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Home for Sale at 1518 Rosecrans Street, San Diego, CA 92106

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1518 Rosecrans Street, San Diego, CA 92106
Listing# 190000343
 
 
 
 
Price: $5,700,000
Type: Commercial Sale
County: San Diego
 
 
 
 
    Photo of home for sale at 1518 Rosecrans Street, San Diego CA
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Property Description:
 
 
 
 
HUGE PRICE REDUCTION! The property consists of spacious one-bedroom and two-bedroom units, a laundry facility and beautifully landscaped grounds. Tenants benefit from the highly walkable location with a plethora of restaurants, grocers and community amenities all within walking distance. While the property is very well maintained, in-place rents are below market. Current ownership has renovated two out of the 18 units. A future investor has the opportunity to continue the unit renovations and further increase rents. The location of the site near the water drives the high demand for the residential apartments in the project which consistently maintains a 100% occupancy. The project is located in the heart of the prestigious Point Loma community. Point Loma is known for its views of the San Diego Bay and benefits from yachting marinas and the U. S. Navy for a local employment base.

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Commercial Sale
Listing Status:Active
Construction:Frame, Stucco
Roofing:Composition
Heating:Wall Heater
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$5,700,000
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Based on information from California Regional Multiple Listing Service, Inc. as of 03/19/2019. This information 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.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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