Photo of Serena Banzon

Serena Banzon

DRE# 02043030

760.716.3836



$2,000,000

  • 2-4 UNITS
  • PENDING
  • MLS# 180060019

Description

Prime Investment Opportunity is thriving Mission Hills with Mills Act tax benefits to begin in 2019. Built in value add for new owner with ability to increase rents in 2019.Over $300,000 in restoration and renovations over the past 12 months completed by Jonathan Segal, renowned local architect. Current cap = 4.12% • With Mills Act Prop Tax Savings Cap = 4.42% • Rental Increase Cap = 4.78% • subject property is considered a 4 unit Multi-Family and an additional garage conversion studio rented at $1220

Property Details

Property type:
2-4 Units
Number of Buildings:
3
Number of Stories:
1

Location

Neighborhood:
Mission Hills
County:
San Diego

Additional Details

Number of Units:
5
Number of Stories:
1 Story
Lot Size:
1-3,999 SF
Lot Square Footage:
3,596
Assessors Parcel #:
443-663-09-00
Zoning:
RS 1-7
Units with Refrigerator:
5

Unit Details

Unit 1
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$2,850
Unit 2
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,695
Unit 3
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,870
Unit 4
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,820

Dimensions

Lot:
39 x 95

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Mission Hills

Mission Hills is an upscale, affluent neighborhood in San Diego, bordered by the San Diego River valley to the north, Downtown San Diego to the south, and overlooking Old Town, Downtown San Diego, and San Diego Bay. The neighborhood is mostly residential, with some boutiques and restaurants, though it is walking distance to all that Hillcrest has to offer. Mission Hills homes are known to be c... Read More

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Presented By
Serena
Banzon

DRE# 02043030

760.716.3836

Email Me
Presented By
Serena
Banzon

DRE# 02043030

760.716.3836

Email Me

Willis Allen Real EstateThis 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 Sandicor®. 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 © 2018 Sandicor®, Inc.