2264-66 Smythe Ave San Diego, CA 92173
- Apartment buildings
- 1,400 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2264-66 Smythe Ave
- Year built
- 1930
- Property size
- 1,400 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents two detached, two-bedroom homes situated on a single 3,842 sq ft lot in San Diego, CA (92173). Built in 1930, this 1,400 sq ft multifamily property boasts 100% occupancy with two units, each offering off-street parking. One unit features two bedrooms and two bathrooms, while the other includes two bedrooms and one bathroom. Currently generating a Net Operating Income (NOI) of $10,603, with a pro-forma NOI of $13,253, this property offers a compelling 1.35% cap rate and a pro-forma cap rate of 1.69%. The asking price is $785,000, translating to $392,500 per unit and $560.71 per square foot. Tenants are responsible for gas and electric utilities. Conveniently located near major freeways, this property is an attractive investment prospect. Inspections are scheduled upon acceptance of an offer
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.05
- Latitude
- 32.5566
