7 Unit Opportunity in Golden Hill

7 Units on A & 25th

Spanish Style.

Address  2511 A Street &  1239-49 25th Street

San Diego, CA  92102

 List Price is $2,200,000

Off Market Opportunity

4 one bedroom  one bath units (in the two duplexes, front buildings facing 25th Street)

3 Large One Bedroom One Bath (800-900 sqft town-homes)

2 parking spaces in the courtyard.

2 of the town-homes are larger, have larger bedrooms and larger walk-in closets.

5 of the 7  units have been updated. See below for interior pictures.

Currently, manager has one of the nicer town-homes, the 2 parking spaces in the courtyard- She is paying$ 1,300 and is getting paid 3.5 percent of the gross income.

On-site Laundry (Owned)

There are 2 versions of the investment summary below.

1st Version Investment Summary Click Here - 

7  percent increase in rents & Managers unit turned over and brought to  market

2nd Version Investment Summary Click Here- 

All units turned over with aggressive rents. (Assumed Managers unit turned over in summary)

Note: The 2nd  version is based on rents that were achieved on 21st street. Link to package- (500 sqft one bedroom one bath units with out parking  1795 for highly renovated one bedrooms without parking.) Side note here is a link to the property on 21st when it sold prior to it being flipped.

2523-31 C Street- Has 2 large one-bedrooms renting for $ 1825