6736-6740 Kelly St
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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 | Building Class | C |
Price Per Unit | £303,681 | Lot Size | 0.24 AC |
Sale Type | Investment | Building Size | 4,185 SF |
No. Units | 7 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built | 1970 |
Apartment Style | Low Rise | Parking Ratio | 3.35/1,000 SF |
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 | - | - |
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PROPERTY TAXES
Parcel Number | 431-410-01 | Total Assessment | £1,229,910 |
Land Assessment | £628,421 | Annual Taxes | £25,777 (£6.16/sf) |
Improvements Assessment | £601,489 | Tax Year | 2024 |
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 |
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6736-6740 Kelly St
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