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Property for sale: 3747-53 Udall Street in San Diego

3747-53 Udall Street San Diego

Main Photo: Property for sale: 3747-53 Udall Street in San Diego
$4,825,000 /482500.0
Prop. Type:
Com-Res Income
MLS® Num:
240009951
Status:
Active
Year Built:
1951
PROBATE SALE | VALUE-ADD MULTI-FAMILY OPPORTUNITY IN PRIME COASTAL POINT LOMA: 3747-53 Udall Street is a highly unique, Loch Crane (architect) designed, value-add / redevelopment multi-family opportunity located in the coveted coastal A+ enclave of Point Loma (city of San Diego). The property boasts 10 units (1 – nonconforming) on 3 separate and adjoining parcels with a total parcel size of approx. 13,290 SF. Located in the Complete Communities overlay with RM-3-7 zoning, the property has several opportunities to add ADU’s to both existing built out space (multiple garages and non-conforming space) and brand new construction in the excess land portion of the site. The property is strategically located within 300 feet of the local Point Loma / Hervey Branch Library and community park. It is also boasts a WalkScore of 88 and is within close proximity to top rated schools (elementary through University), upscale shopping, restaurants, tap houses, parks and more. Also within walking distance is Liberty Station, a 361 acre mixed use development featuring a wide array of vibrant restaurants, shopping, movie theaters, wedding venues, office buildings, hotels and residential homes.
Price Per Unit:
482500.0
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
3
Number of Units:
10
Num Stories:
2
Year Built:
1951
Cap Rate.:
0.72
Gross Multiplier:
37.21
Gross scheduled income:
129660.0
Operating expense:
94753
Projected Cap Rate.:
8.33
Projected Gross Multiplier:
9.46
Projected gross operating income:
533860
Projected gross scheduled income:
549853
Projected net Income:
401738
Projected operating expense:
132122
Projected Vacancy & Credit Loss:
15993.0
Gross equity:
0
Motive / Want:
N/A
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Parking:
Garages, Spaces
Parcel Number:
449-473-04-00
Number of Units in Unit 1:
5
Bedrooms for Unit 1:
1
Bathroom 1:
1.0
Number of Units in Unit 2:
5
Bedrooms for Unit 2:
2
Bathroom 2:
1.0
Listed by David Santistevan
Data was last updated June 7, 2024 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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