3071 Hawthorn, San Diego, CA 92104
Property · 2 recorded sales since 2022
Sold October 2022
Listing Agent: Allen Chitayat (DRE #00894356) · Listing Office: CBRE · Contact: 858-546-4600 · Bought with: James Heinzman · Realty Partners Services Inc. · MLS #220020043SD · Source: CRMLS
About this property
Premier Cottage Style property in an irreplaceable San Diego location near Fern and 30th St surrounded by boutique coffee roasters, breweries, classic restaurants, and walking distance to the famous Balboa Park! Ownership can deliver the entire rear building empty at closing consisting of the primary 2 bedroom unit, the downstairs 1 bed unit, and a huge yard! Allowing an ideal owner-occupy scenario or allowing an investor to immediately renovate those units and capture the current historical high market rents. 3071 Hawthorn can provide a significantly stronger than average market return at an incredible 4.26% cap rate on as-is unit conditions or 4.81% if the empty rear building is renovated, and 5.95% proforma cap rate after all units are renovated. All units possess mid to large size large private yards with no more than one shared wall and under market rents. Attractive financing quote in hand for a 30% downpayment at a 4.825% interest only rate for 5 years fixed! Or 25% downpayment at a 4.75% rate 5 year fixed with a 30 year amortizing schedule. Unit # for Unit 1: 2+1 House Number of Furnished Units: 0
Listing description from the October 2022 sale, as reported to CRMLS.
Sale history
