$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan @ 2.25%, seller financing, subject to, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently operating as a profitable short-term rental, making it a turn-key income-producing property. Ideal for investors or owner-occupiers looking to live in one unit while renting out the others. Property highlights include separate electric and gas meters, a shared water meter, and numerous recent improvements: new HVAC-ready electrical panels, resealed upper deck, fresh turf landscaping, refinished cabinets, new countertops, and durable vinyl flooring throughout. $180k+ in Seller Improvements. Don’t miss your chance to own in Mission Hills, a high-demand, low-inventory neighborhood! Contact Agent for copy of Appraisal, Offering Memorandum, Seller Improvements List. $2.4M Appraisal, Pro Forma, Offering Memorandum, Seller Improvement List, and ADU Feasibility Study all attached in documents section and available via Listing Agent contact.
Property Details
Price:
$2,300,000
MLS #:
240026126SD
Status:
Active
Baths:
0
Address:
806 W Brookes Ave
Type:
Residential Income
Subdivision:
Mission Hills
Neighborhood:
92103missionhills
City:
San Diego
Listed Date:
Nov 5, 2024
State:
CA
ZIP:
92103
Lot Size:
6,255 sqft / 0.14 acres (approx)
Year Built:
1958
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Schools
Interior
Cooling
None
Heating
See Remarks
Exterior
Fencing
None
Parking Spots
0.00
Stories Total
2
Financial
Association Fee
0.00
Tenant Pays
See Remarks
Map
Community
- Address806 W Brookes Ave San Diego CA
- Area92103 – Mission Hills
- SubdivisionMission Hills
- CitySan Diego
- CountySan Diego
- Zip Code92103
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Courtesy of Real Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
806 W Brookes Ave
San Diego, CA
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