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$6,500,000

Est. payment - /mo

14 Beds

7,370 SqFt

Price Dropped by $250K

5050 Marlborough Dr. (-70) San Diego, CA 92116

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Wendy Carter

wendy@wendycarter.com +1(858) 716-6750

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Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 7,370 sqft

Price per Sqft $881

MLS Listing ID 250041680

Bedrooms 14

Lot Size 0.298 Acres

Lot Dimensions 98x128

Property Sub-Type Com-Res Income

Property Description

There is an Assumable 1st TD of $3,000,000 and the Seller Will Carry an 2nd TD with $1,250,000 Downpayment...VALUE ADD, Legacy Property, 'Marlborough Arms' is a Unique Vintage Style 11 Unit Rental Community Located in Kensington Heights, One of the Most Vibrant Rental Districts in Metro San Diego. A Once in a Lifetime Opportunity to Acquire this Landmark Income Property Consisting of (SIX) 1 Bed 1 Bath Apartments AND (FIVE) 2 Bed 1 Bath Apartments PLUS ADD (9) Studios Currently Under the City PERMIT PROCESS, Current YEARLY Income is Approximately $308,300, PLUS A Common Area Laundry, Situated on a 98x135 Corner Lot with an Alley.

Location

State CA

County San Diego

Area Metro Uptown

Direction On the corner of Marlborough Dr & Hilldale Rd, 6 Blocks North of Adams Ave.

Interior

Heating Wall

Cooling Wall/Window

Flooring Slab, Wood

Fireplace No

Laundry Owned

Exterior

Parking Features Garages

View Y/N No

Roof Type Composition

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 440-180-04-00

Acceptable Financing Assumable 1st, Cash, Owner May Carry 2nd

Listing Terms Assumable 1st, Cash, Owner May Carry 2nd

Virtual Tour https://www.propertypanorama.com/instaview/snd/230023146

Listed by Joe Carta Joe Carta Realty

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Wendy Carter

Real Estate Agent | CA DRE#02059416

+1(858) 716-6750

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