719-731 63rd St
6 Unit Apartment Building $3,668,175 CAD ($611,363 CAD/Unit) 5.64% Cap Rate San Diego, CA 92114
INVESTMENT HIGHLIGHTS
- 6 on 1
- Strong Unit
- Large Lot
- Development Potential
- Close Proximity to Transit
- 5 Single Story Homes are Fully Renovated
EXECUTIVE SUMMARY
We are pleased to present this 6 on 1 in Encanto. The property offers 5 single story 3Br/1Ba houses and a 2-story 3Br/2Ba front house with its own private backyard and driveway. The 5 single story houses are fully renovated with all new but not limited to roofs, stainless steel appliances, dual pane windows, plumbing, electrical, mini splits, ceiling fans in each bedroom and in-unit W&D. The 3Br/2Ba is separately metered for water and gas&electric which tenant pays all utilities for that unit. The owner has plans submitted to the city to demo the 2-story front house and build 4 new 2Br/2Ba units (2,900 SF) with parking. The property currently generates $210,000 gross income yearly bringing in a 5.64% CAP rate on ACTUALS! Call today to get more information on this amazing investment that offers great cash flow and upside to build more units!
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
UNIT AMENITIES
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
- Garden
- Vinyl Flooring
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 549-072-04 | Total Assessment | $2,464,935 CAD |
| Land Assessment | $1,493,900 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $971,035 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | RX-1-1 |
