Address
3137-3143 Valle Ave. San Diego, CA
Price
$ 1,890,000
Property Attributes
  • MLS#210010520
  • TypeIncome
  • CountySAN DIEGO
  • CitySan Diego
  • AreaMetro Central
  • NeighborhoodMetro Central
  • Zip92113
  • Style
  • Price$ 1,890,000
  • Bedrooms15
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage5683
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Acre Investment Real Estate
Data Source:
San Diego MLS
Property Description

Approximately 20%+ upside in rental income. The Valle Avenue Apartment Homes is an excellent 5 unit cash flowing investment property in San Diego. An opportunity exists to add up to 4 ADUs on site (9 potential units). This is an attractive property located in Logan Heights, which is about 3.5 miles from Downtown. The property consists of 4 detached buildings spread out on a large double lot totaling 14,068 sq. ft. The majority of units have been meticulously renovated throughout and have record setting rents for the neighborhood. The unit mix consists of (1) 4-Bed/3-Bath Detached House, (1) 3-Bed/2.5-Bath Town-Home, (1) 3-Bed/1.5- Bath Town-Home, (1) 3-Bed/2-Bath Detached Unit connected to the garages, and (1) 2-Bed/1-Bath Detached House all totaling approximately 5,683 sq. ft. There are 12 on-site parking spaces and (3) single car garages. Each unit has its own laundry hooks-ups and equipment. Unit upgrades include stainless steel appliances, granite counter tops, new light fixtures, recessed lighting, hardwood floors, plank flooring, dimmer switches, new cabinets, soft close drawers, high quality doors, wood beams, improved hardware, dishwashers, tailor made crown molding, 2 inch blinds, two toned paint, and insulation of interior walls. There is also added shelving, high end closet doors, walk-in closets, USB charging ports, bathroom & shower tiles, and many one off handmade unit accessories. Property upgrades include dual paned windows, sliding glass doors, custom fencing, security gates, concrete work, custom woodwork, and low maintenance landscaping.

Price History
4/22/2021 Listed $1,945,000
5/12/2021 3% - $1,890,000

General Features

# Of Units (1) 1
# Of Units (2) 1
# Of Units (3) 1
# Of Units (4) 1
# Of Units (5) 1
Construction Brick, Drywall, Frame, Stucco
Cooling Wall/Window
Heating Wall
Laundry Y/N Owned
Parking Garages, RV Parking, Spaces
Roof Composition
Sale/rent For Sale
Special Rent Control
Stories 1 Story, 2 Story
Tenant Pays Electric Yes
Tenant Pays Gas Yes
Tenant Pays Water No
Terms Cash, Cash to New Loan, Exchange Down, Exchange Up
Total Units 5
Unit Type Apartment
Zoning RM-1-1

Interior Features

# Of Units W/disposals 5
# Of Units W/garage 3
# Of Units W/ranges 5
# Of Units W/refrigerator 5
Baths in Unit 1 3.0
Baths in Unit 2 2.5
Baths in Unit 3 1.5
Baths in Unit 4 1.0
Baths in Unit 5 2.0
Bedrooms in Unit 1 4
Bedrooms in Unit 2 3
Bedrooms in Unit 3 3
Bedrooms in Unit 4 2
Bedrooms in Unit 5 3
Floor Covering Hardwood, Tile, Vinyl
Floors Slab, Wood
Units w/Dishwashers 5

Exterior Features

Exterior Cable Available, Part Landscaped, RV Parking, Wood Fence, Wood Deck
Lot Size Area .25 through .50 Acres
Number of Buildings 4
Total Parking 12

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92113

Price
AVG $1.74M
$1.89M
Visits
AVG 87
112
Walkscore
AVG 75
78
Data Provided by Walkscore ® not using MLS data

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