6742-48 Waterman, San Diego, CA 92111
6742-48 Waterman, San Diego, CA 92111
6742-48 Waterman, San Diego, CA 92111
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Frank Andino

Frank Andino

+1(619) 635-7261
$2,100,000
Est. payment /mo
9 Beds
8 Baths
5,300 Sqft Lot
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2608226

Bedrooms 9

Lot Size 5,300 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.

Location

State CA

County San Diego

Direction From SR-163, take the Genesee Avenue exit and head west. Turn left onto Linda Vista Road, then right onto Ulric Street.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4317102400

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

Read Less Info
MLS Router / San Diego MLS
Listed by Christian Ballow, DRE#02046669 Gene Bowman Realty 

Nearby School & Business

Get More Information

Frank Andino

Frank Andino

+1(619) 635-7261

Realtor CA BRE #01816364

Realtor CA BRE #01816364

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Frank Andino, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

San Diego Communities