3295 Imperial Avenue, Golden Hill, CA 92102

$6,700,000
List Price
$6,700,000
Status
ACTIVE
MLS#
220009464SD
Days on Market
75
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

We are proud to present the Imperial Villas (the “Property”), an attractive, fully-rehabbed, turn-key rental community that presents real estate investors the opportunity to acquire a pride-of-ownership opportunity in San Diego’s central district of Logan Heights. The property is being offered free and clear of debt encumbrances. Imperial Villas consists of 20 apartment homes totaling 18,056 rentable square feet that are situated on a large 23,474 square foot lot, spread out into 2 separate residential buildings of two stories each. The Property’s well-designed floor plans include twelve (12) two-bedroom, one-bath units that are approximately 838 square feet each and eight (8) three-bedroom, two-bath units that are approximately 1,000 square feet each. The Property provides tenants with an array of amenities including -controlled access entry, modern laundry facilities, multiple open picnic areas, and secured covered off-street parking. Imperial Villas, were originally constructed in 1982 and are nestled in a beautiful, lushly landscaped garden setting. The property has undergone a major exterior and interior rehab, which was completed in 2013. Interior renovations include, but are not limited to: carpet and vinyl flooring, window coverings, doors, complete kitchen and bathroom upgrades including granite countertops, toilets, bathtubs with custom tile work, all new appliances, new custom cabinets, ceiling fans, lighting, paint, and baseboards.

Additional Information

Attached Structure
Detached
Number Of Units Total
20
Gross Scheduled Income
$445,320
Operating Expense
172525

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Bill Anderson from Listing Office: Acre Investment Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.