Photo of Arlene Sacks

Arlene Sacks

DRE# 00603821

858.922.3900



$5,600,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180012958

Description

Roosevelt Court is a classic, Spanish -style 19 unit apartment complex located just 4 blocks from Balboa Park in the desirable South Park residential submarket totaling 11,174 SF of structure. This complex features a lovely courtyard, 6 cottage-style units with coved ceilings, hardwood floors, and unique built-ins from the era. In addition, there is a duplex building in the rear of the courtyard with two 2 bedroom units that feature the same charm. These units command premium rents and select units have been renovated. The main building fronts 30th Street with an additional 11 spacious units. Select units have interior stairways. There is an adjacent parcel with 8 potential parking spaces and development potential. This property is in a high demand rental market with low maintenance costs and healthy upside in rents still exists. There are onsite laundry facilities. The offering includes APNs 453-602-09-00 and 453-601-04-00.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1926
Number of Buildings:
3
Number of Stories:
2
Total Number of Parking Spaces:
8

Location

County:
San Diego

Additional Details

Number of Units:
19
Number of Leased Apartments:
19
Number of Stories:
2
Total Monthly Rent:
$29,210
Price Per Unit:
$294,737
Down Payment:
$2,350,000
Gross Equity:
$3,100,000
SqFt of Improvement:
11,174
Lot Square Footage:
10,418
Assessors Parcel #:
453-601-04-00
Units with Ranges:
19
Units with Refrigerator:
19

Unit Details

Unit 1
Number of Units:
4
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,925
Unit Rental Total:
$7,700
Unit 2
Number of Units:
14
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,440
Unit Rental Total:
$20,160
Unit 3
Number of Units:
1
Number of Baths:
1
Rent:
$1,250
Unit Rental Total:
$1,250

Listing provided by

South Coast Commercial, Inc.
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Central San Diego

Central San Diego is a pocket of smaller-sized communities that lie along some of the canyons and mountains just east of the Pacific. Including Mission Valley and Old Town – also known as the birthplace of California – the central part of San Diego is the core of the city and a mix of old and new. The old Mission, host of shops, and museums contrast with the nearby Mission Bay Park... Read More

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Presented By
Arlene
Sacks

DRE# 00603821

858.922.3900

Email Me
Presented By
Arlene
Sacks

DRE# 00603821

858.922.3900

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.