RARE SAN DIEGO VALUE-ADD INVESTMENT OFFERING IMMEDIATE CASH FLOW AND EXCEPTIONAL UPSIDE. CURRENT NOI OF $55,231 (4.60% CAP RATE) WITH THE POTENTIAL TO INCREASE TO AN ESTIMATED NOI OF $86,838 (7.20% PRO FORMA CAP RATE) THROUGH LEASE OPTIMIZATION, IMMEDIATE STUDIO LEASE-UP, ANCILLARY INCOME OPPORTUNITIES, AND COMMERCIAL FLEXIBILITY. CONTACT TRIOLO REALTY GROUP TO REQUEST THE COMPLETE OFFERING MEMORANDUM (OM) WITH FINANCIAL ANALYSIS AND 3D TOUR, OR SCHEDULE A PRIVATE PROPERTY TOUR.
$1,199,000
5 UNITS Zoned: Commercial CC-4-5
3980 sqft
VA & FHA APPROVED! GROUND-FLOOR BALBOA RIDGE RESIDENCE WITH PRIVATE PATIO, IN-UNIT LAUNDRY, DUAL MINI-SPLIT HVAC, DEEDED PARKING, AND RESORT-STYLE AMENITIES IN THE HEART OF CENTRAL SAN DIEGO. PERFECT FOR FIRST-TIME BUYERS, ACTIVE DUTY & VETERANS, DOWNSIZERS, SECOND HOME BUYERS & STUDENT HOUSING
$399,000
1 beds | 1 baths
582 sqft