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8650 Hurlbut St San Diego, CA 92123
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Key Details
Sold Price $2,275,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,130 sqft
Price per Sqft $2,013
Subdivision Serra Mesa
MLS Listing ID 240002201
Sold Date 03/21/24
Bedrooms 12
Full Baths 8
HOA Y/N No
Year Built 1959
Property Description
**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diego’s strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).
Location
State CA
County San Diego
Community Serra Mesa
Area San Diego (92123)
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Other/Remarks
Space Rent $3,795
Listing Terms Other/Remarks
Financing Conventional
Read Less
Bought with Sara Alavi • Coldwell Banker Realty
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