1105-1111 Sutter St
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1105-1111 Sutter St
6 Unit Apartment Building $3,303,835 CAD ($550,639 CAD/Unit) 3.61% Cap Rate San Diego, CA 92103
Investment Highlights
- Large 2 Bed and Commercial Units; Common Laundry
- Large Rear Patio & Picnic Area, 13,021 Sq Ft Lot
- (1) Salon (2) 2Bed/1Bath & (3) 1Bed/1Bath Units
- Market 6.2% Cap Rate & 11.5 GRM
Executive Summary
1105-11 Sutter Street is a 6-unit mixed use property located in Mission Hills. The property consists of 2 structures totaling approximately 4,470 square feet situated on a large 13,021 square foot lot connecting to a canyon. There is large, common patio area with picnic tables and a basketball hoop below the structures as well as multiple decks. The unit mix features an approximately 1000 square foot commercial space, two large 900-1000 square foot 2 Bedroom / 1 Bathroom units as well as three 1 Bedroom / 1 Bathroom units.
Mission Hills has some of the highest home prices in the city of San Diego with most properties being single family or boutique retail. Mission Hills is located just south of the San Diego River valley and north of downtown San Diego, overlooking Old Town and San Diego Bay. It was subdivided on January 20, 1908 as a smaller portion of what is now referred to as Mission Hills. The City of San Diego describes Mission Hills as being the area north of Horton Avenue, South of Mission Valley, West of Goldfinch Street and Reynard Way, and East of the Old Town community area. Mission Hills is part of the 92103 zip code area. It is part of the Uptown community planning area.
The area is primarily residential, with some small shops and restaurants. The area was developed in the early 20th century and most of the houses are still from that era, often carefully preserved and restored. Homes there were also often designed by San Diego’s premier architects.
The main business streets are University Ave. and Washington St. Other major streets are Ft. Stockton Dr. and Sunset Blvd. Cross streets are named for birds, in alphabetical order from Albatross to Lark. Mission Hills contains two historic districts recognized by the City of San Diego
Mission Hills has some of the highest home prices in the city of San Diego with most properties being single family or boutique retail. Mission Hills is located just south of the San Diego River valley and north of downtown San Diego, overlooking Old Town and San Diego Bay. It was subdivided on January 20, 1908 as a smaller portion of what is now referred to as Mission Hills. The City of San Diego describes Mission Hills as being the area north of Horton Avenue, South of Mission Valley, West of Goldfinch Street and Reynard Way, and East of the Old Town community area. Mission Hills is part of the 92103 zip code area. It is part of the Uptown community planning area.
The area is primarily residential, with some small shops and restaurants. The area was developed in the early 20th century and most of the houses are still from that era, often carefully preserved and restored. Homes there were also often designed by San Diego’s premier architects.
The main business streets are University Ave. and Washington St. Other major streets are Ft. Stockton Dr. and Sunset Blvd. Cross streets are named for birds, in alphabetical order from Albatross to Lark. Mission Hills contains two historic districts recognized by the City of San Diego
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $3,303,835 CAD | Property Subtype | Apartment |
Price Per Unit | $550,639 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.34 AC |
Cap Rate | 3.61% | Building Size | 4,610 SF |
Gross Rent Multiplier | 15.8 | No. Stories | 2 |
No. Units | 6 | Year Built | 1930 |
Property Type | Multifamily | Parking Ratio | 0.22/1,000 SF |
Price | $3,303,835 CAD |
Price Per Unit | $550,639 CAD |
Sale Type | Investment |
Cap Rate | 3.61% |
Gross Rent Multiplier | 15.8 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.34 AC |
Building Size | 4,610 SF |
No. Stories | 2 |
Year Built | 1930 |
Parking Ratio | 0.22/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 2 | $2,657 CAD | 900 - 1,000 |
1+1 | 3 | $1,566 CAD | 460 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
Parcel Number | 451-173-07 | Improvements Assessment | $128,799 CAD |
Land Assessment | $144,742 CAD | Total Assessment | $273,542 CAD |
PROPERTY TAXES
Parcel Number
451-173-07
Land Assessment
$144,742 CAD
Improvements Assessment
$128,799 CAD
Total Assessment
$273,542 CAD
zoning
Zoning Code | 6 |
6 |
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1105-1111 Sutter St
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