$7,500,000
( )
$40,262 est/mo Sourced by Back At YouMLS Number: 240018764SD
Description
16-unit complex in Pacific Beach located just a few blocks from the beach and bay. The subject property is located on a 12,438sf lot consisting of (4) 2Bedroom/2Bathroom, (4) 2Bedroom/1Bathroom and (8) 1Bedroom/1Bathroom The property has onsite laundry room & separate managers office. Extremely well-maintained by the current ownership and offers a new buyer substantial upside with over 40% upside in rents (ProForma Cap Rate 5.85%). ***There's an optional assumable loan of 3.50% fixed for 3 1/2 more years (loan balance of ~ $1.4M w/ CHASE Bank). Contact Listing Agent to discuss further***
Details
| MLS# | 240018764SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 42 |
| Listing Provided By | Apartment Realty Group (ARG) 619-222-9500 | James Carter |
Features
| Units | 16 |
|---|---|
| Building(s) | 1 |
| Zoning | RM-2-5 |
| Acreage | 0.29 |
Market Activity 92109
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92109 |
| Area | 92109 Pacific Beach |
| Listing VS Median (in 92109) | |
Price: $7,500,000 low | high Med: $1,200,000 On Site: 42 low | high Med: 26.000000 | |
Listing Updated: September 20, 2024 at 1:34:46 AM PDT
