Address
865 21St St San Diego, CA
Price
$ 2,975,000
Property Attributes
  • MLS#210006657
  • TypeIncome
  • CountySAN DIEGO
  • CitySan Diego
  • AreaMetro Central
  • NeighborhoodMetro Central
  • Zip92102
  • Style
  • Price$ 2,975,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage5208
  • Lot Size5,020 SqFt
Listing Provided Courtesy Of:
South Coast Commercial, Inc.
Data Source:
San Diego MLS
Property Description

CURRENT 6 CAP! pleased to present 865 21st St for sale - a turn key, minimal-landlord-responsibility - property perched on Golden Hill overlooking downtown San Diego. Beautifully remodeled 8 Unit property overlooking Downtown and the Coronado bridge and just 7 minutes by car to the San Diego International Airport. new roof, modern kitchens/cabinets, refinished hardwood floors, upgraded elec and pluming, etc.. Property is currently master-leased to a single tenant that operates the building as a short-term rental. Tenant/operator controls over 100 units between San Diego, Los Angeles, and Miami. Current lease is for a total of $18,428/ month or $2,266 per unit plus $300 for storage and extends through 11/30/23 with 3% yearly increases. Tenant pays all utilities and management fees. Landlord is responsible for landscaping, building maintenance, taxes and insurance. Add value by converting the existing storage space into Additional Dwelling Units. Appraised for $3M in 2020

Price History
3/15/2021 Listed $2,975,000

General Features

# Of Units (1) 8
Amenities None
Construction Frame, Stucco
Cooling Wall/Window
Heating Radiant
Laundry Y/N Owned
Parking Spaces
Roof Rock/Gravel, Tar & Gravel
Sale/rent For Sale
Special None
Stories 2 Story
Tenant Pays Electric y
Tenant Pays Gas y
Tenant Pays Water y
Terms Assumable 1st
Total Units 8
Unit Type Apartment
Zoning R-4:MULTIP

Interior Features

# Of Units W/disposals 8
# Of Units W/drapes 8
# Of Units W/ranges 8
# Of Units W/refrigerator 8
Baths in Unit 1 1.0
Bedrooms in Unit 1 1
Floor Covering Hardwood, Vinyl
Floors Wood
Unit Furnished (1) T

Exterior Features

Exterior Metal Fence, Shutters, Wood Fence
Lot Size Area .25 Acres or less
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92102

Price
AVG $2.21M
$2.98M
Visits
AVG 61
203

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