2481 Ulric St
San Diego, CA 92111
$425,000.00 (-5.72%)
Pending for $7,005,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 18,308 sqft
| MLS | 240012520SD |
| Year Built | |
| Property Type | Mixed Use |
| County | San Diego |
| Status | Pending |
| Pending | $7,005,000 |
| Structure Size | N/A sqft |
| Lot Size | 18,308 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Terry Moore, Apartment Consultants Incorporated 619-889-1031. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Celine Kash
REALTOR®
Direct: 818.521.8915
Email: Email Me
DRE: 02180152
DRE #01873088
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