5050 Marlborough Dr -70 San Diego, CA 92116
Property Features for 5050 Marlborough Dr -70
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.30 Acres
Source:
Elliman
Listing Agency: Century 21 Horizon Listing Agent: Joe Carta
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Vintage Apartments in Kensington Heights
The 'Marlborough Arms' is an 11-unit vintage-style rental community located in Kensington Heights, a vibrant rental district in Metro San Diego. This property features six 1-bed, 1-bath apartments and five 2-bed, 1-bath apartments. There is also a plan to add nine studios, currently under city permit process. The property is situated on a 98x135 corner lot with an alley. The current yearly income is approximately $308,300, plus income from a common area laundry. A first trust deed of $3,000,000 is assumable at 5% interest-only payments for 8+ years. Additionally, the seller will carry a second trust deed with a reasonable down payment and at reasonable terms. This is a value-add, legacy property.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.123
- Latitude
- 32.7651
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Unique 11-unit apartment community with value-add potential.
Where is this apartment building located?
The property is located at 5050 Marlborough Dr -70 San Diego, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: - Assumable 1st TD of $3,000,000 at 5% Interest Only Payments for 8+ Years; - Seller Will Carry a 2nd TD with Reasonable Terms; - Value Add Opportunity: **9 Studios Under City Permit Process**
