2481 Ulric St Active

San Diego,CA 92111

$ 7005000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240012520

Lot Size 0.420 Acres

Acres 0.42

Property 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.

Location

State CA

County San Diego

Area Linda Vista (92111)

Exterior

Total Parking Spaces 17

Building

Story 2

Lot Size Range .25 through .50 Acres

Others

Space Rent $492,900

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