2481 Ulric St , San Diego, CA 92111
San Diego, CA 92111
Description
JUST REDUCED! Senior complex for 62+ and disabled residents. The existing conditional use permit will convey with the sale. There are no additional restrictions on rental income, other than standard CA rent control law. There is the possibility of adding 3 ADUs. There is a 320 SF recreation room. Large communal grassy yard. There have been two new construction developments in the last five years within three blocks of subject property; one on Fulton and one on Ulric. USD has made many improvements to their campus in the last decade, which has had a cascade affect improving the zip code. Walking distance to public transportation, a supermarket, other shopping, dining and services. Two 1/1 apartments are being used by the resident manager as a 2/2. Seller assumes that a door could be reinstalled to restore the two 1/1 units. One mortgage broker says it is possible to obtain a 6% interest only loan with a 1.15 debt coverage ratio: $3,685k downpayment and a $3,320k loan amount.
Details
| MLS# | 240012520SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 107 |
| Listing Provided By | Apartment Consultants Incorporated 619-299-3000 | Terry Moore |
Features
| Units | 36 |
|---|---|
| Building(s) | 1 |
| Acreage | 0.42 |
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92111 |
| Area | 92111 Linda Vista |
| Listing VS Median (in 92111) | |
Price: $7,005,000 low | high Med: $3,750,000 On Site: 107 low | high Med: 484.500000 | |