OUR AGENTS' LISTINGS

3553 Landis St
Metro Uptown San Diego 92104

$1,464,000
2-4 Units 9,362 sq. ft. built: 1987

Main Photo: NORTH PARK Property for sale: 3553 Landis St in San Diego
Photo 1: NORTH PARK Property for sale: 3553 Landis St in San Diego
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
200017103
Year Built:
1987
Can you say Cash Cow in the perfect pasture of North Park?! Excellent bread & butter units on huge lot w great off street parking (9), right in the heart of ever improving Cherokee Point (formerly known as North Park Wineglass). Two units just recently vacated so great opportunity to move to market rent. However, the projected listed here is based on current CA rent caps! Seller is NOT doing 1031 so no strings attached & can act quickly! Neighborhood is central & in solid mixed rental & Owner Occ market!
Total Floor Area:
9,362 sq. ft.
Lot Size:
7,500-10,889 SF
Lot Size:
0.21 acre(s)
Number of Buildings:
1
Number of Units:
4
Year Built:
1987
Stories:
2 Story
Total Stories:
2
Market Area:
Metro Uptown
Community:
NORTH PARK
County:
San Diego
Neighborhood Code:
Cherokee Point
Name of Complex/Subdivision:
Landis Canyon
Home Owner Fees:
0.0
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Electricity, Gas/Propane
Other income:
0
Annual expense actual:
19507
Cap Rate.:
5.19
Gross Rent Multiplier:
15.33
Projected Gross Rent Multiplier:
14.45
Gross scheduled income:
96120
Projected gross scheduled income:
102000
Unit Number for Unit 1:
A
Finished Area for Unit 1:
920 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2000.0
Total Rent for Unit 1:
1995.0
Projected Rent for Unit 1:
2120.0
Total Garage Spaces for Unit 1:
0
Parking for Unit 1:
Uncovered
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Common
Unit Number for Unit 2:
B
Finished Area for Unit 2:
920 sq. ft.
Bedrooms for Unit 2:
3
Number of bathrooms for Unit 2:
2
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
2300.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
2300.0
Total Garage Spaces for Unit 2:
0
Parking for Unit 2:
Uncovered
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Common
Unit Number for Unit 3:
C
Finished Area for Unit 3:
920 sq. ft.
Bedrooms for Unit 3:
3
Number of bathrooms for Unit 3:
2
Full Bathrooms for Unit 3:
2
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2300.0
Total Rent for Unit 3:
0.0
Projected Rent for Unit 3:
2300.0
Total Garage Spaces for Unit 3:
0
Parking for Unit 3:
Uncovered
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Common
Unit Number for Unit 4:
D
Finished Area for Unit 4:
920 sq. ft.
Bedrooms for Unit 4:
3
Number of bathrooms for Unit 4:
2
Full Bathrooms for Unit 4:
2
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
1650.0
Total Rent for Unit 4:
1974.0
Projected Rent for Unit 4:
2098.0
Total Garage Spaces for Unit 4:
0
Parking for Unit 4:
Uncovered
Unit 4 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 4:
Common
Property was rehabbed when current owner purchased and probably needs a little fluff and love, but overall in good condition. New waterheater being installed. Old roof was torn off and new one put in 5 - 7 years ago. Copper supply lines were replaced by current owner. Greatyard space shared by all tenants. Two of the units have deck/balcony and property has excellent rental history. An out of area opportunity forseller is spurring the sale but it will not require a 1031. Call Listing Agent for details!
35th St
School District URL:
https://www.sandiegounified.org/
Elementary School:
San Diego Unified School District
Elementary School URL:
https://www.sandiegounified.org/
Middle School:
San Diego Unified School District
Middle School URL:
https://www.sandiegounified.org/
High School:
San Diego Unified School District
Site Influences:
Alley Access, Sidewalks, Street Paved
Complex Features:
Laundry Facilities
Exterior Features:
Stucco
Directions:
From University Ave go South on 36th and West on Landis St.
Cooling:
None
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Irrigation:
Sprinklers
Number of Units with Cooling:
0
Number of Units with Dishwashers:
4
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
2
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Pool:
N/K
Spa:
N/K
Roof:
Composition
RV Parking:
None Known
Sewer Septic:
Sewer Connected
Water district:
CITY OF SAN DIEGO
Water Heater Type:
Gas
Water supply:
Meter on Property
Boat Facilities:
No/Unknown
Security:
N/K
Fencing:
Full
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, FHA, VA
Assessments:
Yes/Remarks
Jurisdiction:
Incorporated
Parcel Number:
447-641-29-00
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Larger map options:
Data was last updated May 29, 2020 at 01:10 AM (UTC)
Area Statistics
Listings on market:
68
Avg list price:
$1,022,500
Min list price:
$489,000
Max list price:
$2,949,900
Avg days on market:
46
Min days on market:
2
Max days on market:
168
Avg price per sq.ft.:
$182.52
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.