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$ 4,000,000
Est. payment | /mo
10 Beds
8 Baths
5,026 SqFt
$ 4,000,000
Est. payment | /mo
10 Beds
8 Baths
5,026 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 5,026 sqft
Price per Sqft $795
MLS Listing ID 260018607
Bedrooms 10
Full Baths 8
Property Sub-Type Com-Res Income
Property Description
Eight unit apartment building on a corner lot in Pacific Beach. Built in 1966 and meticulously maintained. Unit mix is six 1BD/1BA and two 2BD/1BA averaging approximately 650 square feet. One dedicated parking space per unit. Six of eight units renovated. Two units have in unit washer and dryer. Current rents approximately 11% below market. Utilities are currently billed at a low flat rate, leaving upside through SDG&E submetering or a market level RUBS program. 89 Walk Score with retail, grocery, and dining within walking distance. Pacific Beach submarket vacancy is 4.2% versus 6.1% countywide, with only 60 units under construction submarket wide and trailing twelve month rent growth near three times the San Diego average. Contact broker for offering memorandum, rent roll, and financials.
Location
State CA
County San Diego
Area Coastal South
Interior
Fireplace No
Exterior
View Y/N No
Total Parking Spaces 8
Building
Story 2
Others
Senior Community No
Tax ID 416-542-10-00
Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran | License ID: 02153342