List Price: $699,000
Property Type: Duplex (multi-family residential income)
Cap Rate: 9.1%
Lot Size: 6,074 square feet
Beds: 8 (4-beds per unit)
Baths: 4 (2-baths per unit)
No rent control and located in a strong rental market
Well-maintained by professional Management
NEWER FULLY OCCUPIED DUPLEX CASH-FLOWS LIKE AN INVESTOR'S DREAM! TWO 4-BED/2-BATH UNITS ON LARGE RD-2 LOT IN TIER 1 TOD ZONE = BUILD 4 ADDITIONAL UNITS FOR 6 X $2,750.00 PER MONTH ($16,500 GSI). BEST CAP RATE IN LOS ANGELES, PRICE REDUCED TO SELL, NO RENT CONTROL, EXCELLENT EXISTING CASH FLOW WITH ADDITIONAL UPSIDE DEVELOPMENT POTENTIAL (buyer to verify all information provided). CONTACT LISTING AGENT FOR ADDITIONAL DETAILS.
Available for Lease: September 1, 2018
Monthly rent: $2,800
Lease Term: 1-year
Pets Okay: Yes
Live the city life in this highly sought-after Gaslamp District condo with amazing views of downtown San Diego. Ideally located, within close walking distance to bars, restaurants, Petco Park, and so much more! This south-facing corner unit condo gets tons of natural light and showcases amazing views of downtown ranging from the Coronado Bridge to Petco Park. Take advantage of the building's many amenities which include a gym and rooftop common area with amazing panoramic views of San Diego...a truly great place for entertaining guests and hanging out with friends. With newly renovated floors, paint, upgraded light fixtures, central AC, and washer/dyer in-unit, this clean and well-maintained condo is undoubtedly a beautiful, fun, and convenient place to call home. Don't miss out on this terrific value and opportunity!
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