HORACIO HERNANDEZ

SD REAL ESTATE INVESTING / MULTI-UNITS

We very much enjoy helping San Diegians’ become investors, also known as landlords. As people continue to flock to San Diego, we feel that the rental market will be secure with rising rents. There is no better investment than real estate!

Whether you want to chat about investing, 1031 exchanges or triple-net leases, please reach out. -Horacio Hernandez and Team

Duplex:

DUPLEX 142-2148 1254 13Th St, Imperial Beach, CA 91932 $995,000 MLS: 230005477

Beautifully remodeled detached condo WITH PERMITTED ADU! Home features great natural light, open floor plan with tall vaulted ceilings, making living space feel much larger! 2 bedroom, 2 bathroom main house, and large studio ADU! Head-to-toe remodel features a new kitchens, new bathrooms, flooring, windows, roof, electrical upgrading, LED lights throughout, and so much more!…

DUPLEX 2355-57 Washington St, Lemon Grove, CA 91945 $959,000 MLS: 230005008

Great area in Lemon grove. This property is a duplex and both units are 3 bedroom 1 bath and have their own washer dryer hookups. The back house has a very large, fenced yard. Both kitchens have also been recently updated along with other upgrades. The front unit is currently occupied by a long term…

DUPLEX 722-24 48Th St, San Diego, CA 92102 (Chollas View) $599,000 MLS: 230004055

**GREAT INVESTMENT OPPORTUNITY OR OWNER OCCUPIED! Centrally located rare duplex with strong cash flow and ADU possibilities! Unit 722 features 2 bedroom/1bathroom, vinyl flooring and updated windows. Unit 724 features 2 bedroom/1 bathroom with solar(PPA/Sunrun) and detached garage facing the alley. Both unit also has newer water heater. After renovation and improvements, this can be…

DUPLEX 3068-70 Polk Ave, San Diego, CA 92104 (North Park) $1,190,000

Two detached houses on the same lot in the midst of North Park! Storybook Spanish style front house completely remodeled approx. 6 years ago offers two bedrooms, en suite laundry, open living space and parking. Back Craftsman house offers one bedroom, large kitchen and open living space. Private pet friendly outdoor sanctuary. Variance granted Detached.…

Loading…

Something went wrong. Please refresh the page and/or try again.

Triplex:

TRIPLEX 2778 Island Avenue, San Diego, CA 92102 (Grant Hill) $788,888 MLS: 230004249

3 units ! Opportunity for high vacation rental income! Beautiful style craftsman Two bedroom two bath with optional third bedroom house with 2 detached manufactured homes that are in process being permitted as Accessory Dwelling Units. Plans have been submitted to the city of SD to be permitted as 2 ADUs. Perfect opportunity for cash…

TRIPLEX 333 S 37th Street, San Diego, CA 92113 (Logan Heights) $599,900

Portfolio property for right investor. Upward potential on this property is unlimited. Excellent opportunity to access a high-demand neighborhood, place yourself within arms-reach of an income driven investment, definitely for the do-it-yourselfer. This property needs some hard work to make it shine again, front unit needs work but definitely has good bones to make a…

TRIPLEX 256-258 Richfield Avenue, El Cajon CA 92020 $759,000

This property features a 2 bedroom, 1 bath house in the front, a 2 bedroom, 2 bath house in the rear, and an unpermitted 1 bedroom, 1 bath unit downstairs in two of the converted garages. The rear property was constructed in 1980 with 5 garages. Two of those garages were converted to the current…

Loading…

Something went wrong. Please refresh the page and/or try again.

Fourplex:

FOURPLEX 6210-6212 1/2 Stanley Ave, SD, CA 92115 (Campus Heights) $1,550,000 MLS: 220007201

Rarely available 4 units with 4 garages close to SDSU, shopping, restaurants, and freeways. Each unit is 1 bed / 1 bath and has a garage off the alleyway. Front building is single level and rear units are above the garage. Shared coin-operated laundry. Property also boasts a new security gate, dual paned windows, additional storage, underground electrical lines, new main sewer line w/ 20 year warranty, and concrete pathways with a new coating. One unit has been recently remodeled with others partially upgraded and well maintained over the years. Long…

FOURPLEX 142-2148 Oliver Ave, SD, CA 92109 (Pacific Beach) $2,850,000 MLS: 230004069

This 4 unit property features a 4 bedroom and 2 bathroom main house with a two story apartment building behind it featuring two studio apartments and one 1 bedroom apartment. The layout of the front house is open and they enjoy an updated kitchen that opens up to the dining and living room. The kitchen has granite countertops and stainless steel appliances. All the bathrooms have newer cabinetry and shower/bath tiling. There is a dedicated laundry room in the main house with a side by side washer and dryer. The main…

