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3845-51/3853-57 41st St

10 Unit Block of Flats £1,377,810 (£137,781/Unit) 5.73% Net Initial Yield San Diego, CA 92105

Investment Highlights

  • Market 9.21% Cap Rate

Executive Summary

3845-57 41st Street is a 10-unit apartment community consisting of multiple structures totaling 5,057 square feet built in 1925 on two parcels totaling 13,846 square feet of land. The diverse unit mix consists of one 3 Bedroom / 1 Bathroom, two 2 Bedroom / 1 Bathroom, six 1 Bedroom / 1 Bathroom and one Studio unit as well as four single car garages and surface parking in the rear. DO NOT DISTURB TENANTS OR WALK ON PROPERTY.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,377,810
Price Per Unit £137,781
Sale Type Investment
Net Initial Yield 5.73%
Gross Rent Multiplier 10.1
No. Units 10
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.32 AC
Building Size 5,057 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1925
Parking Ratio 1.98/1,000 SF

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 1 £1,399 -
2+1 2 £1,291 -
1+1 6 £1,092 -
Studios 1 £818.81 -
Walk Score ®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 454-773-05
  • 454-773-06
Land Assessment
£392,097 (2024)
Improvements Assessment
£420,106 (2024)
Total Assessment
£812,203 (2024)

zoning

Zoning Code R4
R4
  • Listing ID: 32598213

  • Date on Market: 26/07/2024

  • Last Updated:

  • Address: 3845-51/3853-57 41st St, San Diego, CA 92105

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