Photo of Bob and Kathy Angello

Bob and Kathy Angello

DRE# 00363809,01234973

858.775.9100

DRE# 00363809,01234973



$6,000,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180057813

Description

We are pleased to present the Seven Unit Luxury Apartments. The property is situated in Bankers Hill just minutes from Downtown, Little Italy, Hillcrest, Old Town, Beaches and major freeways. The Seven Unit Luxury Apartments is comprised of (6) 2Bedroom/2Bath units and a 3Bedroom/2.5bath Penthouse (approx. 3,300 SF). The 3rd Floor Penthouse (owners unit) features an open floor plan with a large kitchen, fireplace, walk-in closets, dual balconies, built in BBQ, its's own w&d, private fire access, built in bar, and panoramic views of the bay, Downtown, Point Loma and La Jolla. The 2Bedroom units feature identical views with private balconies and are approx. 1,100+ SF. The property has been meticulously well managed and is a pride of ownership that has been in the family for years. The property is a rare opportunity with little to no buildings comparable, or identical to the Seven Unit Luxury Apartments. The property has been under managed and has potential to increase rents immediately.

Property Details

Property type:
Commercial-Res Income

Location

County:
San Diego

Additional Details

Number of Units:
7
Price Per Unit:
$857,142
Down Payment:
$6,000,000
Gross Equity:
$6,000,000
SqFt of Improvement:
10,170
Assessors Parcel #:
533-152-07-00

Unit Details

Unit 1
Number of Units:
5
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$1,880
Unit Rental Total:
$9,400
Unit 2
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
2
Unit 3
Number of Units:
1
Number of Bedrooms:
3
Number of Baths:
3

Listing provided by

South Coast Commercial, Inc.
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Bankers Hill

Also known as Park West, Bankers Hill is an established uptown neighborhood in San Diego near Balboa Park. The neighborhood is primarily residential, with many homes that date from the late 19th century. Architects Irving Gill, William Hebbard, Richard Requa, and Frank Mead all have designed homes in the area. 

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.


Presented By
Bob and
Kathy Angello

DRE# 00363809,01234973

858.775.9100

Email Us
Presented By
Bob and
Kathy Angello

DRE# 00363809,01234973

858.775.9100

Email Us

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.