CA > San Diego
San Diego, CA 92111,2481 Ulric St
San Diego, CA 92111,2481 Ulric St
San Diego, CA 92111,2481 Ulric St
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$7,005,000
Est. payment /mo
0.42 Acres Lot
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UPDATED:

11/08/2024 02:16 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 240012520SD

HOA Y/N No

Lot Size 0.420 Acres

Property Description

JUST REDUCED! Senior complex for 62+ and disabled residents. The existing conditional use permit will convey with the sale. There are no additional restrictions on rental income, other than standard CA rent control law. There is the possibility of adding 3 ADUs. There is a 320 SF recreation room. Large communal grassy yard. There have been two new construction developments in the last five years within three blocks of subject property; one on Fulton and one on Ulric. USD has made many improvements to their campus in the last decade, which has had a cascade affect improving the zip code. Walking distance to public transportation, a supermarket, other shopping, dining and services. Two 1/1 apartments are being used by the resident manager as a 2/2. Seller assumes that a door could be reinstalled to restore the two 1/1 units. One mortgage broker says it is possible to obtain a 6% interest only loan with a 1.15 debt coverage ratio: $3,685k downpayment and a $3,320k loan amount.

Location

State CA

County San Diego

Area 92111 - Linda Vista

Interior

Fireplace No

Exterior

Total Parking Spaces 17

Others

Tax ID 4312401000

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California Regional MLS (CRMLS)
Listed by Terry Moore • Apartment Consultants Incorporated

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