4401 College Ave, San Diego, CA 92115
-
Listed Price :
$1,595,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1954
Property Description
For Sale: Fully renovated 4-unit apartment property. All units are comfortable 2 bed, 1 bath floor plans, featuring updated kitchens & baths, in-unit laundry, dishwashers, large common area/courtyard space, private storage closets and parking for 2 cars per unit. The property is located in close proximity to San Diego State University and approximately 1 mile to College Square. Total in place rents are $8,745 per month, average rent per unit of $2,186 per month. Proven market rents of $2,470 would allow for ~$300 in additional rental income for 3 units below market, with potential for additional utility reimbursement income. Unit 4405 is now vacant and being renovated by the Owner. This unit will be delivered 'turn-key' with projected rent of $2,500. Property is currently operated as traditional rental. However, student housing and short-term rental would be additional operating options. In-unit amenities include stacked washer/dryer, ceiling fans in each bedroom, stainless steel appliances, luxury vinyl plank flooring, wall AC & wall heater, private back patio for lower-level units, reserved tandem parking, and private storage. Community features include gated entrance, garden area, close proximity to SDSU, grocery store, and college area amenities. Property is professionally managed. Please contact Agent for further information and financials. Drive-by only, do not disturb tenants.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
4401 College Ave |
| City |
San Diego |
| State |
CA |
| Zip |
92115 |
| County |
San Diego |
| Listing Agent |
Kyle Carruthers DRE #01959946 |
| Courtesy Of |
Kyle Carruthers, Broker |
| List Price |
$1,595,000 |
| Status |
Pending |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1954 |
Listing information courtesy of: Kyle Carruthers, Kyle Carruthers, Broker. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 9:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
