3042-3044 C Street

San Diego, CA, 92102

$2,300,000

$567 per ft²
$2,300,000
$567 per ft²
Pending
Pending
 - For Sale
beds
9 Beds
baths
6 Baths
carpenters-square
4,050 ft²
property_type
Multi-family
calendar
Built 2022
Brand new, Turn Key, 3 Unit, Class A Apartment Building in HUD QUALIFIED OPPORTUNITY ZONE which is a huge tax benefit. This Property is located in the very popular South Park/Golden Hill area. New Units are also Exempt from CA Rent Control (Ask attorney)! Property's Current Annual Gross Rents are $147,000 ($12,250 Mthly) and Net Operating Income is $116,900 annual ($9,750 Mthly). Actual GRM is 15.64 and actual 5.1% Cap. The Operating Expenses are very low as the tenants pay ALL utilities & the new property has little maintenance requirements. Each unit is individually metered for water (sub metered), gas (front house only) & electric. Property has solar which is owned. There is off street parking for tenants a 1 to 1 ratio. Close to transit lines & 4 major freeways. Views of Coronado Bridge, Downtown & Ocean from units. Front house recently remodeled, designer inspired finish and completely upgraded. It is a single story craftsman with built-in cabinets, original hardwood floors, a amazing large front porch, & exclusive use front, back and side yards. Back units are Townhouses, built in 2022 with upgraded finishes, expansive 1,500 sq. ft floorpan (unique and very desirable for South Park), impressive views from private patios and master bedrooms, new stainless appliances, quartz counter tops, 2 full baths, and high end vinyl plank flooring. Washer & Dryer in all units. Very walkable area close to restaurants, bars, golf course, Balboa Park, Coronado, beaches, dog park, & shops. 5 Min to downtown & North Park.
MLS® ID:
220030172
Listed:
12/28/22
Updated:
1/31/23

Interior Features

Kitchen Appliances
Electric Water Heater, Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
Total Bedrooms
9
Full Bathrooms
6
Laundry Description
Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups
Cooling
Zoned
Heating
Electric, Zoned

Exterior/Building Features

Lot Size
5,227 ft² lot
Exterior Features
Patio
Lot Details
Sidewalks
Roof
Composition

School Information

High School
San Diego Unified School District
Elementary School
San Diego Unified School District

Other Property Details

Area Name
Metro Central
Garage
Yes
Parking
Non-Garage(Assigned, None Known)
View
Y
County
San Diego
Utilities
Sewer Connected
Water Source
Meter on Property
Pool
No
Zoning
RM-2-5
Buyer Agency Compensation
3.0

Property History

Date
Event
Price
Value
1/25/23
Pending
-
-
1/6/23
Price Change
$2,300,000
-19%

Courtesy of Joseph M. Galascione, Broker, Joseph Galascione,
Listing Contact: 619-518-9426 

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Data last updated 12:52 AM UTC, 1/31/23

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