Active
2481 Ulric St
San Diego CA, 92111
$7,005,000
Active
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
October 17, 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
103
Garage
No
Parking Total
17
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
8/12/2024 | Price change | $7,005,000 -6% |
Listing Contact: 619-299-3000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 9:52 AM UTC