$6,749,000

2481 Ulric St

San Diego, California 92111

Closed / MLS #240012520SD / Commercial / Mixed Use / San Diego

Listing information updated 2/27/2025 at 4:42pm

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.

Full Features

Lot Size:

18308 Square Feet

Acreage:

0.4203

Parking Spaces:

Current Net Income:

$303,965

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

92111

City:

San Diego

County:

San Diego

Full Features Taxes & Assessments Location

Lot Size:

18308 Square Feet

Acreage:

0.4203

Parking Spaces:

Current Net Income:

$303,965

Listing Office: Apartment Consultants Incorporated

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.