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$11,750,000
Est. payment /mo
27,168 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 27,168 sqft
Price per Sqft $432
MLS Listing ID 250031535
Property Sub-Type Com-Res Income
Property Description
We are proud to present Plymouth Heights - 380 Plymouth Drive. This 32-unit apartment community was built in 1986 and sits on a 63,000 SF Lot. The property contains (19) 950 SF 2bed/2bath units, (13) 750 SF 1bed/1baths units, 32 covered carports, and 19 open parking spaces. This is a significant value-add opportunity with upside in the current rents. Very attractive $7,300,000 assumable 1st trust deed with 10 years remaining on a fixed and interest only rate of 5%. This is truly a one-of-a-kind asset considering the well above average unit size and excellent design of the original builder. Since its construction in 1986 the property has been meticulously maintained and cared for, which is evident by tenants who feel a sense of community and tend to stay long term. Recently, major systems upgrades include but are not limited to resealing of balconies and installation of new Roof underlayment and new tiles and the removal of a pool which saves a tremendous amount of water plus removes the liability for reduced insurance premiums.
Location
State CA
County San Diego
Area North County
Zoning R-3:RESTRI
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 163-280-28-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250031535
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Listed by Abe Peay Bridgepoint Realty Inc
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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