4156 - 4162 Swift Avenue North Park (San Diego, California, US - 92104) Built

$1,395,000
GREAT 4-UNIT INVESTMENT PROPERTY IN NORTH PARK!

VanHutchHomes & Associates, Brokered By Big Block Realty

Christopher Hutchinson Christopher Hutchinson 619-987-4478 (Office) 619-987-4478 (Cell) 619-923-3147 (Fax) Request More Info

  • FULLY TENANT OCCUPIED!
  • Type: Multifamily
  • Style: Multiplex
  • Bedrooms: 9
  • Bathrooms: 5
  • Garage: 4-Stalls, Attached
  • Size: 3,284 sq. ft.
  • Development Level: Built
  • Lot Size: 7013 sq. ft.
  • MLS #: 180028490

Description

AVAILABLE FOR SALE! Great 4-Unit Investment Property listing by Christopher Hutchinson, by VanHutchHomes & Associates, Brokered By Big Block Realty


Exceptional 4-Unit Investment Property In North Park, That Is Fully Tenant Occupied & Offers 4 Garages!


PROPERTY ADDRESS:
4156 - 4162 Swift Avenue, San Diego, CA 92104


MLS NUMBER:
180028490


PROPERTY DESCRIPTION:
Resting on a spacious 7,013 square foot lot in desirable North Park, this well maintained 4 unit investment property offers:

- ONE: 3 bedroom, 2 bathroom unit (Approximately 1,027 square feet) (Built in 1931)

- THREE: 2 bedroom, 1 bathroom units (Each unit a approximately 752 square feet) (Built in 1958)

- FOUR: Large garages off the alley in the rear of the property (Approximately 1,320 square feet, including laundry and storage rooms) (Built in 1958)

- ONE: Laundry room with coin operated washer & dryers, professionally managed by a independent company (no long term contract)

- ONE: Water Meter for all units

- FOUR: Separate Gas and Electric Meters for each unit (In addition, each tenant manages and pays their own cable/internet/phone service)


Listed below is a detailed breakdown of what each unit offers:

4162 SWIFT (FRONT HOUSE / UNIT #1):

BEDROOMS:
- 2 bedrooms

BATHROOMS:
- 1 Bathroom

MONTHLY RENT:
- Monthly Rent: $1,400 (includes garage)
- Below market - long term Tenant (14 years)
- Projected Rent: $2,200 or $2,800 including 4162 1/2 back sub unit

UTILITIES:
- Reduced rent because Tenant pays for Gas and Electric for their unit and back sub unit

GARAGE:
- Unit rented with a 1 car garage - No extra Garage fee for Tenant

YARD:
- Front House has its own private front and side yard

FLOORING:
- Original hardwood floors underneath existing carpet

ROOF:
- Approximate 18 year old composition shingle roof
- In 2016, all roofs were inspected and maintained as needed

BUILDING EXTERIOR:
- Easy, low maintenance Stucco, recently painted in 2013


4162 1/2 SWIFT (ROOM RENTED BY SEPARATE TENANT IN FRONT HOUSE WITH ITS OWN ENTRANCE - FRONT HOUSE / UNIT #1):

BEDROOMS:
- 1 Bedroom

BATHROOMS:
- 1 Bathroom

MONTHLY RENT:
- Monthly Rent: $400
- Below market - long term Tenant (8 years)
- Projected Rent: $600 or $2,800 including 4162 front house

UTILITIES:
- Gas and Electric Utilities included (see 4162 above)

GARAGE:
- Unit not being rented with a Garage

YARD:
- Share a community courtyard

FLOORING:
- Possible hardwood floors underneath existing carpet

ROOF:
- Approximate 18 year old roll roofing
- In 2016, all roofs inspected and maintained as needed

BUILDING EXTERIOR:
- Easy, low maintenance Stucco, recently painted in 2013


4156 SWIFT (DETACHED - GROUND FLOOR UNIT BEHIND 4162 SWIFT / UNIT #2):

BEDROOMS:
- 2 Bedrooms

BATHROOMS:
- 1 Bathroom

MONTHLY RENT:
- Monthly Rent: $1,050 (includes garage)
- Below market - long term Tenant (26 years)
- Projected Rent: $1,700

UTILITIES:
- Reduced rent because Tenant's Gas Hot Water Heater is shared with Laundry room. Tenant pays their own Electric

GARAGE:
- Unit rented with a 1 car garage - No extra Garage fee for Tenant

YARD:
- Share a community courtyard

FLOORING:
- Flooring underneath existing carpet unknown

ROOF:
- Newer torch down roof installed in 2008
-In 2016, all roofs inspected and maintained as needed

INTERIOR CEILING:
- Unit offers a gorgeous wood cathedral ceiling throughout

BUILDING EXTERIOR:
- Easy, low maintenance Stucco & Concrete Block exterior, recently painted in 2013



4158 SWIFT (UPSTAIRS UNIT ABOVE GARAGES / UNIT #3):

BEDROOMS:
- 2 Bedrooms

BATHROOMS:
- 1 Bathroom

MONTHLY RENT:
- Monthly Rent: $1,100 (includes garage)
- Below market - long term Tenant (7 years)
- Projected Rent: $1,700

UTILITIES:
- Tenant pays for Gas and Electric

GARAGE:
- Unit rented with a 1 car garage - No extra Garage fee for Tenant

YARD:
- Share a community courtyard

FLOORING:
- Original hardwood floors underneath existing carpet

ROOF:
- New 30 year, composition shingle roof installed in 2016

INTERIOR CEILING:
- Unit offers a gorgeous wood cathedral ceiling throughout

BUILDING EXTERIOR:
- Easy, low maintenance Stucco & Concrete Block exterior, recently painted in 2013


4160 SWIFT (UPSTAIRS UNIT ABOVE GARAGES - REMODELED IN 2017 / UNIT #4):

BEDROOMS:
- 2 Bedrooms

BATHROOMS:
- 1 Bathroom

MONTHLY RENT:
- Monthly Rent: $1,550 (includes garage)
- Near market - newer Tenant (6 months)
- Projected Rent: $1,700

UTILITIES:
- Tenants pay for Gas and Electric

GARAGE:
- Unit rented with a 1 car garage - No extra Garage fee for Tenant

YARD:
- Share a community courtyard

INTERIOR REMODEL 2017:
- New modern Kitchen and Bath upgrades.
- Newly refinished Hardwood Floors throughout

ROOF:
- New 30 year, composition shingle roof installed in 2016

INTERIOR CEILING:
- Unit offers a gorgeous wood cathedral ceiling throughout

BUILDING EXTERIOR:
- Easy, low maintenance Stucco & Concrete Block exterior, recently painted in 2013


MORE INFO:
Contact Christopher Hutchinson, Listing Agent with VanHutchHomes & Associates at 619-987-4478 for more info about this property today!

Attachments

P2#278858793
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Information is deemed to be correct but not guaranteed.