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Sold for $1,550,000 Sold

415-421 20th St
San Diego, CA 92101

4 units | Multi Family 2-4
4792 sq ft lot - MLS# 190018758
Property Photo

Sold

Sold for $1,550,000 on Apr 19, 2019

Description

New construction 4-plex delivered October 2016. 4 contemporary, identical floorplans with designer finishes. 100% new in every way, shape and form. Fantastic skyline views from Western facing units. Eastern facing units have massive decks. 3 units are currently being vacation rented 365 days a year. ZERO VACANCY. One unit is the primary residence of the current owner. Each unit grosses $50K per year and all backup paperwork proving the same is available for review. $200K a year in revenue., Daikin HVAC mini splits, SS appliances, ice makers, disposers, custom waterfall quarts countertops, plank tiling, frameless showers, W/D in each unit, tankless water heaters, new elec, new plumbing, new roof, wood Cobb windows and doors, double vanities, rear storage structure permitted and permanent, drip irrigation system, drought tolerant landscaping, permanent solar pathway lighting, dusk/dawn sensor perimeter lighting, 24/7 HD security system, keyless locks, custom iron gate with code, integrated A/V systems in all units. EVERYTHING. Units come 100% furnished and ready to continue vacation renting – or rent as furnished medium term/long term rentals. Owner will consider continuing to manage the vacation rentals for a fee. SERIOUS INVESTORS/PURCHASERS ONLY PLEASE. Building grounds and unit #421 can be viewed at any time. Remaining 3 units can only be viewed on changeover days between the hours of 10AM and 2PM. Pictures speak for themselves. There is nothing anyone would want to change. Airbnb listings for all 4 properties here: https://www.airbnb.com/users/70265465/listings

Features

  • # of Buildings: 1
  • # of Furnished Units: 4
  • # of Units w/Dryers: 4
  • # of Units w/Patios: 4
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # of Units w/Washers: 4
  • # Units w/Cooling: 4
  • # Units w/Dishwashers: 4
  • Annual Expense Actual: 25000
  • Annual Expense Projected: 25000
  • Community: San Diego
  • Complex/Park: Sherman Heights
  • Cooling: Central Forced Air, Zoned Area(s)
  • County/Area: San Diego County
  • Fencing: Full
  • Gross Sched Income Actual: 200000
  • Gross Sched Income Proj.: 200000
  • Heat Equipment: Forced Air Unit
  • Heat Source: Natural Gas
  • Irrigation: Automatic, Drip
  • Listing Area: SAN DIEGO DOWNTOWN (92101)
  • Listing Status: Sold
  • Lot Description: Public Street
  • Lot Size: 0.1100
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 4804
  • Net Oper.Income Projected: 175000
  • Property Type: Multi Family 2-4
  • Roof: Composition
  • Security: Closed Circuit TV
  • Sewer/Septic: Sewer Connected
  • Siding: Stucco
  • Sold Date: 2019-04-19
  • Sold Price: 1550000
  • Sub Type: Multi Family 2-4
  • Subdivision: Sherman Heights
  • Subdivision/Neighborhood: Sherman Heights
  • Terms: Cash, Conventional
  • Topography: Level
  • Unit # for Unit 1: 415
  • Unit # for Unit 2: 417
  • Unit # for Unit 3: 419
  • Unit # for Unit 4: 421
  • Unit 1 # Bedrooms: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 # Total Baths: 1
  • Unit 1 Estimated SqFt: 552
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Projected Rent: 4500
  • Unit 1 Rent Actual: 4355
  • Unit 2 # Bedrooms: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 Estimated SqFt: 552
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Projected Rent: 4500
  • Unit 2 Rent Actual: 4412
  • Unit 3 # Bedrooms: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 # Total Baths: 1
  • Unit 3 Estimated SqFt: 552
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Projected Rent: 4500
  • Unit 3 Rent Actual: 4022
  • Unit 4 # Bedrooms: 1
  • Unit 4 # of Full Baths: 1
  • Unit 4 # Total Baths: 1
  • Unit 4 Estimated SqFt: 552
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Projected Rent: 4500
  • Unit 4 Rent Actual: 4000
  • Units: 4
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Year Built: 2016
  • Zip Code: 92101
  • Zoning: R-4:MULTIP
  • View: City, Evening Lights

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