4.625% ASSUMABLE VA LOAN & Low Gap on this 4-UNIT MULTIFAMILY offering highly desirable location. Low maintenance building with low operating expenses. Desirable unit mix includes 2 units @ 3BR/1BA & 2 units @ 1BR/1BA. Multiple opportunities to increase rents with minor value-add improvements AND potential to add 4 additional… Read More ADU units (Ask to see the ADU feasibility study). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to tons of shopping, multiple light rail stations (green & orange lines), bus stops, & I-8 freeway. Close to San Diego State, Grossmont College, & Grossmont Hospital. Minutes from popular Cowles Mountain & Lake Murray. Less than 15 miles to the beach! Downtown San Diego is only 10 miles & University City’s “Golden Triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail or multiple freeways. Loan assumptions are easier than ever before and closing in near record times! BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Effectively go back in time by assuming the current loan at the historically low interest rate and the low gap means you can buy for LESS CLOSING COSTS out of pocket compared to a new loan! Profit from substantially expedited principal pay down & lower interest expenses. Read Less
Property listed by LPT Realty, Inc., Frank Karako 877-366-2213
Listing Snapshot
Days Online
100
Last Updated
Property Type
Other
Lot Size
0.17 Acres
Year Built
2000
MLS Number
PTP2502568
30 Days Snapshot Of 91942
$761k
-3%
(avg) sold price
19
-26%
homes sold
48
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2000, Building area total: 2,844, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Suburban
Expenses
Operating expense: $26,400
Income
Gross income: $111,024, Net operating income: $84,624
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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