638-640 22nd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
638-640 22nd St
4 Unit Apartment Building $1,951,519 CAD ($487,880 CAD/Unit) 5.17% Cap Rate San Diego, CA 92102
Investment Highlights
- 1890 Victorian Complex
- 4 Units off Market Street and the highway
Executive Summary
638-40 22nd Street is a Historic Victorian Farmhouse in Sherman Heights. Located in the heart of Sherman Heights, one of San Diego's oldest and most storied neighborhoods, this 1895 Victorian 4plex stands as a testament the City's rich history. The original structure accommodates 3 units consisting of one 2 Bedroom and two 1 Bedrooms, each with their own patios, and in the basement you'll find a storage locker for each unit and common laundry machines. There is also a separate 1 bedroom cottage and all units are fenced in with a key-gated entry to the lovely, lush grounds. The foundation, plumbing and electrical were all recently redone as well as a termite clearance. Buyer to verify. The owner bills back the tenants for water and the units have new appliances. The Mills Act Paperwork has been gathered but not submitted. Buyer to verify.
Financial Summary (Actual - 2023) 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 - 2023) 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 | $1,951,519 CAD | Apartment Style | Low Rise |
| Price Per Unit | $487,880 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.17% | Building Size | 2,239 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1890 |
| Price | $1,951,519 CAD |
| Price Per Unit | $487,880 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,239 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1890 |
Unit Amenities
- Balcony
- Washer/Dryer
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,361 CAD | 500 - 600 |
| 1+1 | 3 | $2,599 CAD | 739 |
1 of 1
Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 535-220-06 | Improvements Assessment | $714,032 CAD (2024) |
| Land Assessment | $540,017 CAD (2024) | Total Assessment | $1,254,048 CAD (2024) |
PROPERTY TAXES
Parcel Number
535-220-06
Land Assessment
$540,017 CAD (2024)
Improvements Assessment
$714,032 CAD (2024)
Total Assessment
$1,254,048 CAD (2024)
zoning
| Zoning Code | R4 (Residential) |
| R4 (Residential) |
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
638-640 22nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.