This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

601-15 Stork St 601 Stork St

9 Unit Block of Flats £1,956,125 (£217,347/Unit) San Diego, CA 92114

Investment Highlights

  • Great parking with 10 surface parking spots onsite
  • Value-add opportunity to renovate existing units and raise to market level rents
  • Well-maintained cottage style units - mostly 3-bedrooms

Executive Summary

601-7 Stork St and 601-15 Stork are being offered as a package. The property consists of 8 3bd/1ba Cottage Style units and a 1bd/1ba Cottage. The property has two separate APNs. Total lot size between both parcels is 20,112 sq ft and offers 10 parking spaces for tenant use. The property has been well kept over the years and an opportunity exists to renovate the existing units and increase rents to market rate. Year built of property unknown.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £224,407 £33.00
Other Income - -
Vacancy Loss £11,220 £1.65
Effective Gross Income £213,186 £31.35
Taxes £24,452 £3.60
Operating Expenses £40,093 £5.90
Total Expenses £64,544 £9.49
Net Operating Income £148,642 £21.86

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £224,407
Annual Per SF £33.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £11,220
Annual Per SF £1.65
Effective Gross Income
Annual £213,186
Annual Per SF £31.35
Taxes
Annual £24,452
Annual Per SF £3.60
Operating Expenses
Annual £40,093
Annual Per SF £5.90
Total Expenses
Annual £64,544
Annual Per SF £9.49
Net Operating Income
Annual £148,642
Annual Per SF £21.86

Property Facts

Price £1,956,125
Price Per Unit £217,347
Sale Type Investment
No. Units 9
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.46 AC
Building Size 6,800 SF
Number of Floors 1
Year Built 1965
Parking Ratio 1.47/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Individual Locking Bedrooms
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 8 £1,184 -
1+1 1 £712.03 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 549-073-06
  • 549-073-07
Land Assessment
£133,564
Improvements Assessment
£175,324
Total Assessment
£308,888
Annual Taxes
£24,452 (£3.60/sf)
Tax Year
2024
  • Listing ID: 33210967

  • Date on Market: 17/09/2024

  • Last Updated:

  • Address: 601 Stork St, San Diego, CA 92114

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}