36 UNIT MULTIFAMILY COMPLEX | 5275 MONROE AVE., SAN DIEGO, CA 92115
FOR SALE
36 Unit Multifamily Complex
5275 Monroe Ave, San Diego, CA 92115
INVESTMENT HIGHLIGHTS
List price is $7,200,000
- This 36 unit garden style multifamily complex comprises of seven 2 story apartment buildings, garages with central courtyard landscape and open spaces
- Historic California spanish architecture
- Landlord pays trash and water
- Tenant pays Gas and electric
- 3 separate laundry buildings have outside service company managed washer and dryer
- Other structures include storage and maintenance buildings
- Property is gated
- All apts have front and rear entrance
- In the Mid City area and walking distance to the Colina Del Sol Park
- Spectacular open space for a quiet lifestyle rarely offered
- Located near San Diego State Unitversity
- Minutes from I-15 freeway
- Assessor’s Parcel Number 472-022-15
- Land Size 1.74 Acres
- Building Size 29,970 SF (per client information), 7 Apt Buildings
- Apartment Mix All 2 bedroom – 1 bathroom ranging in size from 825 SF per unit to 870 SF per unit
- Parking 3 separate garage buildings (21 single car spaces) plus 24 Outdoor spaces
DUE DILIGENCE INFORMATION AVAILABLE IS:
- Title Report
- Tenant Leases
- Financial Statements from 2015 through October 31st, 2019
SALE INFORMATION
- 45 day escrow
- A notice of proposed action will be required for confirmation of sale
- Property sold in As Is condition
- Buyer to deposit 3% of the purchase price into escrow, balance at closing
- The accepted offer is subject to the notice of proposed action of the trustee
- Seller will determine Escrow and Title Companies
- Property is sold in As Is condition and will not make any repairs
- If any local ordinance requires that the Property be brought into compliance with minimum energy conservation standards as a condition of sale, the Buyer shall comply with and pay for these requirements at the Buyer’s sole expense
- Cooperating Brokerage commission is 2%
- Email: Todd@Braunco.com
- Phone: 866.568.6638×100