StatusAccepting Backup Offers (Active Under Contract)
About 194254 San Diego Ave
Huge $450k Price Reduction! 1942-54 San Diego Ave presents the opportunity to acquire a 14 unit multifamily asset in the rarely traded and desirable Old Town location. The asset consists of (1) Studio Unit, (11) One Bedroom units, (1) 2 Bedroom / 1 bath, and (1) 3 Bedroom / 1 Bath unit. Select units possess bay views. 8 out of the 14 units have received full interior renovations. Current gross scheduled annual income is $305,000 yielding a 4.83% cap rate. The remaining units possess notably under market rents allowing for an investor to achieve roughly $383,000 gross scheduled income potential yielding a proforma 7.04% cap rate on a proven rent roll. Four units at the rear of the property are single story with small rear yards providing tenants with additional privacy. There are (5) garage spaces at the property along with an on-site laundry room. A shared central courtyard could be further improved with a BBQ and table arrangement to provide tenants with additional outdoor utility to enjoy bay views with their gatherings. The property provides tenants with incredible accessibility to the majority of San Diego’s primary entertainment, employment, restaurants, highway access, and activity hotspots. The asset is within short walking distance to Downtown of Old Town and International Restaurant Row and within biking distance of Little Italy & Liberty Station. Additional primary attractions such as Mission Bay, Fiesta Island, Petco Park, Downtown Hillcrest, Balboa Park, Banker’s Hill etc are all within a 10 minute drive.
This property is $2.8M more than the Median Sold Price in San Diego, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PTP2404992
Listing Office:
Office Name: Commercial Asset Advisors
Office Email: mbrown@caacre.com
Listing Agent: Maxwell Brown
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Dewey Elementary School
3251 Rosecrans St
Distance between this listing and this school0.77 miles
Public District Grades KG-4
4
/10
Empower Language Academy
6402 Linda Vista Rd
Distance between this listing and this school1.62 miles
Public Charter Grades KG-6
7
/10
Loma Portal Elementary School
3341 Browning St
Distance between this listing and this school1.68 miles
Public District Grades KG-4
Nearby Schools
6
/10
Old Town Academy K-8 Charter
2120 San Diego Ave
Distance between this listing and this school0.75 miles
Public Charter Grades KG-8
7
/10
Grant K-8 School
1425 Washington Pl
Distance between this listing and this school1.31 miles
Public District Grades KG-8
3
/10
High Tech Middle School
2359 Truxtun Rd
Distance between this listing and this school1.76 miles
Public Charter Grades 6-8
Nearby Schools
1
/10
Urban Corps of San Diego County Charter
3127 Jefferson St
Distance between this listing and this school0.32 miles
Public Charter Grades 9-12
4
/10
Ihigh Virtual Academy
3939 Conde St
Distance between this listing and this school0.32 miles
Public District Grades 9-12
3
/10
San Diego County Community
6401 Linda Vista Rd Rm 216
Distance between this listing and this school1.48 miles
The neighbors living near this home have an average income of $39,138. The most common annual income of people living in San Diego, CA is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 194254 San Diego Ave
What is the listing price of this property?
The listing price of 194254 San Diego Ave property is $3,750,000.
What type of property is this?
The property 194254 San Diego Ave is a house located in San Diego, California, 92110.
Is this property for sale now?
Accepting Backup Offers: 194254 San Diego Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
Which year was this property built?
The year of construction for 194254 San Diego Ave is 1960.
Interested in 194254 San Diego Ave? Let's connect.
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This home is located at 194254 San Diego Ave in San Diego, CA and zip code 92110 in the Western San Diego neighborhood. This home, which was built in 1960, sits on a 0.21 acre lot. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $3,750,000.
In October 2024, from all listings sold in San Diego, CA there were more than 236 sold above asking price, over 395 sold below and more than 122 were sold right at the asked price. Between September 2024 and October 2024, San Diego, CA real estate market has seen increase in the number of listings by 7.2%. The median list price of listings available in October 2024 was $947,861, while the average time on the real estate market was 26 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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