4240 Gamma St
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4240 Gamma St
3 Unit Block of Flats £903,268 (£301,089/Unit) 5.45% Net Initial Yield San Diego, CA 92113
Executive Summary
Great Investment Property! Renovations completed and rents have room to be increased. Potential to increase the Cap Rate to 6.00%.
***** Plans and Permits APPROVED to add a second bedroom to the front house. Will will be included with the sale *****
***** Plans and Permits APPROVED to add a second bedroom to the front house. Will will be included with the sale *****
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£73,904
|
£47.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£73,904
|
£47.62
|
| Taxes |
£9,854
|
£6.35
|
| Operating Expenses |
£4,763
|
£3.07
|
| Total Expenses |
£14,617
|
£9.42
|
| Net Operating Income |
£59,287
|
£38.20
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £73,904 |
| Annual Per SF | £47.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £73,904 |
| Annual Per SF | £47.62 |
| Taxes | |
|---|---|
| Annual | £9,854 |
| Annual Per SF | £6.35 |
| Operating Expenses | |
|---|---|
| Annual | £4,763 |
| Annual Per SF | £3.07 |
| Total Expenses | |
|---|---|
| Annual | £14,617 |
| Annual Per SF | £9.42 |
| Net Operating Income | |
|---|---|
| Annual | £59,287 |
| Annual Per SF | £38.20 |
Property Facts
| Price | £903,268 | Lot Size | 0.16 AC |
| Price Per Unit | £301,089 | Building Size | 1,552 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Net Initial Yield | 5.45% | Number of Floors | 1 |
| No. Units | 3 | Year Built | 1952 |
| Property Type | Residential | Parking Ratio | 5.15/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £903,268 |
| Price Per Unit | £301,089 |
| Sale Type | Investment |
| Net Initial Yield | 5.45% |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.16 AC |
| Building Size | 1,552 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1952 |
| Parking Ratio | 5.15/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 551-330-45 | Total Assessment | £686,812 |
| Land Assessment | £376,909 | Annual Taxes | £9,854 (£6.35/sf) |
| Improvements Assessment | £309,903 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
551-330-45
Land Assessment
£376,909
Improvements Assessment
£309,903
Total Assessment
£686,812
Annual Taxes
£9,854 (£6.35/sf)
Tax Year
2024
zoning
| Zoning Code | CN-1-3 |
| CN-1-3 |
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4240 Gamma St
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