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Property for sale: 322 S Pardee St in San Diego

322 S Pardee St San Diego

Main Photo: Property for sale: 322 S Pardee St in San Diegobanner
$1,525,000 /305000.0
Prop. Type:
Com-Res Income
MLS® Num:
250025070
Status:
Active
Year Built:
2021
Proud to present 322 S Pardee St, a unique opportunity to own an extremely low maintenance high-yielding 5-unit investment property in the Mountain View submarket. This property features four (4) brand new construction 1bed/1bath apartments and a meticulously renovated 2bed/1bath front house. The newly constructed units are exempt from AB 1482 rent control restrictions for the next 15 years. Each unit is equipped with modern conveniences like central HVAC, in-unit washers and dryers, luxury vinyl flooring, and stainless steel appliances, catering to today’s renters who value comfort and efficiency. Each of the four 1bed/1bath units are identical 490 square-foot floor pans while the front house consists of a spacious 760 square foot layout with a private yard and tandem parking. The property is conveniently located in south central San Diego, with easy access to the Interstate 15 freeway, and just a 10 minute commute to downtown. Residents enjoy ample recreational spaces like the 11-acre Mountain View Park, Willie Henderson Sports Complex, and the Mountain View/Beckwourth Branch Library, offering community programs for all ages. This area provides a balanced mix of accessibility and neighborhood charm.
Rental Amount:
10075
Price Per Unit:
305000.0
County:
San Diego
Market Area:
Metro Central
Number of Buildings:
2
Number of Units:
5
Num Stories:
2
Year Built:
2021
Cap Rate.:
5.5
Gross Multiplier:
12.6
Cash flow:
16083.0
Gross operating income:
117273
Gross scheduled income:
120900.0
Other income source:
RUBS
Operating expense:
32841
Projected Cap Rate.:
6.0
Projected Gross Multiplier:
11.8
Projected cash flow:
25808.0
Projected gross operating income:
124,839
Projected gross scheduled income:
128,700
Projected net Income:
91998
Projected other income:
4500
Projected operating expense:
32841
Gross equity:
0
Motive / Want:
0
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Parcel Number:
546-171-13-00
Number of Units in Unit 1:
1
Unit 1 Furnished:
0
Total Rent for Unit 1:
2400.0
Bedrooms for Unit 1:
2
Bathroom 1:
1.0
Number of Units in Unit 2:
3
Unit 2 Furnished:
0
Total Rent for Unit 2:
5400.0
Bedrooms for Unit 2:
1
Bathroom 2:
1.0
Number of Units in Unit 3:
1
Unit 3 Furnished:
0
Total Rent for Unit 3:
1900.0
Bedrooms for Unit 3:
1
Bathroom 3:
1.0
Listed by JLM Real Estate Inc
Data was last updated May 1, 2025 at 05:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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