San Diego MLS logo Listing provided courtesy of Thomas Mccartin of Marcus & Millichap: 858-373-3100. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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