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Property Description

$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan, seller financing, subject to, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently operating as a profitable short-term rental, making it a turn-key income-producing property. Ideal for investors or owner-occupiers looking to live in one unit while renting out the others. Property highlights include separate electric and gas meters, a shared water meter, and numerous recent improvements: new HVAC-ready electrical panels, resealed upper deck, fresh turf landscaping, refinished cabinets, new countertops, and durable vinyl flooring throughout. $180k+ in Seller Improvements. Don’t miss your chance to own in Mission Hills, a high-demand, low-inventory neighborhood! Contact Agent for copy of Appraisal, Offering Memorandum, Seller Improvements List. $2.4M Appraisal, Pro Forma, Offering Memorandum, Seller Improvement List, and ADU Feasibility Study all attached in documents section and available via Listing Agent contact.

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Real Broker
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SAND-698508
SAND-7899
Keegan
4512800700
Two
32

Multi-Family For Sale

806 W Brookes Ave, San Diego, California 92103

$2,300,000
Listing ID #240026126SD
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 240026126SD
Price : $2,300,000
Lot Size : 6,255 Sqft
Year Built : 1958
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92103
Subdivision : Mission Hills
ModificationTimestamp : 2024-11-06 16:15:04
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