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Listing Details

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School Ratings & Info

Description

Modern on Fifth is an ultra-luxury, four unit architecture lovers dream. This one-of-a-kind owner build was designed and built for luxury, privacy, & security. Designed by world renowned architecture firm Safdie Rabines Architects, construction was completed in late 2017 with top-of-the-line materials and finishes. Perfect for owner occupied to live and work from same property with total separation from the residence and the office space; also perfect for a family compound. Unit mix: "Penthouse" 2 bed 2 bath (2,800 sf) estimated rent of $10,000/ month, "Condo" is 2 bed 2 bath (1,800 sf) rents for $4,250/m, "Office" (convertible to a 2 bed / 1 bath residential condo) (1,500 sf) rents for $4,250/m, "Retail" (1,020 sf) rents for $3,600/m. All units are separately metered and tenants pay utilizes direct to providers. 3D Tour and Video: ModernOn5th.com/?mls

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/117545316
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3425 5th Avenue San Diego, CA 92103

  • Price: $6,495,000
  • Status: Active
  • Updated: 41 min ago
  • ID#: NDP2105758
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Beds
0
Baths
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½ Baths
0.11
Acres
2017
Built
Neighborhood:
92103 - Mission Hills
County:
San Diego
Area:
92103 - Mission Hills
Property Description
Modern on Fifth is an ultra-luxury, four unit architecture lovers dream. This one-of-a-kind owner build was designed and built for luxury, privacy, & security. Designed by world renowned architecture firm Safdie Rabines Architects, construction was completed in late 2017 with top-of-the-line materials and finishes. Perfect for owner occupied to live and work from same property with total separation from the residence and the office space; also perfect for a family compound. Unit mix: "Penthouse" 2 bed 2 bath (2,800 sf) estimated rent of $10,000/ month, "Condo" is 2 bed 2 bath (1,800 sf) rents for $4,250/m, "Office" (convertible to a 2 bed / 1 bath residential condo) (1,500 sf) rents for $4,250/m, "Retail" (1,020 sf) rents for $3,600/m. All units are separately metered and tenants pay utilizes direct to providers. 3D Tour and Video: ModernOn5th.com/?mls
Exterior Features

Architectural Style Modern Construction Materials GlassStucco Lot Features Drip Irrigation/BubblersLevelNear Public TransitSprinkler SystemZero Lot Line Number Of Separate Electric Meters 4 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Association Fee 0 Cap Rate 2.87 Community Features Urban Garage YN Yes Gross Income 265200 Gross Scheduled Income 265200 Insurance Expense 2000 Land Lease YN No Laundry Features Laundry Closet Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 186200 New Taxes Expense 72200 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 3 Operating Expense 79000 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 50 Water Source Public Zoning Cc-3-9

Listing provided courtesy of Tommy Crudo of Willis Allen Real Estate


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660