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3966 Teak Street

San Diego, CA 92113
  • $1,490,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 250020377SD
$1,490,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Jordan Concepcion of Apartment Realty Group (ARG) (619-222-9500)


Description

5 CASH FLOWING UNITS! 5.83% and 11.74 GRM on CURRENT INCOME. Potential Creative Financing (inquire w/ listing agent). Excellent low maintenance property in a strong rental market! Front 2br/1bt cottage lives like a SFR w/ no shared walls, laundry, and outdoor space. Back building has 4 1bd/1bt units and front detached cottage 2bd/1bt. Roof has recently been replaced and all units have A/C and tankless water heaters. The property has recently upgraded units, low expenses due to updated systems (back roof, tankless water heaters), low maintenance landscaping, and detached 2br cottage provides an excellent opportunity for a buyer to live in front and rent out back or have solid rental property with sound fundamentals.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T00:26:55.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/161031961
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3966 Teak Street San Diego, CA 92113

  • Price: $1,490,000
  • Status: Active
  • On Site: 12 Days
  • ID#: 250020377SD
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
Neighborhood:
Logan Heights
County:
San Diego
Area:
92113 - Logan Heights
Property Description
5 CASH FLOWING UNITS! 5.83% and 11.74 GRM on CURRENT INCOME. Potential Creative Financing (inquire w/ listing agent). Excellent low maintenance property in a strong rental market! Front 2br/1bt cottage lives like a SFR w/ no shared walls, laundry, and outdoor space. Back building has 4 1bd/1bt units and front detached cottage 2bd/1bt. Roof has recently been replaced and all units have A/C and tankless water heaters. The property has recently upgraded units, low expenses due to updated systems (back roof, tankless water heaters), low maintenance landscaping, and detached 2br cottage provides an excellent opportunity for a buyer to live in front and rent out back or have solid rental property with sound fundamentals.
Exterior Features

Parking Total 0 Roof Composition Spa YN No View YN No

Interior Features

Cooling None Cooling YN No Heating YN Yes

Property Features

Association Fee 0 Cap Rate 5.3 Gross Scheduled Income 124560 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventional Net Operating Income 84465 Senior Community YN No Tenant Pays ElectricityGas



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T00:26:55.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Jordan Concepcion of Apartment Realty Group (ARG) (619-222-9500)