1611 Edgemont Street

San Diego, CA 92102

$1,627,250
Last Sold Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

3 Units available in Prime South Park. Quite Residential Street. 2 units (The front 2BR/1Bath House and one of the 1BR/1Bath units) will be delivered unoccupied at the close of escrow. Tons of immediate upside in the rents. Estimated $2,000/1BR in current condition. With some updating the pro forma rents should be closer to $2,450. Front 2BR/1.5Bath House with longer term tenant and rents about 25% below market. Large lot with plenty of parking as well as a garage. Each unit has a patio/yard. Alternative...3 Units available in Prime South Park. Quite Residential Street. 2 units (The front 2BR/1Bath House and one of the 1BR/1Bath units) will be delivered unoccupied at the close of escrow. Tons of immediate upside in the rents. Estimated $2,000/1BR in current condition. With some updating the pro forma rents should be closer to $2,450. Front 2BR/1.5Bath House with longer term tenant and rents about 25% below market. Large lot with plenty of parking as well as a garage. Each unit has a patio/yard. Alternative use could be operating as short term rentals with a nightly rate of $150-$200 for the 1BR Bungalow style units.
  1. Listed by Thomas McCartin • DRE #01427348 • Brokerage DRE #00823860 • Marcus & Millichap

Property Details for 1611 Edgemont Street

Zoning
R-2 Multip
Cross Streets
Cedar St & Edgemont St
Source Living Area
Other
Area
San Diego (City) (SD)
Lot Size Area
7650
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

Sold By Acre Investment Real Estate, Dylan Wright, DRE #01411216

Add your commute
LISTING UPDATED: 06/27/2022 06:48 PM

Property Details for 1611 Edgemont Street

StatusSold
MLS #210032187SD
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.18 AC / 7,650 SF
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

Sold By Acre Investment Real Estate, Dylan Wright, DRE #01411216

Add your commute

Building Information for 1611 Edgemont Street

Stories1Residences-Year Built1938Building Size-Lot Size0.18 AC / 7,650 SF

Payment Calculator

$8,881 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,881

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1611 Edgemont Street

Community / Development
Community / Development
  • Complex Name: San Diego
  • Number Of Units: 3
  • Builders Tract Name: South Park
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
  • Water: None
Contract Info
Contract Info
  • Financing: Cash
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $53,293.00
  • Gross Scheduled Income: $81,000
  • Cap Rate: 3.13%
  • Gross Rent Multiplier: $20.98
  • Other Income1: $.00
  • Total Annual Expense: 27707
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.17
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: None
Lease Terms
Lease Terms
  • Listing Terms: Exchange
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1

Property History for 1611 Edgemont Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1611 Edgemont Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 6 to 8
Charter - K to 5
Rating
School
Distance
Golden Hill K-8
PublicK to 8

Garfield High School
Public9 to 12

Roosevelt International Middle School
Public6 to 8

Mcgill School Of Success
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

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