$4,995,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180004034

Description

We are proud to present La Vana Apartments in Banker's Hill, a charming 1929 built (21) unit apartment complex located just 2 blocks South of Laurel St and 2 blocks West of Balboa Park. La Vana residents love the walk ability (walk score of 91), downtown & bay views, convenient building amenities, card reader security access, tall ceilings, vintage hardwood floors, large closets / powder rooms, storage lockers, and the comfort of larger than average urban units. The unit mix is comprised of 18 -spacious Studios and 3- 1 Bed/1 Bath units, all of which boast hardwood floors, 20's design archways, high ceilings, large kitchens, walk in closets, powder rooms, individual hot water heaters, & convenient storage lockers located in the basement. Current ownership has remodeled 6 of the Studios which includes new kitchens and finishes, and ordinarily now demand higher rents. The remaining 15 units have the same upside potential.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1929
Number of Buildings:
1
Number of Stories:
3

Location

County:
San Diego

Directions

5 to Laurel Street and South on 4th Avenue. Property on North East corner of Juniper & 4th Avenue.

Additional Details

Number of Units:
21
Number of Leased Apartments:
21
Number of Stories:
3
Total Monthly Rent:
$26,500
Price Per Unit:
$237,857
Down Payment:
$2,247,750
Fiscal Year:
17/18
Gross Equity:
$2,747,250
Existing Finance:
Conventional
SqFt of Improvement:
11,880
Lot Size:
.25 Acres or less
Lot Square Footage:
5,105
Assessors Parcel #:
533-192-05-00
Zoning:
R-3-Multip
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Disposals:
21
Units with Ranges:
21
Units with Refrigerator:
21
Exterior:
Front Sprinklers, Part Landscaped
Heating Equipment:
Wall
Roof:
Tar & Gravel
Laundry:
Owned

Unit Details

Unit 1
Number of Units:
18
Number of Baths:
1
Rent:
$1,214
Unit Rental Total:
$21,850
Unit 2
Number of Units:
3
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,550
Unit Rental Total:
$4,650

Features

Floor Coverings:
Hardwood
Construction Features:
Stucco
Laundry Utilities:
Owned

Listing provided by

Acre Investment Real Estate
Select a Point of Interest and Radius from the form above.
We're sorry, but no properties that meet this criteria are currently available.
Photo of Bankers Hill - Photo 1
Photo of Bankers Hill - Photo 2
Photo of Bankers Hill - Photo 3
Photo of Bankers Hill - Photo 4
Photo of Bankers Hill - Photo 5
Photo of Bankers Hill - Photo 6
Photo of Bankers Hill - Photo 7

Bankers Hill

Also known as Park West, Bankers Hill is an established uptown neighborhood in San Diego near Balboa Park. The neighborhood is primarily residential, with many homes that date from the late 19th century. Architects Irving Gill, William Hebbard, Richard Requa, and Frank Mead all have designed homes in the area. 

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.


Presented By
Presented By

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.