215 Willie James Jones Ave
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215 Willie James Jones Ave
4 Unit Block of Flats £1,777,522 (£444,381/Unit) 5% Net Initial Yield San Diego, CA 92102
Investment Highlights
- Buildable lot: possibility to add 18 units now! Plans have been pre-approved by the city!
- 3 4-bedroom units and one 2 bedroom: rare multi-unit mix. Units have been remodeled completely in 2021
- 100% occupancy, really good cash flow with possibility to increase rents!
Executive Summary
Unique Investment Opportunity! 3 4-bedroom brand new units built in 2021 with new plumbing, electrical, roofing, etc and a 2-bedroom existing unit completely remodeled fully rented with a great cap rate and the potential to increase all rents. This is an investor's dream: seller had submitted plans for 18 additional units on this lot. Plans are already in review. Buyer can cash flow while building the additional units! Schematic plans attached here. Full plans available upon request.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,777,522 | Apartment Style | Townhome |
| Price Per Unit | £444,381 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Net Initial Yield | 5% | Building Size | 5,500 SF |
| Gross Rent Multiplier | 20 | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1960 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £1,777,522 |
| Price Per Unit | £444,381 |
| Sale Type | Investment |
| Net Initial Yield | 5% |
| Gross Rent Multiplier | 20 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
Unit Amenities
- Garden
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 4+2 | 3 | £2,449 | 4,500 |
| 2+1 | 1 | £1,754 | 1,000 |
1 of 1
zoning
| Zoning Code | R-3 (Multi Family Dwellings Generic Any Combination 2+) |
| R-3 (Multi Family Dwellings Generic Any Combination 2+) |
-
Amar Harrag - Allied Green Realty Inc
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215 Willie James Jones Ave
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