2621-27 Monroe Ave., San Diego. CA 92116 | 2621 Monroe Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2621-27 Monroe Ave., San Diego. CA 92116 2621 Monroe Ave
8 Unit Apartment Building $3,100,000 ($387,500/Unit) 3.55% Cap Rate San Diego, CA 92116
Executive Summary
A prime investment opportunity with immediate cash flow. This fully leased 8-unit apartment building features 7 two-bedroom units and 1 one-bedroom unit. Located in the desirable University Heights neighborhood, the property is within walking distance of shops, restaurants, and public transportation, enhancing its appeal to tenants. On-site laundry facilities and a shared outdoor space provide added value for residents. This corner lot has 5100 square feet of improved space, offering potential for future enhancements.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,100,000 | Property Subtype | Apartment |
| Price Per Unit | $387,500 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.55% | Lot Size | 0.17 AC |
| Sale Conditions | 1031 Exchange | Building Size | 11,402 SF |
| Gross Rent Multiplier | 23 | Average Occupancy | 92% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Price | $3,100,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 3.55% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 23 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 11,402 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,401 | 600 |
| 2+1 | 7 | $1,335 | 600 |
1 of 1
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 445-251-30 | Total Assessment | $168,232 (2024) |
| Land Assessment | $51,609 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $116,623 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
445-251-30
Land Assessment
$51,609 (2024)
Improvements Assessment
$116,623 (2024)
Total Assessment
$168,232 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3 |
| R3 |
-
Kim Klecan -
San Terra Properties
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2621-27 Monroe Ave., San Diego. CA 92116 | 2621 Monroe Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.