8-Units | 5.49% In-Place Cap Rate | 3622 43rd St
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8-Units | 5.49% In-Place Cap Rate 3622 43rd St
8 Unit Block of Flats £1,814,700 (£226,837/Unit) 5.49% Net Initial Yield San Diego, CA 92105
Investment Highlights
- Excellent Unit Mix (5) 2Bdrm/2Bath & (3) 1Bdrm/1Bath
- (6) Single-Car Garages, (9) Surface Parking Spots
- Strong In-Place Cap Rate (With Rental Upside)
- In-Unit Laundry in 5 of 8 Units
- Well-Maintained Asset
- Located Neary Shops, Restaurants and Transit
Executive Summary
This is a well-maintained 8-Unit multifamily property with strong in-place rents. This property has a fantastic unit mix with five (5) 2Bdrm/2Bath with in-unit laundry and three (3) 1Bdrm/1Bath. There are six (6) single-car garages and nine (9) surface parking spaces. Located near transit as well as the Fairmount/City Heights Shopping Center and City Heights Recreation Center.
- Excellent Unit Mix (5) 2Bdrm/2Bath & (3) 1Bdrm/1Bath
- In-Unit Laundry in 5 of 8 Units
- (6) Single-Car Garages, (9) Surface Parking Spots
- Well-Maintained Asset
- Strong In-Place Cap Rate (With Rental Upside)
- Located Near Shops, Restaurants and Transit
- Excellent Unit Mix (5) 2Bdrm/2Bath & (3) 1Bdrm/1Bath
- In-Unit Laundry in 5 of 8 Units
- (6) Single-Car Garages, (9) Surface Parking Spots
- Well-Maintained Asset
- Strong In-Place Cap Rate (With Rental Upside)
- Located Near Shops, Restaurants and Transit
Property Facts
| Price | £1,814,700 | Apartment Style | Low Rise |
| Price Per Unit | £226,837 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 5.49% | Building Size | 5,437 SF |
| Gross Rent Multiplier | 11.36 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 2.76/1,000 SF |
| Price | £1,814,700 |
| Price Per Unit | £226,837 |
| Sale Type | Investment |
| Net Initial Yield | 5.49% |
| Gross Rent Multiplier | 11.36 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,437 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1982 |
| Parking Ratio | 2.76/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | £1,300 | 600 |
| 2+2 | 5 | £1,890 | 850 |
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 471-731-38 | Improvements Assessment | £500,472 |
| Land Assessment | £604,019 | Total Assessment | £1,104,491 |
PROPERTY TAXES
Parcel Number
471-731-38
Land Assessment
£604,019
Improvements Assessment
£500,472
Total Assessment
£1,104,491
zoning
| Zoning Code | 4 |
| 4 |
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James V. Carter -
Apartment Realty Group
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8-Units | 5.49% In-Place Cap Rate | 3622 43rd St
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