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619-354-6888
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property-detail

property-detail

property-detail

5101-5111 Towle Court, San Diego, CA 92105

$9,120,000 LOGIN TO SAVE

5101-5111 Towle Court, San Diego, CA 92105
Bedrooms: 0
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Bathrooms: 1
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Area: 0 SqFt.

    Description


    The Royal Apartments feature 48 approximately 365 sq ft studio apartments built between 1963 and 1965 situated on two parcels totaling approximately 45,537 sq ft. The property features 44 parking spaces, a pool, laundry facilities, and consists of two buildings with pitched roofs. One of the units is used as an onsite office, there was a recent large landscaping project completed, many of the tenants are long term, and all tenants are month to month. There is more than 64% upside in the current rents. The units feature a mix of faux wood, vinyl plank, and carpeted flooring and some bathrooms have been remodeled. Large cabinets separate the living and sleeping areas in the units. Routine maintenance has been performed during long term ownership but there is a great opportunity for value add for a new owner. There is assumable financing at 2.84% fixed for 3 more years or buyer to purchase free and clear by paying seller's prepayment penalty.

    Features

    ​​​​​​​
    • 1.05 Acres
    • 2 Stories
    • Number of Units: 48
    • Price Per Unit: 190000
    • SqFt of Improvement: 17376

    Natalie Klinefelter

    Broker/Owner
    CABRE# 02037944
    Address:
    2305 History Decatur Rd. #100
    San Diego, CA 92106
    Office:
    619-354-6888
    By submitting this form with your telephone number, you are consenting for Natalie Klinefelter and authorized representatives to contact you even if you are on the federal "Do-not-call List."
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    Contact Us

    619-354-6888

    2305 History Decatur Rd. #100
    San Diego, CA 92106

    Info@TheLegacyRECo.com

    The Legacy Real Estate Co.

    CADRE#: 02037944

    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 Sandicor®. 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. A Compilation © 2017 Sandicor®, Inc.
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