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4624 51st

SOLD

4624-26 51st

Talmadge

$1,175,000

Property Description

Featuring three homes on one lot in the highly desirable neighborhood of
Talmadge. Superior unit mix, rarely available in the community. All homes
have private yards, patios, storage sheds, parking and laundry. Property
has been well maintained and updated extensively under current
ownership. All homes were fumigated in past two years. Two water meters
on the lot. Possibility of selling townhouse separately. Great opportunity
for investors or owner-occupants to offset mortgage payments by living in
one and renting other two!!!
The 3BR / 2BA front house is appx. 1,100 SqFt. It features a front lawn
and succulent garden, private driveway and storage shed, W/D in unit, and
a covered patio leading out to a private back yard. Extensively remodeled
including but not limited to roof, windows, flooring, interior paint, and
appliances.
The 3BR / 2.5BA two-story townhome is appx. 1,400 SqFt and was built in
1986. It features an attached two-car garage and an additional off-street
parking space. A covered patio leads to the private back yard. Numerous
upgrades over past few years include but are not limited to roofing,
windows, flooring, lighting, interior/exterior paint, and appliances.
The 1BR / 1BA cottage is appx 420 SqFt. This was a garage conversion
prior to current ownership. It has one off-street parking space in front of
the unit. A well landscaped private backyard featuring a Podocarpus tree,
storage shed, and covered patio give the unit a very secluded feel. The
cottage features a skylight and ceiling fans. Upgrades include but are not
limited to new roof and solar attic fan, interior paint, electric heating and
cooling system and private laundry.

Contact Agent

Eric Feldman

619-846-2383

Investment Summary

Property Location

SOLD

$1,175,000

Property Type

Multifamily

Price/Unit

$416K

Units

Unit Mix

3

3bd/2.5ba + 3bd/2ba + 1bd cottage

Price/Sq Ft

$476

NOI

$75,000

CAP

GRM

Sq Ft

Current

4.3

16.5

Imp

2,623

Year Built

1986

4624-26 51st

Proforma

5.2

14.4

Land

6,637

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COMPLIMENTARY INVESTMENT CONSULTATION

Call us. We are here to help.

Alexio (760) 419-1343  |  Adrian (858) 735-9977

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The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction.

South Coast Commercial, INC DRE# 01846358 | Gonzalez and Barbara Group DRE# 01992393

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