Friday, August 25, 2017

10 Units

10 Units
2 APNS

5471 -5489 Santa Margarita
San Diego, CA 92114

Owner open to an offer- But not low offer because "I am cash flowing like mad"

OLD MLS Notes.
10 detached cottages/houses in Encanto (Southeastern San Diego). 9 units have 2 bedrooms each with 2 tandem parking spaces behind. The 10th house is 3bedrm/2bath/2-storey with a 2-car garage and 1 parking space. Each unit has laundry hook-up in bathroom. Ideal for condo conversion. Property fenced all round and well kept with a driveway in the middle. Buyer verify all information


Additional Notes- Owner says 3 bed 2 bath house has a Bonus Room - Currently rented for $1750
Owners only supply  " Washer and dryer  hook ups"

Rents are estimated on Summary-  Low rent is 950 high is 1350
Currenty they  have an onsite manager who pays $550
 





Zoning is RM-2-5  = 1 per 1500- Should allow for 20 Units.
Lot is  30,323  (combined )

2 APNS 




Pics... Not yet.....