601-15 Stork St | 601 Stork St
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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 | Building Class | C |
Price Per Unit | £217,347 | Lot Size | 0.46 AC |
Sale Type | Investment | Building Size | 6,800 SF |
No. Units | 9 | Number of Floors | 1 |
Property Type | Residential | Year Built | 1965 |
Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
Apartment Style | Garden | Opportunity Zone |
Yes
|
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 | - |
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PROPERTY TAXES
Parcel Numbers | Total Assessment | £308,888 | |
Land Assessment | £133,564 | Annual Taxes | £24,452 (£3.60/sf) |
Improvements Assessment | £175,324 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£133,564
Improvements Assessment
£175,324
Total Assessment
£308,888
Annual Taxes
£24,452 (£3.60/sf)
Tax Year
2024
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601-15 Stork St | 601 Stork St
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