OUR AGENTS' LISTINGS

1929 Columbia St
Metro Central San Diego 92101

$13,250,000 /736000.0
Com-Res Income 5,011 sq. ft.

Main Photo: Property for sale: 1929 Columbia St in San Diego
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
210024197
Wealth Accumulation has never been so beautiful with this architecturally daring ultra modern and sleek apartment building in the center of Little Italy; Downtown San Diego's hottest and most developing neighborhood! A world class asset surpassing every expectation for Southern California’s high-end real estate and truly a unique phenomenon anywhere in the globe, this penthouse is highly cultivated and detail rich, with sweeping views of the San Diego Bay and Pacific Ocean. Not only is it first in class, it also generates substantial income from the 17 apartment units to which it soars above. The offering is the ENTIRE building, which includes the nearly 7,000 sq. ft. penthouse (interior and exterior) in addition to 4 x 2 bedroom units, 12 x 1 bedroom units and a ground floor studio. While the building has verifiable income today, the possibilities are endless as entire floors can be adapted for other use types: convert a floor for employees’ office space, host out of town guests, run your own bed and breakfast, the options are truly endless!
Rental Amount:
57307
Price Per Unit:
736000.0
Total Floor Area:
5,011 sq. ft.
Lot Size:
5,227.2 sq. ft.
County:
San Diego
Market Area:
Metro Central
Number of Buildings:
1
Number of Units:
18
Unit Type:
Apartment
Cap Rate.:
3.34
Gross Multiplier:
18.62
Cash on cash:
3.34
Gross operating income:
690967
Gross scheduled income:
711598.0
Other income source:
Park, Etc.
Gas / Electric expense:
9000
Insurance F&L expense:
8560
Maintainance expense:
16200
Management expense:
20729
Taxes expense:
163736
Trash expense:
6000
Operating expense:
248087
Water/Sewer expense:
4320
Other expense:
19542
Total expenses:
248087.0
Projected Cap Rate.:
3.63
Projected Gross Multiplier:
17.63
Projected cash on cash:
3.63
Projected gross operating income:
729580
Projected gross scheduled income:
751414
Projected net Income:
480335
Projected other income:
23614
Projected Gas / Electric expense:
9000
Projected insurance F&L expense:
8560
Projected maintainance expense:
16200
Projected management expense:
21887
Projected operating expense:
249245
Projected other expense:
19542
Projected taxes expense:
163736
Projected trash expense:
6000
Projected Vacancy & Credit Loss:
21834.0
Projected Water/Sewer expense:
4320
Projected total expenses:
249245.0
Gross equity:
0
Motive / Want:
Sell
Financial Information Source:
Owner
Existing Financing:
Other/Remarks
Laurel to Columbia, E on Columbia, x Grape St, Building is on the Left
Listing Type:
Exclusive Agency (A)
Complex Features:
Elevator
Exterior Finish:
Fully Landscaped
Parking:
Garages
Number of Carports:
0
Total Parking Spaces:
9
Cooling:
Central Forced Air Elec
Heating:
Central Forced Air Elec
Laundry:
Owned
Construction Material:
Block, Stucco
Roof:
Other/Remarks
Floor finish:
Other/Remarks
Terms:
Cash, Owner May Carry 1st, Owner May Carry 2nd, Exchange Down, Exchange Up
Number of Units with Dishwashers:
18
Number of Units with Disposals:
18
Number of Units with Range/Oven:
18
Number of Units with Refrigerators:
18
Zoning:
COMMERCIAL
Parcel Number:
533-582-06-00
Number of Units in Unit 1:
1
Total Rent for Unit 1:
1500.0
Bedrooms for Unit 1:
0
Bathroom 1:
1.0
Number of Units in Unit 2:
12
Total Rent for Unit 2:
24782.0
Bedrooms for Unit 2:
1
Bathroom 2:
1.0
Number of Units in Unit 3:
4
Total Rent for Unit 3:
11025.0
Bedrooms for Unit 3:
2
Bathroom 3:
1.0
Number of Units in Unit 4:
1
Total Rent for Unit 4:
20000.0
Bedrooms for Unit 4:
3
Bathroom 4:
4.0
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    Living Room
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    Living Room
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    Living Room
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    Living Room
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    Dining Area
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    Dining Room
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    Exterior Front
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    Patio/Deck
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    Patio/Deck
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    Patio/Deck
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    Patio/Deck
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    Master Bedroom
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    Master Bedroom
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    Master Bath/Spa
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    Master Bedroom
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    Master Bedroom
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    Master Bedroom
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    Master Bedroom
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    Patio/Deck
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    Patio/Deck
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    Dining Area
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Data was last updated September 22, 2021 at 11:10 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$2,000,000
Min list price:
$609,000
Max list price:
$17,250,000
Avg days on market:
85
Min days on market:
5
Max days on market:
713
Avg price per sq.ft.:
$240.67
These statistics are generated based on the current listing's property type and located in Metro Central. Average values are derived using median calculations.
This 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 San Diego Multiple Listing Service, Inc. 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 © 2021 San Diego Multiple Listing Service, Inc.