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    4840 42 College Ave

    San Diego, CA 92115
    • $1,649,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 210021207
    $1,649,000
    • 0
      BEDS
    • 1.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Variance granted 2-4 units. Pleased to present 4840-42 College Avenue, a student rental property just a short walk from the SDSU campus and positioned on a 46,595 sqft canyon lot. The property consists of a renovated 5bed/3bath house renting for $5,050 in front AND a brand new 2020 construction 4bd/2ba ADU in back renting for $4,000. In total the property is rented for $9,050 through the summer of 2022. This is a great opportunity for a 1031 exchange investor looking for a great return around a 5% CAP rate and minimal maintenance. Current management is effective in negotiating high rental lease rates and is willing to stay on if desired. The 1+ Acre canyon lot lends its self to future development opportunities. Unit # for Unit 1: 4840 Unit # for Unit 2: 4842 Number of Furnished Units: 0 Frontage: Canyon

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/119777087
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    4840 42 College Ave San Diego, CA 92115

    • Price: $1,649,000
    • Status: Active
    • ID#: 210021207
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.07
    Acres
    1946
    Built
    Neighborhood:
    San Diego
    County:
    San Diego
    Area:
    92115 - San Diego
    Property Description
    Variance granted 2-4 units. Pleased to present 4840-42 College Avenue, a student rental property just a short walk from the SDSU campus and positioned on a 46,595 sqft canyon lot. The property consists of a renovated 5bed/3bath house renting for $5,050 in front AND a brand new 2020 construction 4bd/2ba ADU in back renting for $4,000. In total the property is rented for $9,050 through the summer of 2022. This is a great opportunity for a 1031 exchange investor looking for a great return around a 5% CAP rate and minimal maintenance. Current management is effective in negotiating high rental lease rates and is willing to stay on if desired. The 1+ Acre canyon lot lends its self to future development opportunities. Unit # for Unit 1: 4840 Unit # for Unit 2: 4842 Number of Furnished Units: 0 Frontage: Canyon
    Exterior Features

    Parking Total 0 Roof Composition Spa YN Yes View YN Yes

    Interior Features

    Cooling Central Air Cooling YN Yes Heating Natural GasRadiant Heating YN Yes

    Property Features

    Association Fee 0 Cap Rate 4.7 Gross Scheduled Income 108600 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFhaVa Loan Net Operating Income 77211 Security Features Security Gate Senior Community YN No Tenant Pays ElectricitySewerTrash CollectionWater

    Listing provided courtesy of Alexio Barbara of South Coast Commercial, Inc. and Adrian Gonzalez-Pureco of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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