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Listing 18 out of 500
$3,100,000 Pending

6755 Mission Gorge Road
San Diego, CA 92120

10 units | Multi Family 5+ - MLS# 190002276
Property Photo
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Description

The Mission Gorge Apartments consist of 10 units and 9 garages totaling 8,500 square feet of structure built in 1987 situated on a 9,204 square foot lot. The unit mix consists of one 3 Bed / 1.5 Bath, one 2 Bed / 1.5 Bath, seven 2 Bed / 1 Bath and one 1 Bed / 1 Bath unit. The units feature fireplaces, air conditioning, microwaves, and dishwashers. There is common, owned laundry, a picnic/BBQ area and additional parking. The exterior of the property has been painted, fitted with new windows, as well as re-landscaped with low maintenance landscaping. The units all have low flow toilets, new tubs and showerheads. The kitchens have new wood cabinets and quartz counter-tops as well as new appliances. All of the units have new vinyl plank flooring in the common areas as well as ceiling fans, mirrored closet doors and new window coverings. There is assumable financing at 3.43%.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Pending
  • County/Area: San Diego County
  • Zip Code: 92120
  • Age: 1987
  • Units: 10 units
  • # Units w/Dishwashers: 10
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1.5
  • # of Baths (4): 1.5
  • # of Bedrooms (1): 1
  • # of Bedrooms (2): 2
  • # of Bedrooms (3): 2
  • # of Bedrooms (4): 3
  • # of Buildings: 1
  • # of Leased Apartments: 10
  • # of Stories: 3
  • # of Units (1): 1
  • # of Units (2): 7
  • # of Units (3): 1
  • # of Units (4): 1
  • # of Units w/Garage: 9
  • # of Units w/Ranges: 10
  • # of Units w/Refrigerator: 10
  • Actual Gross Oper Income: 205970
  • Actual Gross Schd Income: 212340
  • Actual Operating Expense: 70021
  • Cap Rate Actual: 4.4
  • Cap Rate Projected: 4.7
  • Gross Equity: 1192000
  • Listing Area: DEL CERRO (92120)
  • Lot SqFt: 9204
  • Monthly Rent Total: 17695
  • Price/SF of Improvments: 364.71
  • Proj Gross Multiplier: 14
  • Proj Gross Operating Inc: 215247
  • Proj Operating Expense: 70021
  • Proj Vacancy & Credit Los: 6657
  • Proj. Gross Sched. Income: 221904
  • Projected Net Income: 145226
  • SqFt of Improvement: 8500
  • Unit Rent (1): 1525
  • Unit Rent (2): 1725
  • Unit Rent (3): 1725
  • Unit Rent (4): 1995
  • Unit Rent Total (1): 1525
  • Unit Rent Total (2): 12075
  • Unit Rent Total (3): 1725
  • Unit Rent Total (4): 1995
Courtesy of South Coast Commercial, Inc.

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Travis Winfield
Travis Winfield
Big Block Realty
San Diego, CA 92108

619-888-2954
Contact Us

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Travis Winfield | CA DRE# 01895786 | 619-888-2954 | Contact Us
BBR Temecula office -  27450 Ynez Rd #316, Temecula, CA 92591-4638 
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