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6736-6740 Kelly St

7 Unit Block of Flats £2,125,764 (£303,681/Unit) San Diego, CA 92111

Investment Highlights

  • Great development opportunity - located in Tier 4 of Complete Communities
  • Plenty of parking spaces on onsite
  • Large flat lot spanning almost 10,000 sq ft
  • Property includes Guava, Avocado, Dragon Fruit, Apple, Lemon, Cherimoya trees

Executive Summary

This 7-unit property at 6736-38 Kelly St, San Diego, offers excellent investment potential with ADU possibilities, located in Tier 4 of Complete Communities. With prime access to local amenities and public transit, this property combines convenience and growth opportunities in one of San Diego's most sought-after development zones. Ideal for investors looking to maximize value in a rapidly evolving neighborhood.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £164,270 £39.25
Other Income - -
Vacancy Loss £4,928 £1.18
Effective Gross Income £159,342 £38.07
Taxes £25,777 £6.16
Operating Expenses £20,736 £4.95
Total Expenses £46,513 £11.11
Net Operating Income £112,829 £26.96

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £164,270
Annual Per SF £39.25
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £4,928
Annual Per SF £1.18
Effective Gross Income
Annual £159,342
Annual Per SF £38.07
Taxes
Annual £25,777
Annual Per SF £6.16
Operating Expenses
Annual £20,736
Annual Per SF £4.95
Total Expenses
Annual £46,513
Annual Per SF £11.11
Net Operating Income
Annual £112,829
Annual Per SF £26.96

Property Facts

Price £2,125,764
Price Per Unit £303,681
Sale Type Investment
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 4,185 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1970
Parking Ratio 3.35/1,000 SF

Unit Amenities

  • Balcony
  • Microwave
  • Heating
  • Security System
  • Kitchen
  • Wooden Floors
  • Refrigerator
  • Oven
  • Views
  • Yard
  • Deck
  • Garden

Site Amenities

  • 24 Hour Access
  • Security System
  • Rubbish Collection - Kerbside
  • Public Transportation
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 £1,791 -
1+1 2 £1,693 -
Studios 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
431-410-01
Land Assessment
£628,421
Improvements Assessment
£601,489
Total Assessment
£1,229,910
Annual Taxes
£25,777 (£6.16/sf)
Tax Year
2024

zoning

Zoning Code R2, San Diego
R2, San Diego
  • Listing ID: 33254696

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 6736-6740 Kelly St, San Diego, CA 92111

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