4109-15 3rd Avenue, San Diego, 92103

REDUCED 8% Commercial - Commercial-Off/Rtl/Ind For Sale

$2,349,000

Beds
10Baths
Sqft
1956Built
120DOM
MLS® #: 180064251
ACTIVE, 120 Days on Market

Variance Granted for Commerical: Ofc/Rtl/Ind. Duplicate 2-4 unit listing #180063329. Mixed use. Zoning CC-3-8 high density-1 unit per 600sf-100 foot height limit. Potential future land bank or continue as apt, office, medical, dental, etc. 3 of 4 units completely renovated. New kitchens, baths, upgraded flooring, fresh interior texture/paint, upgraded windows, newer roof/stucco, 3 new FAU and A/C units, upgraded electrical panel/outlets, etc.. 3 of 4 units completely furnished with high end finishes/furnishings negotiable Current short-term rental income ~$220,000 with 4 apartments projected. Actual income includes long term tenant of ~20 yrs with significant below market rent. Actual income includes base rent + profit sharing with "super host" Airbnb mgmt. 3 of 4 units currently short term rentals w/gross income=~$185,000. If 4th apt. added projected income at ~$220,000 as 4 short term rentals. Projected cap off the chart at 7-8% w/in house mgmt. As 4 long term rentals, projections at $131,100 with 5% cap.

Essential Information

MLS® #: 180064251
Price: $2,349,000
Bathrooms: 10.00
Acres: 0.00
Year Built: 1956
Type: Commercial
Sub-Type: Commercial-Off/Rtl/Ind
Status: ACTIVE

Community Information

Address: 4109-15 3rd Avenue
Area: MISSION HILLS (92103)
City: San Diego
County: San Diego
State: CA
Zip Code: 92103

Amenities

Parking: On Site, Street, Other/Remarks

Interior

Heating: Central Forced Air Gas
Cooling: Central Forced Air Gas
# of Stories: 2
Stories: 2 Story

Exterior

Roof: Composition
Construction: Stucco

Additional Information

Date Listed: November 14th, 2018
Days on Market: 120

Listing Details

Listing Office: Glenbrook Advisors

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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 © 2019 San Diego MLS®, Inc.

Listing information last updated on March 20th, 2019 at 7:01pm PDT.

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 © 2019 San Diego MLS®, Inc.

Listing information last updated on March 20th, 2019 at 7:01pm PDT.