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  • MLS#: NP25124745 ( Commercial/Residential )
  • Street Address: 6675 Linda Vista Road
  • Viewed: 2
  • Price: $24,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1972
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92111
  • Subdivision: Linda Vista
  • Provided by: Times Real Estate CA
  • Contact: George George
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptionally renovated 44 Unit Trophy Apartment Community with expansion potential (Plans Approved to add 19 more units)! Huge benefit to new owner who may take advantage of bonus depreciation based on investment made into property by current owner! A rare opportunity to own a fully renovated, ideally located income property just steps from the University of San Diego! Located in a high demand rental corridor, this gated, modern living, pool community offers an unbeatable location perfect for student housing / short term rentals / long term residents and permanent investment. This property features recent major renovations, enhancing both interior finishes and exterior appeal. Community amenities include a sparkling pool, dog washing station/tub, BBQ area, large well maintained common spaces, and private laundry in each of the units that appeal to todays renters. Positioned within walking and biking distance to USD, and close to Trader Joes, Target, Ralphs, USD Sports Center Pool, gyms, Kearny Mesa Park, Riverwalk Golf Club, and major shopping centers, residents enjoy convenience and lifestyle in equal measure. Tenants pay utilities. Approved plans for an additional 19 units presents a significant value add opportunity with huge return on cost, further increasing the investment potential of this already cash flowing asset. With flexible use options, strong rental demand, and proximity to major amenities, 6675 Linda Vista is a turn key investment with room to grow in one of San Diegos most vibrant rental markets.
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Features
Appliances
  1. Dishwasher
  2. Electric Oven
  3. Electric Range
  4. Freezer
  5. Disposal
  6. Microwave
  7. Range Hood
  8. Refrigerator
  9. Warming Drawer
Assessments
  1. Unknown
Association Amenities
  1. Pool
Association Fee
  1. 0.00
Building Area Total
  1. 38645.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. None
Country
  1. US
Electric Expense
  1. 2811.00
Fireplace Features
  1. None
Fuel Expense
  1. 8819.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 5940.00
Heating
  1. Radiant
Insurance Expense
  1. 12256.00
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. Dryer Included
  2. Inside
  3. Washer Included
Levels
  1. Two
Lockboxtype
  1. Call Listing Office
Lot Features
  1. Lot 20000-39999 Sqft
Netoperatingincome
  1. 1075814.00
Newtaxesexpense
  1. 294022.00
Number Of Separate Electric Meters
  1. 42
Otherexpense
  1. 4800.00
Otherexpensedescription
  1. site mgr
Parcel Number
  1. 4370300400
Parking Features
  1. Parking Space
  2. Private
Pool Expense
  1. 5100.00
Pool Features
  1. Private
  2. Fenced
  3. In Ground
Professionalmanagementexpense
  1. 45466.00
Property Type
  1. Commercial/Residential
Road Frontage Type
  1. City Street
Security Features
  1. Gated Community
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440138178:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Linda Vista
Taxblock
  1. 85
Tenant Pays
  1. Electricity
  2. Gas
  3. Sewer
  4. Trash Collection
  5. Water
Totalexpenses
  1. 439704.00
Trash Expense
  1. 25193.00
Uncovered Spaces
  1. 49.00
Vacancyallowance
  1. 43506
View
  1. None
Water Sewer Expense
  1. 11414.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1972
Year Built Source
  1. Assessor
Zoning
  1. CC-1-3