Sold

3042-3044 C Street

San Diego CA, 92102

$2,190,000


$540.74 per sqft

Sold

9 Beds

6 Baths

4,050 sqft

Multi-family

Built in 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.

220030172

MLS ID

December 29, 2022

Listed

February 15, 2024

Updated

Map

3042-3044 C Street
San Diego CA, 92102

Interior Features

Bedrooms

9 Beds


Bathrooms

6 Baths


Appliances

Electric Water Heater, Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups


Fireplace

No


Cooling

Yes


Cooling Description

Zoned


Heating

Yes


Heating Description

Electric, Zoned

Exterior/Building Features

Lot Size

0.12 Acres


Lot Features

Sidewalks


Roof

Composition

School Information

School District

San Diego Unified School District

Other Property Details

Area Name

Metro Central


Days on Market

26


Garage

No


Parking

Non-Garage(Assigned, None Known)


View

Yes


View Description

City, Evening Lights, Mountains/Hills


County

San Diego


Water Source

Meter on Property


Pool

No


Zoning

RM-2-5


Buyer Agency Compensation

3%

Listed by Joseph M. Galascione, Broker, Joseph M Galascione,
Listing Contact: 619-518-9426 

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