1334-1336 Dale St.

    San Diego, CA 92102
    • $929,000
    • STATUS: ACTIVE
    • ON SITE: 82 days
    • ID#: 180060022
    UPDATED: 32 min ago
    $929,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,054
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    This is an amazing opportunity for either an investor or someone who wants to purchase and use it as their residence, while renting out the other space. This charming Victorian has been meticulously maintained throughout the years and features modern upgrades, such as tank-less water heaters and dual pane windows throughout. This duplex was originally built as a SFR, but was converted for military housing. It is a great opportunity for someone who wants to get into this awesome neighborhood for under $1m! For Investors - Both residences are currently tenant occupied. The bottom residence (1336 Dale Street) is bringing in $2,150 per month. The existing tenant is month to month and has lived there for 2 years now. The top residence (1334 Dale Street) was just re-leased for $2,300 per month. The current rent totals $4,450 with upside potential on the ground level residence. 1336 Dale is the larger of the two homes and market rent is estimated to be somewhere around $2,400 per month.The owner stated that he has had very low vacancy rates and has never had an issue renting out the property quickly. This location is highly desirable and continues to improve. For Owner/Users - This is a great opportunity for you to live in the downstairs unit and keep a tenant in the upstairs portion. With 20% down, the difference between the current rent and the mortgage payment, property taxes and insurance would be approximately $2,650. You could then capitalize on the tax savings from the interest and property taxes paid. In the future, if you wanted to expand into a larger space, you would be able to easily convert this duplex back into a single family home. You would have a nice home in a great location where single family options of this size tend to run $1,100,000+. There are so many amazing opportunities with this property!

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    This 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 San Diego MLS. 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.whisselrealty.com/homes/88902757

    1334-1336 Dale St. San Diego, CA 92102

    • Price: $929,000
    • Status: ACTIVE
    • Updated: 32 min ago
    • ID#: 180060022
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,054
    SQFT
    $452
    $/SQFT
    1916
    Built
    Neighborhood:
    South Park
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    This is an amazing opportunity for either an investor or someone who wants to purchase and use it as their residence, while renting out the other space. This charming Victorian has been meticulously maintained throughout the years and features modern upgrades, such as tank-less water heaters and dual pane windows throughout. This duplex was originally built as a SFR, but was converted for military housing. It is a great opportunity for someone who wants to get into this awesome neighborhood for under $1m! For Investors - Both residences are currently tenant occupied. The bottom residence (1336 Dale Street) is bringing in $2,150 per month. The existing tenant is month to month and has lived there for 2 years now. The top residence (1334 Dale Street) was just re-leased for $2,300 per month. The current rent totals $4,450 with upside potential on the ground level residence. 1336 Dale is the larger of the two homes and market rent is estimated to be somewhere around $2,400 per month.The owner stated that he has had very low vacancy rates and has never had an issue renting out the property quickly. This location is highly desirable and continues to improve. For Owner/Users - This is a great opportunity for you to live in the downstairs unit and keep a tenant in the upstairs portion. With 20% down, the difference between the current rent and the mortgage payment, property taxes and insurance would be approximately $2,650. You could then capitalize on the tax savings from the interest and property taxes paid. In the future, if you wanted to expand into a larger space, you would be able to easily convert this duplex back into a single family home. You would have a nice home in a great location where single family options of this size tend to run $1,100,000+. There are so many amazing opportunities with this property!
    Exterior Features

    Exterior Wood Fencing FullGate Frontage Other/Remarks Irrigation Automatic Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Gated Parking Non Garage Desc Unit2 Gated Pool N/K Pool Heat None Known Roof Composition Site Cul-De-SacPublic Street Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2 View Evening Lights

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment FireplaceForced Air Unit Heat Source Electric Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 0 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0 Water Heater Type Tankless

    Property Features

    Actual Cap Rate 5.7 Age Restrictions N/K Annual Expense Actual 14202 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community San Diego Complex Features Laundry Facilities Complex Park Na Cross Streets Ash Gross Rent Multiplier Actual 17.4 Gross Rent Multiplier Project 16.47 Gross Scheduled Income Actual 53400 Gross Scheduled Income Project 56400 Home Owners Assoc Fee Includes N/K Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Central Miscellaneous N/K Monthly Total Fees 0 Other Fee Type N/K Other Fees 0 Other Income Actual 0 Pets Yes Possession Close Of Escrow Projected Cap Rate 6.1 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial)Wired High Speed Internet Tenant Pays ElectricityGas/PropaneHot Water Terms CashConventionalVa Unit Number For Unit1 1334 Unit Number For Unit2 1336 Unit1 Deposit 2000 Unit1 Occupied Tenant Unit1 Rent Actual 2300 Unit2 Deposit 2200 Unit2 Occupied Tenant Unit2 Projected Rent 2400 Unit2 Rent Actual 2150 Water Meter On PropertyOther/Remarks Water District City Of San Diego Zoning R-2

    Listing provided courtesy of Windermere Homes & Estates. Listing information © 2019 San Diego MLS, Inc.
    This 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 San Diego MLS. 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    eXp Realty of California - CA DRE# 01878277
    3180 University Ave, Suite 600
    San Diego CA, 92104