Pending
2481 Ulric St
Linda Vista CA, 92111
$7,005,000
$475.30 per sqft
Pending
3 Beds
14,738 sqft
Commercial
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.
240012520
MLSⓇ ID
June 3, 2024
Listed
November 22, 2024
Updated
Map
2481 Ulric St
Linda Vista CA, 92111
Interior Features
Total Stories
2
Bedrooms
3
Appliances
Range, Refrigerator
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.42 Acres
Other Property Details
Area Name
Metro
Taxes
$81,959
Tax Frequency
Annually
Days on Market
157
Garage
No
Parking Total
17
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/8/2024 | Pending | — |
8/12/2024 | Price change | $7,005,000 -6% |
Listed by Apartment Consultants Incorporated, Terry Moore,
Listing Contact: 619-889-1031
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Data last updated 9:00 PM UTC, 11/22/2024
