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
October 2, 2024
Updated
Map
3042-3044 C Street
San Diego CA, 92102
Interior Features
Bedrooms
9
Total Bathrooms
6
Full Bathrooms
6
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
Listed by Joseph M. Galascione, Broker, Joseph M Galascione,
Listing Contact: 619-518-9426
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Data last updated 2:44 AM UTC, 10/2/2024