6736-6740 Kelly St
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6736-6740 Kelly St
7 Unit Block of Flats £2,118,312 (£302,616/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 |
£163,345
|
£39.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£4,900
|
£1.17
|
| Effective Gross Income |
£158,445
|
£37.86
|
| Taxes |
£25,632
|
£6.12
|
| Operating Expenses |
£20,620
|
£4.93
|
| Total Expenses |
£46,251
|
£11.05
|
| Net Operating Income |
£112,194
|
£26.81
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £163,345 |
| Annual Per SF | £39.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £4,900 |
| Annual Per SF | £1.17 |
| Effective Gross Income | |
|---|---|
| Annual | £158,445 |
| Annual Per SF | £37.86 |
| Taxes | |
|---|---|
| Annual | £25,632 |
| Annual Per SF | £6.12 |
| Operating Expenses | |
|---|---|
| Annual | £20,620 |
| Annual Per SF | £4.93 |
| Total Expenses | |
|---|---|
| Annual | £46,251 |
| Annual Per SF | £11.05 |
| Net Operating Income | |
|---|---|
| Annual | £112,194 |
| Annual Per SF | £26.81 |
Property Facts
| Price | £2,118,312 | Building Class | C |
| Price Per Unit | £302,616 | 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 | £2,118,312 |
| Price Per Unit | £302,616 |
| 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 | £1,785 | - |
| 1+1 | 2 | £1,687 | - |
| Studios | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 431-410-01 | Total Assessment | £1,221,710 |
| Land Assessment | £624,232 | Annual Taxes | £25,632 (£6.12/sf) |
| Improvements Assessment | £597,479 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
431-410-01
Land Assessment
£624,232
Improvements Assessment
£597,479
Total Assessment
£1,221,710
Annual Taxes
£25,632 (£6.12/sf)
Tax Year
2024
zoning
| Zoning Code | R2, San Diego |
| R2, San Diego |
-
Jason Lee -
Sean Toohey -
JLM Real Estate Inc.
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6736-6740 Kelly St
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