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3866 36th Street, San Diego, CA 92104

Commercial property · 2 recorded sales since 2016

3866 36th Street, San Diego, CA 92104 Sold April 2019 CRMLS
$2,190,000Sold April 2019

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Jeff Diller · South Coast Commercial, Inc. · MLS #190001529 · Source: CRMLS

8
Units
5.20%
Cap Rate
$117,217
NOI
6,604 sqft
Lot Size
Commercial property
Type

About this commercial property

The 36th Street Apartments have been extensively remodeled within the past 3 years. The exterior of the property has been painted, fitted with new windows, as well as re-landscaped with low maintenance landscaping. The remodeled units all have low flow toilets, new tubs and showerheads. The remodeled kitchens have new wood cabinets and quartz counter-tops as well as new appliances. All of the units have dishwashers, microwaves, in-unit washers and dryers and new faux wood flooring in the common areas as well as ceiling fans. The property features upgraded electrical, new underground ABS and 8 parking spaces. The property consists of spacious units totaling approximately 6,000 square feet of structure built in the 1950s and situated on a 6,604 square foot lot. All of the units are spacious 2 Bed / 1 Bath units. The property has a low cost of operation and low maintenance as well as additional upside in the rents. Assumable financing available at 4.18%.

Listing description from the April 2019 sale, as reported to CRMLS.

Sale history

$2,190,000
Sold April 2019 · listed $2,275,000, on market January 2019 · MLS #190001529 · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Jeff Diller · South Coast Commercial, Inc.
$1,405,000
Sold February 2016 · listed $1,450,000, on market December 2015 · MLS #150064501 · Source: CRMLS
Listing Agent: Steve Sneed · Listing Office: Sneed Management · Contact: 619-286-7502 · Bought with: Benn Vogelsang · South Coast Commercial, Inc.
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