5430 Lauretta

08-05-2022
08-06-2022

5430 Lauretta St, San Diego, CA 92110

•Classic 4-unit rental building with arched features, updated
   interiors, and ample parking.

• Property has value-add opportunities in rents, RUBS, laundry
   services, and garage rental.

• Professionally managed property with clean records and
   screened residents. 

• Unbeatable location in a highly walkable neighborhood.

Property Description

We are pleased to present the exclusive opportunity to acquire 5430 Lauretta St, a multi-family building comprised of 2 updated 2 BD/1 BA and 2 updated 1 BD/1 BA units ideally located in the heart of San Diego, CA. With excellent proximity to the prestigious University of San Diego, the entertainment districts of Old Town, Downtown San Diego, and sunny beaches in and around the Pacific Ocean and Mission Bay. This community is an attractive destination for University of San Diego students, vacationers, and business and urban professionals making it a unique opportunity for short-and long-term rentals alike.

 

Current owner and his family have cared for this property since it was built. It’s never been on the market!  Updates include new flooring, countertops, appliances, tub surrounds, blinds, and other fixtures. Exterior renovations include newer roof, new water heater, new plumbing, and extensive termite repairs and fumigation.  

 

Contact us today at (619) 483-1031 or RentalPropertyBroker.com  to learn more about this incredible opportunity to own a well-maintained apartment fourplex in the USD Area of San Diego.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
2 Bedroom 2 800 $ 1,880
1 Bedroom 2 650 $ 1,260

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
2-4 Units
Price
$ 1,950,000
No. of Units
4
Cap Rate
2.1%
GRM / GIM
25.9
Average Occupancy
100%
Year Built
1973
Year Renovated
2020
Building Size
2,880 Sq ft
Lot Size
5196 sq ft
No. of Stories
2
APN
436-361-16-00
Zoning Code
r4
No. of Parking Spots
7
Opportunity Zone
No
Price per unit
$ 487,500

Financial Details

Income/Expense Info
Pro Forma
Financial Year
2023
Gross Income
$ 108,000
Effective Gross Income
$ 113,400
Operating Expenses
$ 31,544
Net Operating Income
$ 77,320
Pre-tax Cashflow
$ 36,353
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