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5442 Lauretta St, San Diego, CA 92110

Commercial property

5442 Lauretta St, San Diego, CA 92110 Sold February 2025 CRMLS
$2,315,000Sold February 2025

Listing Agent: Terry Moore (DRE #00918512) · Listing Office: Apartment Consultants Incorporated · Contact: 619-299-3000 · Bought with: Robert Jackson · Catalina Realty · MLS #240013297SD · Source: CRMLS

6
Units
4.20%
Cap Rate
$97,742
NOI
5,142 sqft
Lot Size
Commercial property
Type

About this commercial property

JUST REDUCED!!! Fantastic location just two blocks from USD. All units have hard surface flooring throughout. Exterior was just repainted in early June, 2024. Laundry room is currently used as storage. New owner might consider putting laundry equipment in that space. One unit is the owners unit, which will be vacant at close of escrow. The currently vacant unit can be rented for $2200 before close of escrow. The two apartments with the lowest rents could be raised within 90 days of close of escrow. According to one mortgage broker it is possible to obtain a 6% interest only loan that will allow for a slightly higher debt amount, lower rate and amortization of principal.

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$2,315,000
Sold February 2025 · listed $2,349,000, orig. $2,649,000, on market June 2024 · MLS #240013297SD · Source: CRMLS
Listing Agent: Terry Moore · Listing Office: Apartment Consultants Incorporated · Contact: 619-299-3000 · Bought with: Robert Jackson · Catalina Realty
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