Presented by Terry Moore

4230 44th St - San Diego, CA 92115

4230 44th St - San Diego, CA 92115

0 beds, 0 baths, Business


Asking: $775,000
Prop Id: 110041597
Area: NULL
Bedrooms: 0
Bathrooms: 0
Half Baths: 0
Est. Square Feet: Please Call
Lot Size: 6,250
Year Built: Please Call

Cash flow opportunity for effective operator of 'seniors' housing. This property is not in compliance with its Conditional Use Permit. The low price affords superior cash flow for an owner who brings the building into compliance and then obtains permanent financing. After the building is stabilized it might support debt in the range of $500k - $550k. The property will probably have low costs because it is relatively new, and 'seniors' complexes typically have lower turnover, and lower repair and maintenance costs. These units have gated access and are near bus lines. At least one resident should be 55 or older or disabled.

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