806 W Brookes Ave
San Diego, CA, 92103
$2,300,000
Beds
0 Baths
SqFt
0.14 Acres
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$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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