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DOWNTOWN Property for sale: 747 Tenth Ave in San Diego

747 Tenth Ave San Diego DOWNTOWN

Main Photo: DOWNTOWN Property for sale: 747 Tenth Ave in San Diego
$3,000,000
Prop. Type:
2-4 Units
MLS® Num:
170056696
Status:
Active
Year Built:
1905
Mudville Flats is a unique San Diego boutique hotel opportunity which is turn key, completely furnished and in full operation. This is a long-standing fixture in San Diego's vibrant East Village with a solid history of strong occupancy. Business Insider Magazine listed it as one of the 50 coolest small businesses in America! #1 rated independent San Diego hotel on Yelp, Trip Advisor Hall of Fame award winner for the past 6 years among other honors! There is major upside potential with this property.
Total Floor Area:
Switch units of measure3,075 sq. ft.
Lot Size:
1-3,999 SF
Lot Size:
Switch units of measure0.07 acre(s)
Number of Buildings:
1
Number of Units:
4
Year Built:
1905
Storeys:
2 Story
Market Area:
Metro Central
Community:
DOWNTOWN
County:
San Diego
Neighborhood Code:
East Village
Name of Complex/Subdivision:
Mudville Flats
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Other/Remarks
Projected net operating income:
219335
Other income:
0
Projected other income:
19200
Annual expense actual:
28397
Projected annual expense:
53745
Cap Rate.:
6.4
Projected Cap Rate.:
8.9
Gross Rent Multiplier:
12.13
Projected Gross Rent Multiplier:
8.3
Gross scheduled income:
226800
Projected gross scheduled income:
331200
Unit Number for Unit 1:
A
Finished Area for Unit 1:
Switch units of measure682 sq. ft.
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
6300.0
Projected Rent for Unit 1:
7950.0
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Common
Unit Number for Unit 2:
B
Finished Area for Unit 2:
Switch units of measure682 sq. ft.
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
6300.0
Projected Rent for Unit 2:
7950.0
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Common
Unit Number for Unit 3:
C
Finished Area for Unit 3:
Switch units of measure682 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
0.0
Total Rent for Unit 3:
0.0
Projected Rent for Unit 3:
7950.0
Unit 3 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 3:
Common
Unit Number for Unit 4:
D
Finished Area for Unit 4:
Switch units of measure682 sq. ft.
Bedrooms for Unit 4:
1
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
0.0
Total Rent for Unit 4:
6300.0
Projected Rent for Unit 4:
7950.0
Unit 4 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 4:
Common
The building is not historically designated and can be developed, maintained as the existing hotel, turned into an owner occupied property or another business opportunity. The private backyard is unlike anything you've seen downtown; a serene and tranquil oasis in the middle of San Diego's fastest growing neighborhood. Call for details!
G Street
Exterior Features:
Wood
Directions:
10th Ave between F and G Streets
Cooling:
Zoned Area(s), Other/Remarks
Heating:
Wall/Gravity
Heating fuel:
Electric
Land Use:
RM 5
Number of Units with Cooling:
4
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
4
Number of Units with Garages:
0
Number of Units with Patios:
4
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Composition
Sewer Septic:
Sewer Connected
Security:
Eqpt Owned
Fencing:
Full
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange
Parcel Number:
535-132-03-00
Listed by Keller Williams SD Metro
Listing information last updated on 8-Jan-2018 5:47 PM
Jan Clements
The Clements Group