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3609 30TH STREET ‐ SAN DIEGO, CA ‐ 92104A 5‐UNIT MULTI‐FAMILY INVESTMENT OPPORTUNITY
MARK MORGAN ‐ ACI ‐ (619) 300‐[email protected] ‐ CalBRE# 01339919
Click Here For Property Video
Fantastic North Park Location
Ideal Unit Mix Of 1, 2, & 3 Bedrooms
New Dual Pane Windows
Stainless Steel Appliances
Hardwood Floors
New Kitchen Cabinets
Granite Countertops
Custom Designer Tiled Showers/Baths
Dishwashers
Recessed Lighting
Built-Ins Retained For Vintage Charm
Immediate Rental Upside
Laundry Room w/ 2 Washers + 2 Dryers
On-site Parking + 2-Car Garage
PRO
PERTY H
IGH
LIGH
TS
INVESTMENT SUMMARY UNIT MIX BREAKDOWN
Number of Units………………………………… 5Unit Size Average…………………………….. 758Estimated Rentable Square Feet……………… 3,790Actual Rent / Unit……………………………. $1,655Actual Rent / Square Foot………………….. $2.18Year Built………………………………………. 1954
UNIT MIX SUMMARYUnit Type Units Unit Mix
1 Br 1 Ba 3 60%2 Br 1 Ba 1 20%3 Br 1 Ba 1 20%
Total 5 100%Weighted Average
$2,150 $1.95 $2,1503,790 $8,273
* Square footage of units is estimated. Buyer to measure.* Property is reporting 100% physical occupancy.
Actual Rent / Unit Actual Rent / SF Monthly Rent
1,100$2,100 $2.36 $2,100
1,8006008901100
890$1,341 $2.24 $4,023
Estimated
3609 30th StreetSan Diego, CA 92104
Square FeetEstimated
Net Rentable SF
INVESTM
ENT AN
D U
NIT M
IX SUM
MAR
Y
60%20%
20% 1 Br 1 Ba
2 Br 1 Ba
3 Br 1 Ba
# Units Zip5 92104
Current Market Current Market17.1 14.8 3.3% 4.2%
# Units Type Rent Total
3 1Br/1Ba $1,341 $4,0231 2Br/1Ba $2,100 $2,100 Advertising $60 $4,3021 3Br/1Ba $2,150 $2,150 Gas & Electric $1,128 $0
Water & Sewer $2,469 Security $0Laundry & Misc. Income $124 Landscaping $1,140 Miscellaneous $0
Insurance $2,872 Supplies $0Total Monthly Income $8,397 General Admin $0 Pool $0
Licenses & Fees $79 Pest Control $660Maintenance $9,404 Taxes (NEW) $18,975
3 1Br/1Ba $1,600 $4,800 1 2Br/1Ba $2,250 $2,2501 3Br/1Ba $2,500 $2,500 Total Annual Operating Expenses $41,089
Laundry & Misc. Income $175 Expenses Per: Est. Sq. Ft. $10.84
Unit $8,218Total Monthly Income $9,725 % of GSI 40.8%
Current MarketGross Scheduled Income $100,764 $116,700 Proposed Financing: $862,500Less: Vacancy Factor 2% $2,015 $3,501Gross Operating Income $98,749 $113,199 Downpayment: $862,500Less: Expenses 40.8% $41,089 $41,089 50%Net Operating Income $57,660 $72,110
Less: 1st TD Payments ($49,412) ($49,412)
Pre-Tax Cash Flow $8,247 $22,698Cash on Cash Return 1.0% 2.6%
Price $/Unit$/Square Foot GRM
5,000 sfAddress City Year Built
(Estimated) (Estimated)$1,725,000 $345,000 $455.15
Parcel Size3609 30th St. San Diego North Park 1960
Contact:Mark Morgan
ACI Apartments(619) 300-9070 Cell
Estimated Annual Operating Proforma Financing Summary
Management (On Site)
Gross Sq. Ft.
3,790
Market
CAP Rate
Management (Off Site)
Income Detail Estimated Annual Operating Expenses
Current
INVESTM
ENT SU
MM
ARY
1963 22 1 5%3952 Iowa St. 1Br/1Ba $1,700 600 $2.83North Park
1962 40 1 3%3929 Kansas St. 1Br/1Ba $1,695 600 $2.83North Park
1968 8 1 13%3345 29th St. 1Br/1Ba $1,500 600 $2.50North Park
1967 7 1 14%3728 Herman Ave.North Park 2Br/1Ba $2,395 980 $2.44
1964 8 1 13%4184 32nd St.North Park 2Br/1Ba $2,100 915 $2.30
# Photo Vacancy %Building Total Units # Units Vacant
Year Built
5
1
2
3
4
Unit Type
Parking is $75 ExtraLaundry Room
Remodeled UnitsDishwashers
Balcony
Rent Per SF
Comments
Remodeled Units
Rents SqFt
Remodeled Units
Stainless AppliancesHardwood Floors
Granite CountertopsPoolBBQ
1 Parking Space
Gated ComplexLaundry Room
Remodeled UnitsQuartz Countertops
Vinyl FlooringStainless Appliances
Gated ComplexAir Conditioning
Open Kitchens
RENTAL SURVEY
1986 17 1 6%3792 31st St. 1Br/1Ba $1,498 650 $2.30North Park
1944 2 1 50%3658 Cherokee Ave.East San Diego
3Br/1Ba $2,395 950 $2.52
1952 2 1 50%3604 Herman Ave.North Park
3Br/1Ba $2,500 1,100 $2.27
Year Built Units # Vacant Vacancy %
1963 13 1 19% 1Br/1Ba $1,598 613 $2.62
2Br/1Ba $2,248 948 $2.37
3Br/2Ba $2,448 1,025 $2.40
RentalAverages
Year Built
Backyard
8
6
7
Hardwood FloorsBackyard
Washer/Dryer in unit
Gated Complex1 car garage
Unit Type Rents SqFt Total Units # Units Vacant
Vacancy %# Photo Building Rent Per SF
Comments
Hardwood FloorsRemodeled CraftsmanWasher/Dryer in unit
FireplaceLaundry Room
East of the 805
RENTAL SURVEY