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    4303 Mentone

    San Diego, CA 92110
    • $2,495,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 200051927
    UPDATED: 50 min ago
    $2,495,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Mediterranean style building with mature landscaping in Loma Portal (Ocean Beach area). Well appointed units with tile flooring, granite countertops, stainless steel appliances. Each unit gets one covered parking spot. Owned laundry equipment. Many tenants are relatively long term. Legitimate upside in rents within the rent control constraints. Current cap rate is 3.3% while market cap rate is 3.6%. These units are approved condominiums with a current white report (ask agent for details) Amenities: None

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T08:28:02.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/111972084
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    4303 Mentone San Diego, CA 92110

    • Price: $2,495,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 200051927
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    92110 - Old Town Sd
    County:
    San Diego
    Area:
    92110 - Old Town Sd
    Property Description
    Mediterranean style building with mature landscaping in Loma Portal (Ocean Beach area). Well appointed units with tile flooring, granite countertops, stainless steel appliances. Each unit gets one covered parking spot. Owned laundry equipment. Many tenants are relatively long term. Legitimate upside in rents within the rent control constraints. Current cap rate is 3.3% while market cap rate is 3.6%. These units are approved condominiums with a current white report (ask agent for details) Amenities: None
    Exterior Features

    Carport Spaces 7.00 Construction Materials Stucco Lot Size Dimensions 50X122 Lot Size Units Square Feet Parking Total 7.00 Roof Tar/GravelTile

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.30 Country Us Gross Scheduled Income 131760.00 Insurance Expense 2103.00 Maintenance Expense 10450.00 Net Operating Income 82031.00 Operating Expense 50629.00 Other Income1 75.00 Property Sub Type Commercial/Residential Total Expenses 51242.00 Total Monthly Rent 10980 Trash Expense 1471.00 Water Sewer Expense 4706.00

    Listing provided courtesy of John Bols of J D Bols & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T08:28:02.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731