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8650 Hurlbut St

San Diego, CA 92123
  • $2,395,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 240002201SD
UPDATED: 76 min ago
$2,395,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Angelo La Bruna of Apartment Realty Group (ARG) (619-222-9500)


Description

**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diegos strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T08:29:51.853. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147080845
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8650 Hurlbut St San Diego, CA 92123

  • Price: $2,395,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 76 min ago
  • ID#: 240002201SD
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Serra Mesa
County:
San Diego
Area:
92123 - San Diego
Property Description
**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diegos strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).
Exterior Features

Fencing None Parking Total 0 Roof Composition Spa YN No View YN No

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes Heating YN Yes

Property Features

Association Fee 0 Cap Rate 5.36 Gross Scheduled Income 177360 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 128407 Senior Community YN No Tenant Pays ElectricityGas



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T08:29:51.853. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Angelo La Bruna of Apartment Realty Group (ARG) (619-222-9500)