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6736-6740 Kelly St

7 Unit Apartment Building $3,820,527 CAD ($545,790 CAD/Unit) San Diego, CA 92111

Apartment Buildings California San Diego 6736-6740 Kelly St, San Diego, CA 92111

Investment Highlights

  • Great development opportunity - located in Tier 4 of Complete Communities
  • Plenty of parking spaces on onsite
  • Large flat lot spanning almost 10,000 sq ft
  • Property includes Guava, Avocado, Dragon Fruit, Apple, Lemon, Cherimoya trees

Executive Summary

This 7-unit property at 6736-38 Kelly St, San Diego, offers excellent investment potential with ADU possibilities, located in Tier 4 of Complete Communities. With prime access to local amenities and public transit, this property combines convenience and growth opportunities in one of San Diego's most sought-after development zones. Ideal for investors looking to maximize value in a rapidly evolving neighborhood.

Attachments

6736-38 Kelly St_compressed (1)

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $294,605 $70.40
Other Income - -
Vacancy Loss $8,838 $2.11
Effective Gross Income $285,767 $68.28
Taxes $46,228 $11.05
Operating Expenses $37,189 $8.89
Total Expenses $83,418 $19.93
Net Operating Income $202,349 $48.35

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $294,605
Annual Per SF $70.40
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $8,838
Annual Per SF $2.11
Effective Gross Income (CAD)
Annual $285,767
Annual Per SF $68.28
Taxes (CAD)
Annual $46,228
Annual Per SF $11.05
Operating Expenses (CAD)
Annual $37,189
Annual Per SF $8.89
Total Expenses (CAD)
Annual $83,418
Annual Per SF $19.93
Net Operating Income (CAD)
Annual $202,349
Annual Per SF $48.35

Property Facts

Price $3,820,527 CAD Building Class C
Price Per Unit $545,790 CAD Lot Size 0.24 AC
Sale Type Investment Building Size 4,185 SF
No. Units 7 Average Occupancy 100%
Property Type Multifamily No. Stories 2
Property Subtype Apartment Year Built 1970
Apartment Style Low Rise Parking Ratio 3.35/1,000 SF
Price $3,820,527 CAD
Price Per Unit $545,790 CAD
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 4,185 SF
Average Occupancy 100%
No. Stories 2
Year Built 1970
Parking Ratio 3.35/1,000 SF

Unit Amenities

  • Balcony
  • Microwave
  • Heating
  • Security System
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Views
  • Yard
  • Deck
  • Garden

Site Amenities

  • 24 Hour Access
  • Security System
  • Trash Pickup - Curbside
  • Public Transportation
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $3,219 CAD -
1+1 2 $3,042 CAD -
Studios 1 - -
1 of 1

PROPERTY TAXES

Parcel Number 431-410-01 Total Assessment $2,184,314 CAD
Land Assessment $1,116,073 CAD Annual Taxes $46,228 CAD ($11.05 CAD/SF)
Improvements Assessment $1,068,241 CAD Tax Year 2024

PROPERTY TAXES

Parcel Number
431-410-01
Land Assessment
$1,116,073 CAD
Improvements Assessment
$1,068,241 CAD
Total Assessment
$2,184,314 CAD
Annual Taxes
$46,228 CAD ($11.05 CAD/SF)
Tax Year
2024

zoning

Zoning Code R2, San Diego
R2, San Diego
(858) 336-9688

  • Listing ID: 33254696

  • Date on Market: 2024-09-20

  • Last Updated:

  • Address: 6736-6740 Kelly St, San Diego, CA 92111

The Multifamily Property at 6736-6740 Kelly St, San Diego, CA 92111 is currently available For Sale. Contact JLM Real Estate Inc. for more information.

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6736-6740 Kelly St
(858) 336-9688 x

6736-6740 Kelly St

1/2

Jason Lee

(858) 336-9688

(858) 336-9688

Sean Toohey

(949) 613-1674

(949) 613-1674

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