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Property for sale: 1324 Gertrude St in San Diego

1324 Gertrude St San Diego

Exterior Front
$2,000,000 /400000.0
Prop. Type:
Com-Res Income
MLS® Num:
250031991
Status:
Active
Year Built:
1960
Property has huge upside potential with minimal remodeling. It is also zoned commercial and could be developed into something much greater.
Rental Amount:
8045
Price Per Unit:
400000.0
Total Floor Area:
Switch units of measure5,820 sq. ft.
Lot Size:
Switch units of measure5,663 sq. ft.
County:
San Diego
Market Area:
Metro
Number of Buildings:
3
Number of Units:
5
Num Stories:
2
Year Built:
1960
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Cap Rate.:
3.93
Gross Multiplier:
20.72
Cash flow:
78659.0
Cash on cash:
659.0
Gross operating income:
96540
Gross scheduled income:
8045.0
Gardener expense:
500
Gas / Electric expense:
250
License expense:
72
Maintainance expense:
1500
Management expense:
0
Manager expense:
0
Supplies expense:
0
Trash expense:
0
Operating expense:
15950
Water/Sewer expense:
7200
Pest control expense:
0
Vacancy & Credit Loss:
0.0
Total expenses:
9512.0
Projected Cap Rate.:
5.77
Projected Gross Multiplier:
12.92
Projected cash flow:
21794.0
Projected cash on cash:
5.33
Projected gross operating income:
151704
Projected gross scheduled income:
154800
Projected net Income:
115324
Projected annual P&I expense:
93530
Projected gardener expense:
1200
Projected Gas / Electric expense:
0
Projected maintainance expense:
2500
Projected manager expense:
1500
Projected operating expense:
36380
Projected pest control expense:
780
Projected taxes expense:
28000
Projected Vacancy & Credit Loss:
3096.0
Projected Water/Sewer expense:
7200
Projected total expenses:
36380.0
Gross equity:
2000000
Motive / Want:
1031 exchange
Present Loan:
0
Near Sea World Dr and Morena Blvd, cross street is Viola st
Short Sale:
No
Listing Type:
Exclusive Right (R)
Total Parking Spaces:
3
Heating:
Wall/Gravity
Construction Material:
Block, Drywall, Frame
Number of Units with Dishwashers:
3
Number of Units with Disposals:
5
Number of Units with Drapes:
5
Number of Units with Garages:
0
Number of Units with Range/Oven:
5
Number of Units with Refrigerators:
5
Number of Leased Apartments:
5
Zoning:
COMMERCIAL
Parcel Number:
436-211-10-00
Number of Units in Unit 1:
1
Unit 1 Furnished:
0
Total Rent for Unit 1:
1895.0
Bedrooms for Unit 1:
2
Bathroom 1:
1.0
Number of Units in Unit 2:
1
Unit 2 Furnished:
0
Total Rent for Unit 2:
1795.0
Bedrooms for Unit 2:
2
Bathroom 2:
1.0
Number of Units in Unit 3:
1
Unit 3 Furnished:
0
Total Rent for Unit 3:
1200.0
Bedrooms for Unit 3:
0
Bathroom 3:
1.0
Number of Units in Unit 4:
1
Unit 4 Furnished:
0
Total Rent for Unit 4:
1200.0
Bedrooms for Unit 4:
0
Bathroom 4:
1.0
Number of Units in Unit 5:
1
Unit 5 Furnished:
0
Total Rent for Unit 5:
2000.0
Bedrooms for Unit 5:
2
Bathroom 5:
1.0
Listed by CityScape Real Estate
Data was last updated July 2, 2025 at 11:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
Data Source Logo
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