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  • MLS#: PTP2507257 ( )
  • Street Address: 165 20th Street
  • Viewed: 6
  • Price: $2,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1966
  • Bldg sqft: 0
  • Days On Market: 137
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92102
  • Provided by: Top Gun CRE
  • Contact: Max Max
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    PRICE REDUCED $100K! Bring all offers. Well maintained 7 unit value add multifamily property in the heart of Sherman Heights, one of San Diegos most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2 bed/1 bath units, (3) 1 bed/1 bath units, (5) large 1 car garages, (5) storage units, gated courtyard, on site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 34 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month to month tenants in place, there's an estimated 43% income upside, and the units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 3982.00
Common Walls
  1. 2+ Common Walls
Days On Market
  1. 130
Entry Location
  1. Gate
Garage Spaces
  1. 5.00
Insurance Expense
  1. 7995.00
Laundry Features
  1. Common Area
Lot Features
  1. Corner Lot
  2. Level with Street
  3. Level
  4. Near Public Transit
  5. Paved
Netoperatingincome
  1. 74781.00
Newtaxesexpense
  1. 25843.00
Parcel Number
  1. 5354240100
Pool Features
  1. None
Professionalmanagementexpense
  1. 6505.00
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 400099438:CRP
Totalactualrent
  1. 10950.00
Totalexpenses
  1. 55317.00
Trash Expense
  1. 4200.00
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/crmls/PTP2507257
Year Built
  1. 1966
Year Built Source
  1. Assessor
Zoning
  1. RX-1-1 https://scoutred.