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    2993-2995 Thorn St.

    San Diego, CA 92104
    • $2,100,000
    • STATUS: CONTINGENT
    • ON SITE: 68 days
    • ID#: 200024916
    Under Contract
    UPDATED: 35 min ago
    $2,100,000
    • 11
      BEDS
    • 0.29
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    First time on market in 35 yrs.! Charming/Nostalgic 7 courtyard Spanish and craftsman style, detached houses + 6 garages and on a huge (12,600 SF) level lot! Check with city on current zoning, but potential for build-out or expansion. Rents are way under market on 4 of these units, all 7 with great paying tenants in place. On the North park/south park border close to all new restaurants, Pubs, Morley Field. Some units semi-upgraded on Kitchens and bathrooms but mostly original 1920's vintage look. Property is one parcel with 2 addresses, the other address is 3236-3242 30th st. (corner lot) Additional income of $230 per month from 3 garages

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    This 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 San Diego MLS. 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/106414908
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    2993-2995 Thorn St. San Diego, CA 92104

    • Price: $2,100,000
    • Status: CONTINGENT
    • Updated: 35 min ago
    • ID#: 200024916
    11
    Beds
    7
    Baths
    0
    ½ Baths
    0.29
    Acres
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    First time on market in 35 yrs.! Charming/Nostalgic 7 courtyard Spanish and craftsman style, detached houses + 6 garages and on a huge (12,600 SF) level lot! Check with city on current zoning, but potential for build-out or expansion. Rents are way under market on 4 of these units, all 7 with great paying tenants in place. On the North park/south park border close to all new restaurants, Pubs, Morley Field. Some units semi-upgraded on Kitchens and bathrooms but mostly original 1920's vintage look. Property is one parcel with 2 addresses, the other address is 3236-3242 30th st. (corner lot) Additional income of $230 per month from 3 garages
    Exterior Features

    Carports 0 Construction Other/RemarksStucco Exterior Cable AvailablePart Landscaped Lot Dimensions Approx 100X126 Parking Garages Parking Spaces Total 6 Roof CompositionOther/Remarks Units With Garages 4

    Interior Features

    Cooling None Floor Coverings VinylWall To Wall Carpet Floors Wood Heating Other/Remarks Sq Ft Of Improvement 5570 Stories 1 Story2 Story Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 7 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    Actual Cap Rate 4.4 Actual Gardener Expense 1070 Actual Gas And Electric 200 Actual Gross Operating Income 119310 Actual Gross Scheduled Income 123000.0 Actual Operating Expense 23370 Actual Prop Management 3900 Actual Taxes Expense 11105 Actual Trash Expense 1150 Actual Vacancy And Credit Loss 3690 Actual Water Sewer Expense 4150 Assumable Finance 0 Buildings 7 Complex Features None Existing Financing Conventional Financial Information Source Owner Fiscal Year From 19 Fiscal Year To 20 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 1400 Gross Multiplier 17 Have 7 Detached Units Mandatory Remarks First Right Of Refusal Market Area Metro Uptown Monthly Rent Total 10250 Motive Want Split Parnternship Downsize Other Income Amount 360 Other Income Source Garages Projected Cap Rate 5.0 Projected Fl Ins Expense 2650 Projected Gross Scheduled Inc 134500 Short Sale No Special Other/Remarks Sq Ft Source Tax Record Terms CashCash To Existing LoanExchange Down Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent Total1 1875 Unit Rent Total2 1720 Unit Rent Total3 1620 Unit Rent Total4 1075 Unit Rent Total5 1300 Unit Rent Total6 1275 Unit Rent Total7 1025 Unit Rent1 1875 Unit Rent2 1720 Unit Rent3 1620 Unit Rent4 1075 Unit Rent5 1300 Unit Rent6 1275 Unit Rent7 1025 Unit Type Other/Remarks

    Listing provided courtesy of Cabrillo Mortgage & Realty Ser. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This 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 San Diego MLS. 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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