4847-53 Mansfield St | 4847-53 Mansfield St
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4847-53 Mansfield St 4847-53 Mansfield St
4 Unit Apartment Building $2,195,000 ($548,750/Unit) San Diego, CA 92116
Investment Highlights
- Fully remodeld property with brand new appliances, flooring, kitchen
- Rents at market levels
- 2 parking spaces in front driveway & 2 parking spaces in back alley
Executive Summary
4847-53 Mansfield St is a four unit apartment complex located above Adams Ave in Normal Heights, San Diego on a 6,298 SF Lot, and offers 2900 of rentable SF. It consists of a 3-bedroom/2-bathroom, 2-bedroom/1-bathroom, 1 -bedroom/1-bathroom, and a studio. Both of the 1-bedroom & 2-bedroom units are brand new construction, built in 2022. The 3-bedroom & Studio are extensively updated throughout. This property offers investors the opportunity to own a completely turnkey property with maximized current market rents
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$141,900
|
$59.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,248
|
$1.77
|
| Effective Gross Income |
$137,652
|
$57.31
|
| Taxes |
$27,348
|
$11.39
|
| Operating Expenses |
$13,760
|
$5.73
|
| Total Expenses |
$41,108
|
$17.11
|
| Net Operating Income |
$96,544
|
$40.19
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $141,900 |
| Annual Per SF | $59.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,248 |
| Annual Per SF | $1.77 |
| Effective Gross Income | |
|---|---|
| Annual | $137,652 |
| Annual Per SF | $57.31 |
| Taxes | |
|---|---|
| Annual | $27,348 |
| Annual Per SF | $11.39 |
| Operating Expenses | |
|---|---|
| Annual | $13,760 |
| Annual Per SF | $5.73 |
| Total Expenses | |
|---|---|
| Annual | $41,108 |
| Annual Per SF | $17.11 |
| Net Operating Income | |
|---|---|
| Annual | $96,544 |
| Annual Per SF | $40.19 |
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $548,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,402 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Townhome |
| Price | $2,195,000 |
| Price Per Unit | $548,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,402 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 1.67/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,198 | 500 |
| 2+1 | 1 | $2,835 | 700 |
| 3+2 | 1 | $4,473 | 1,200 |
| Studios | 1 | $2,200 | 500 |
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 440-232-07 | Total Assessment | $790,287 |
| Land Assessment | $530,604 | Annual Taxes | $27,348 ($11.39/SF) |
| Improvements Assessment | $259,683 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
440-232-07
Land Assessment
$530,604
Improvements Assessment
$259,683
Total Assessment
$790,287
Annual Taxes
$27,348 ($11.39/SF)
Tax Year
2024
zoning
| Zoning Code | 2 |
| 2 |
-
Jason Lee -
Daniel Sipher -
JLM Real Estate Inc.
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4847-53 Mansfield St | 4847-53 Mansfield St
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