available for sale - loopnet … · arens group, inc. 1938 kellogg avenue, carlsbad, ca 92008...
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Arens Group, Inc.1938 Kellogg Avenue, Carlsbad, CA 92008
Office 760-444-6230, Fax 760-444-6242
www.arensgroup.com
Scott B. ArensLic # 01159521
Cell 619-917-1119
Development Land – CU-3-6
0.70 acre - City Heights With Income
Available For Sale3332-3406 Fairmount Ave
San Diego, CA 92105
Price: $2,200,000
Lot Size 30,536 SF
Price/SF $72.05
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Features
Features:
• Rear alley at lower elevation providing good below-ground parking access options.• Existing income.• Transitioning area (just west of Opportunity Zone).• Alley and street to southwest (Lexington) have been abandoned. This represents possible
opportunity to purchase this land from city which would provide direct access to 43rd
Street to south.
Asking Price $2,200,000
Lot Size: 30,536 SF (0.70 acre)
APNs 476-100-(20,21,22 & 23)
Zone CUPD-CU-3-6
Zone Description: Intended to accommodate development with strip commercial
characteristics and medium density residential use.
Density is 1,500/unit. FAR 0.75. Max Height 30 feet.
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3332-3406 Fairmount Ave, San Diego, CA 92105
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Existing Income
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3332-3406 Fairmount Ave, San Diego, CA 92105
Gross Income Tenant/Description
3332 House and Garage $1,300 $15,600
3338 Barber Shop $996 $11,952
3340 Warp Rider Games $2,296 $27,552
3342 Studio $750 $9,000
3406 Storage Building $1,591 $19,092
Billboard $438 $5,256
Storage Space $550 $6,600
$7,921 $95,052
Vacancy $2,852
Effective Gross Income $92,200
Expenses
Insurance $3,396
Landscape/cleaning $1,200
Pest Control $1,320
Property Management Fee $3,840
Property Taxes $24,200
Repairs & Maintenance $3,600
Utilities Gas & Electric $1,920
Utilities - Water $996
Accounting $600
Legal Fees/LLC $804
LLC $840
Misc $1,000
Total Expenses $43,716
Net Income $48,484
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Photos
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3332-3406 Fairmount Ave, San Diego, CA 92105
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Plat Map
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3332-3406 Fairmount Ave, San Diego, CA 92105
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Map
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3332-3406 Fairmount Ave, San Diego, CA 92105