FOURPLEX 2231 G St, San Diego, CA 92102 (Sherman Heights) $2,095,000

We are pleased to present 2231 G Street, a completely restored 4-unit multifamily property located in San Diego’s gentrifying Sherman Heights neighborhood just east of Downtown. This complex consists a two 2-story buildings built on a 4,901 square foot lot with approximately 3,950 rentable square feet. The unit mix is composed of two 2-bedroom / 2-bathroom units and two 2-bedroom / 1-bathroom units. The complex has been well maintained and features an alluring historic Victorian Architectural style. In 2005, the property went through major renovations with all new plumbing throughout, new…

FOURPLEX 2774 Vista Way, National City, CA 91950 $1,190,000

Great Income property, Located close to the freeway, stores, & Plaza Bonita shopping mall. Its located on the top of a hill in National City, nestled between single-family homes, and just a few blocks east of the National City Golf Course. 2774-2780 Vista Way offers (4) four units, with private yards, plus an extra non-conforming unit that could be a future ADU. This Fourplex, One of the units is a 2 Beds 1 Bath all other units are 1 Bed 1 Bath bringing in a great amount of rental income. PTP2300724…

FOURPLEX 1398 Seacoast Drive, Imperial Beach, CA 91932 $4,690,000

Fully remodeled units, some with direct ocean/beach views. All new kitchen and bathrooms, some with wood floors, others with vinyl-wood flooring. New split systems for heat/AC (dual zone in Unit 2). 3 large, lockable storage spaces available but not now rented. ADDITIONAL FULLY-REMODELED STUDIO UNIT 5 (currently rented at $2,600/mo), OR COULD BE USED AS A COMMON AREA FOR TENANTS. Unit 1 sits right on beach with large, private patio and full ocean views from upstairs master bedroom. Units 2 & 3 also have direct ocean views. Tenants enjoy private, elevated…

Loading…

Something went wrong. Please refresh the page and/or try again.

TERMS YOU MIGHT WANT TO KNOW

Investment / Multi-Units Properties…

As part of our continuing commitment to help local owners, investors and San Diego landlords-to-be, here is some great information. Whether you want to chat about investing, 1031 exchanges or triple-net leases, please reach out. -Horacio Hernandez and Team HORACIO HERNANDEZBroker AssociateTrusted, Experienced, Never Pushy1031 Exchange SpecialistInvestment/Multi-Unit PropertiesZillow 5-Star / 25+ Real Estate (619) 855-6255 …

TERM: WHAT IS DEPRECIATION?

Depreciation is a capital expense. It is the mechanism for recovering your cost in an income-producing property and must be taken over the expected life of the property. You can begin to depreciate rental property when it is ready and available for rent.

TERM: WHAT IS THE EARNEST MONEY DEPOSIT?

The “EMD,” is a good-faith deposit the buyer places into escrow account at the beginning of the transaction. It shows the buyer’s seriousness and is also at risk of being lost if the buyer breaches the contract.

TERM: WHAT IS A CONTINGENCY?

In real estate, this refers to a specific action or item in the contract that must happen for the contract to become legally binding.

TERM: WHAT IS FAIR MARKET VALUE?

The price at which a property would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code, bankruptcy laws, state laws and by other regulatory bodies. 

TERM: WHAT ARE COMPS/COMPARABLES?

Comps are used to determine the value of a home by comparing it to similar sold properties in the same neighborhood or in an area as close as possible to the house being valued.

TERM: WHAT IS AGENCY?

A business or organization established to provide a particular service, typically one that involves organizing transactions between two other parties.

TERM: WHAT IS CAPITALIZATION RATE?

Cap rate is generally calculated as the ratio between the annual rental income produced by a real estate asset to its current market value.

TERM: WHAT IS ROI?

Return on investment or return on costs is a ratio between net income and investment. A high ROI means the investment’s gains compare favorably to its cost. 

USEFUL ARTICLES

ARTICLE: TIPS FOR BUYING YOUR FIRST RENTAL PROPERTY

Thinking about purchasing an investment property? Purchasing rental real estate requires knowledge of leasing, mortgage loans, tenant and landlord relationships, and property management. Continue Reading @ investopedia.com

DOWNLOADS

FINANCING AN INVESTMENT

INSTAGRAM: investment_property_sd

Living it up in sunny San Diego ☀️ Soaking in the surf, sand, and all the amazing events this city has to offer! 🌊🎉 #SanDiegoLife #EventsInSD #BeachVibes #GoodTimes #CaliforniaDreaming Selling a property, what time frame and who you want to represent you are huge choices! Throughout the years me and my team have had the pleasure of helping a number of clients in purchasing their first homes, trading up or handing our Buyers keys to their forever castle!