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    4840 College Ave

    San Diego, CA 92115
    • $1,649,000
    • STATUS: ACTIVE
    • ON SITE: 14 days
    • ID#: 210019643
    UPDATED: 81 min ago
    $1,649,000
    • 9
      BEDS
    • 1.07
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,550
      SQFT
    • $465
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1946
    County:

    School Ratings & Info

    Description

    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.

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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.sunluxrealestate.com/homes/119278705
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    4840 College Ave San Diego, CA 92115

    • Price: $1,649,000
    • Status: ACTIVE
    • Updated: 81 min ago
    • ID#: 210019643
    9
    Beds
    5
    Baths
    0
    ½ Baths
    1.07
    Acres
    3,550
    SQFT
    $465
    $/SQFT
    1946
    Built
    Neighborhood:
    San Diego State
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    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.
    Exterior Features

    Exclusive Use Yard No Exterior Stucco Fencing Redwood Lot Size 1+ To 2 Ac Parking Garage Description None Known Parking Non Garage Description Driveway - Concrete Parking Non Garage Spaces 2 Parking Spaces Total 4 Pool Above Ground Residential Styles Detached Roof Shingle Topography Bluff/Canyon RimRollingSlope Steep

    Interior Features

    Bath Totals 5 Bedroom2 Dimensions 12X10 Bedroom3 Dimensions 12X10 Bedroom4 Dimensions 10X10 Bedroom5 Dimensions 10X10 Bedrooms Total 9 Cooling Attic FanElectric Dining Room Dimensions 10X10 Equipment Available 6 Burner StoveGas & Electric RangeGas OvenGas StoveGas Range Family Room Dimensions 10X10 Heat Equipment Forced Air Unit Heat Source Natural Gas Kitchen Dimensions 10X10 Laundry Location Closet Stacked Laundry Utilities Gas & Electric Dryer Hu Living Room Dimensions 10X10 Master Bedroom Dimensions 12X10 Optional Bedrooms 0 Searchable Rooms Family RoomMaster Bdrm 2Utility RoomGame RoomLiving RoomMaster BedroomLaundryMaster BathroomMulti-Level Bedroom Stories 1 Story

    Property Features

    Age Restrictions N/K Association ID San Diego Association Of Realtors (Sdar) Cfd Mello Roos Fee 0.0 Community San Diego Cross Streets College And Mesita Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Ownership Fee Simple Property Restrictions Known None Known Sales Restrictions N/K Sewer Septic Sewer Connected Short Sale No Terms ConventionalExchange Water Meter On Property

    Listing provided courtesy of South Coast Commercial, 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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