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2499 Tuberose St., San Diego, CA 92105

Commercial property · 2 recorded sales since 2013

2499 Tuberose St., San Diego, CA 92105 Sold December 2016 CRMLS
$950,000Sold December 2016

Listing Agent: Ray Adams (DRE #00989238) · Listing Office: Ray Adams Investment RE Inc · Contact: 858-546-5456 · Bought with: Erik Knutson · Big Block Realty, Inc. · MLS #160045519 · Source: CRMLS

6
Units
5.00%
Cap Rate
$49,689
NOI
20,621 sqft
Lot Size
Commercial property
Type

About this commercial property

The subject property is a well located 6 unit multi-family property in the charming Azalea Park neighborhood of San Diego, California. The property consists of 3 two- bedroom units, 1 one-bedroom unit, and 2 studios. Many of the units have upgraded interiors with new hardwood floors, granite counter tops, and newer appliances. The front building has a brand new roof and both buildings have new stucco and exterior paint. The property also offers a large community yard and a shared onsite laundry room. Given its central location, tenants enjoy an easy commute to work with the I-805 and Fwy 15 thoroughfares. Overall, the rental units have been well maintained and new ownership will have the opportunity to take advantage of upgraded units in a central location currently below average asking rates.

Listing description from the December 2016 sale, as reported to CRMLS.

Sale history

$950,000
Sold December 2016 · listed $995,000, on market August 2016 · MLS #160045519 · Source: CRMLS
Listing Agent: Ray Adams · Listing Office: Ray Adams Investment RE Inc · Contact: 858-546-5456 · Bought with: Erik Knutson · Big Block Realty, Inc.
$500,000
Sold May 2013 · listed $550,000, orig. $600,000, on market September 2012 · MLS #120047536 · Source: CRMLS
Listing Agent: Aaron Bove · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Aaron Bove · Marcus & Millichap
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