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Property Description

Senior complex for 62+ and disabled residents. The existing conditional use permit will convey with the sale. There are no additional restrictions on rental income, other than standard CA rent control law. There is the possibility of adding 3 ADUs. There is a 320 SF recreation room. Large communal grassy yard with picnic tables. There have been two new construction developments in the last five years within three blocks of subject property; one on Fulton and one on Ulric. USD has made many improvements to their campus in the last decade, which has had a cascade affect improving the zip code. Walking distance to public transportation, a supermarket, other shopping, dining and services. Two 1/1 apartments are being used by the resident manager as a 2/2. Seller assumes that a door could be reinstalled to restore the two 1/1 units. In effect the resident manager receives a 2/2 for less than $600 a month. In effect that is about $20k compensation.

Additional Information
Apartment Consultants Incorporated
0
SAND-601279
SAND-61276
Terry
4312401000

Commercial Sale For Sale

2481 Ulric St, San Diego, California 92111

$7,430,000
Listing ID #240012520SD
Basic Details
Status : Active
DaysOnMarket : 9
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240012520SD
Price : $7,430,000
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92111
ModificationTimestamp : 2024-06-11 16:24:38
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