806-812 W Brookes Ave, San Diego, CA 92103

$2,500,000

$2,300,000 8.7%

Est. payment - /mo

8 Beds

4 Baths

750 SqFt

Video Tour

UPDATED:

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 750 sqft

Price per Sqft $3,333

Subdivision Mission Hills

MLS Listing ID 240026126

Bedrooms 8

Full Baths 4

Year Built 1958

Lot Size 6,255 Sqft

Type of Financing Assumable,Cash,Conventional,FHA,VA

Property Description

$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan @ 2.25%, seller financing, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently operating as a profitable short-term rental, making it a turn-key income-producing property. Ideal for investors or owner-occupiers looking to live in one unit while renting out the others. Property highlights include separate electric and gas meters, a shared water meter, and numerous recent improvements: new HVAC-ready electrical panels, resealed upper deck, fresh turf landscaping, refinished cabinets, new countertops, and durable vinyl flooring throughout. $180k+ in Seller Improvements. Don't miss your chance to own in Mission Hills, a high-demand, low-inventory neighborhood! Contact Agent for copy of Appraisal, Offering Memorandum, Seller Improvements List.
$2.4M Appraisal, Pro Forma, Offering Memorandum, Seller Improvement List, and ADU Feasibility Study all attached in documents section and available via Listing Agent contact.

Location

State CA

County San Diego

Community Mission Hills

Area Mission Hills (92103)

Building/Complex Name Complex

Zoning RM-3-7

Exterior

Exterior Feature Other/Remarks

Roof Type Other/Remarks

Building

Story 2

Others

Acceptable Financing Assumable, Cash, Conventional, FHA, VA

Listing Terms Assumable, Cash, Conventional, FHA, VA

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Listed by Keegan Wetzel • Real Broker
Bought with Keegan Wetzel • Real Broker

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities