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About this property
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***
About this property
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***
Features and Additional Information
Presented By Coldwell Banker Home Source
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Brokerage: Apartment Realty Group (ARG) 619-222-9500
