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    3750-3752 Van Dyke Ave.

    San Diego, CA 92105
    • $810,000
    • STATUS: ACTIVE
    • ON SITE: 10 days
    • ID#: 210011040
    UPDATED: 58 min ago
    $810,000
    • 5
      BEDS
    • 0.16
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,085
      SQFT
    • $388
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    First time on the market in approximately 110 years. We are pleased to present for sale this Craftsman House & Duplex. Built in the early 1900's, this 3 unit community is on a large 6,867 square foot lot located in City Heights. The subject property offers an attractive unit mix consisting of one (1) charming Three Bedroom / One Bathroom detached house with a private yard, and (2) One Bedroom / One Bathroom units totaling approximately 2,088 square feet. There are two parking spaces located in the alley. The subject property has been maintained and managed by long term owners. City Heights is considered one of the most affordable rental markets in San Diego County, with great demand for apartment rentals. This vibrant and centrally located community offers excellent access to Interstate 8, 805, & 15 freeways, which connect to every major employment center in the greater San Diego area. The asset's close proximity to Downtown San Diego and central location assures the prudent investor continued rental demand, appreciation, and future rent growth. The Three Bedroom / One Bathroom Single Family Residence (936 SF) located next door at 3762 Van Dyke Ave. recently sold on 2/10/2021 for $570,000 - $608.97 / SF. The lot size is 3,363 SF.

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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.
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    3750-3752 Van Dyke Ave. San Diego, CA 92105

    • Price: $810,000
    • Status: ACTIVE
    • Updated: 58 min ago
    • ID#: 210011040
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,085
    SQFT
    $388
    $/SQFT
    1910
    Built
    Neighborhood:
    City Heights
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    First time on the market in approximately 110 years. We are pleased to present for sale this Craftsman House & Duplex. Built in the early 1900's, this 3 unit community is on a large 6,867 square foot lot located in City Heights. The subject property offers an attractive unit mix consisting of one (1) charming Three Bedroom / One Bathroom detached house with a private yard, and (2) One Bedroom / One Bathroom units totaling approximately 2,088 square feet. There are two parking spaces located in the alley. The subject property has been maintained and managed by long term owners. City Heights is considered one of the most affordable rental markets in San Diego County, with great demand for apartment rentals. This vibrant and centrally located community offers excellent access to Interstate 8, 805, & 15 freeways, which connect to every major employment center in the greater San Diego area. The asset's close proximity to Downtown San Diego and central location assures the prudent investor continued rental demand, appreciation, and future rent growth. The Three Bedroom / One Bathroom Single Family Residence (936 SF) located next door at 3762 Van Dyke Ave. recently sold on 2/10/2021 for $570,000 - $608.97 / SF. The lot size is 3,363 SF.
    Exterior Features

    Exterior BrickStuccoWoodWood/Stucco Fencing FullGate Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 AssignedUncovered Parking Non Garage Desc Unit2 AssignedUncovered Parking Non Garage Desc Unit3 None Known Roof Composition Site CurbsPublic StreetRear Yd Str AccessSidewalksStreet Paved 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 View N/K

    Interior Features

    Cooling Wall/Window Furnished Units 3 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 1 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.55 Age Restrictions N/K Annual Expense Actual 15092 Annual Expense Projected 17742 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community San Diego Complex Features Laundry Facilities Complex Park N/A Cross Streets Wightman St. & Landis St. Gross Rent Multiplier Actual 17.9 Gross Rent Multiplier Project 13.24 Gross Scheduled Income Actual 45240 Gross Scheduled Income Project 61200 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 41622 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Close Of Escrow Projected Cap Rate 5.14 Projected Other Income 0.0 Sales Restrictions N/K Security Gated Community Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial)Wired High Speed Internet Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 3752 Unit Number For Unit2 3750 Unit Number For Unit3 3750 1/2 Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 2400.0 Unit1 Rent Actual 1985.0 Unit2 Deposit 700 Unit2 Occupied Tenant Unit2 Projected Rent 1350.0 Unit2 Rent Actual 985.0 Unit3 Deposit 500 Unit3 Occupied Tenant Unit3 Projected Rent 1350 Unit3 Rent Actual 800.0 Water Meter On Property Water District City Of San Diego Zoning Rm-1-1

    Listing provided courtesy of Acre Investment Real Estate. 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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    1660 N Hotel Circle Dr #205
    San Diego CA, 92108