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$ 4,800,000
Est. payment | /mo
$ 4,800,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 260006835SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Rarely available steps from Sail Bay, this 8-unit apartment building offers investors an exceptional opportunity to acquire a premier coastal asset with immediate upside. Located directly across from Sail Bay and just four blocks from the ocean, the property combines an A+ location with a highly desirable unit mix of seven (7) spacious 2-bed/2-bath units and one (1) 1-bed/1-bath unit. The building features generous floor plans with in-unit laundry, en suite bathrooms in the primary bedrooms (2-bed units), and Eleven (11) on-site parking spaces including three tandem spaces, one single space, and two double garages. This property presents multiple value-add strategies. Current rents are approximately 28% below market, allowing a new owner to realize significant income growth through strategic renovations and lease turnovers. Two units have already been upgraded, providing a clear roadmap for further improvements. In addition, the rear double garages offer the potential to add ADUs, enhancing overall revenue.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Others
Tax ID 4232522000
Virtual Tour https://www.propertypanorama.com/instaview/snd/260006835
Listed by Dylan Wright MD Real Estate, Inc #01411216
Nearby Locations