Pending
2481 Ulric St
San Diego CA, 92111
$7,005,000
Pending
Commercial
Listed by Terry Moore with Apartment Consultants Incorporated 619-889-1031
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.
240012520SD
MLSⓇ ID
June 3, 2024
Listed
December 5, 2024
Updated
Map
2481 Ulric St
San Diego CA, 92111
Interior Features
Fireplace
No
Cooling
Yes
Heating
No
Exterior/Building Features
Lot Size
0.42 Acres
Other Property Details
Area Name
92111 - Linda Vista
Days on Market
157
Garage
No
Parking Total
17
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/8/2024 | Pending | — |
8/12/2024 | Price change | $7,005,000 -6% |
Listing Contact: 619-299-3000
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Data last updated on 12/5/2024 at 12:13 PM UTC