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$ 2,150,000
Est. payment | /mo
7 Beds
5 Baths
5,662 Sqft Lot
$ 2,150,000
Est. payment | /mo
7 Beds
5 Baths
5,662 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2607106
Bedrooms 7
Lot Size 5,662 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent investor opportunity in the highly sought-after Pacific Beach area! Zoned for both commercial and residential use, this versatile four-unit property offers strong income potential and future upside. The unit mix consists of one 3-bedroom, 2-bath unit, one 2-bedroom, 3-bath unit, and two studio units with 1 bath each. The kitchens in both the 3-bedroom and 2-bedroom units have been renovated in the last few years, and a new shower was installed in the 3-bed full bath, enhancing their appeal and rental value. Front driveway parking provides space for up to four vehicles. Three units are occupied by long-term tenants, generating immediate rental income, while one unit is leased on a month-to-month basis. Ideally located just minutes from the beach and bay, with convenient access to major freeways, shopping, dining, and coastal amenities. Residents enjoy shared laundry facilities and a charming common courtyard highlighted by a tranquil koi pond. While several upgrades have been completed, some features and finishes remain in their original condition, presenting an excellent opportunity for a new owner to implement additional updates and potentially increase rental income and overall property value.
Location
State CA
County San Diego
Direction Two houses from the corner of Balboa Ave and Olney St. Located on the north side of street.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4240611300
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Michele Nisly, DRE#02444168 Rise Realty
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran License ID: 02153342