$5,700,000 1518 Rosecrans Street San Diego, CA

MLS: 190000343   Type: Income   County: San Diego   City: San Diego   Area: Coastal South   Neighborhood: Coastal South   Zip: 92106     Stories: 2

Mortgage $26,761 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

3

2

0

10,800

0

0

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.

Elementary School

Middle School

High School

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Price History

1/2/2019 Listed $6,300,000
2/15/2019 10% - $5,700,000

# Of Units (1) 12
# Of Units (2) 6
Construction Frame, Stucco
Sale/rent For Sale
Stories 2 Story
Total Units 18

Interior Features

Baths in Unit 1 1
Baths in Unit 2 1
Bedrooms in Unit 1 1
Bedrooms in Unit 2 2
Floor Covering Vinyl, Wall to Wall Carpet
Heating Wall
Unit Furnished (1) 0

Exterior Features

Exterior Fully Landscaped
Parking Spaces
Roof Composition

Property Schools



Direct Link:

https://www.sdcountyhomehunter.com/property/32-190000343-1518-Rosecrans-Street-San-Diego-CA-92106

Gallery (6 photos)

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Property vs Zip Code Avg (92106)

Price 5.70M Avg 7.96M

Sqr Feet 10,800 Avg 16,182

Cost / Sqr Ft $528 Avg $492

Visits 55 Avg 107

Days on Site 51 Avg 161

Walkscore® 85 Avg 75

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Listing Provided Courtesy Of: Kidder Mathews




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Location & Address

Solutions Real Estate
2055 Corte Del Nogal
Carlsbad, CA
760-437-5866