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5047-49 Long Branch Avenue

San Diego, CA 92107
  • $2,495,000
  • STATUS: ACTIVE
  • ON SITE: 84 Days
  • ID#: 230017980
$2,495,000
  • 8
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $832
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

We are proud to present 5047-49 Long Branch Avenue, a rare opportunity to acquire four ~750 sf two bed/ one bath units situated just a short two-block stroll from the shoreline in Ocean Beach. Located on a 4,092 square foot lot, the property features updated units, a gated common area courtyard, patios in select units, four off-street parking spaces and on-site laundry. The adjacent fourplex is also for sale, separate parcel number 448-114-09-00, contact listing agent for details.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143374723
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5047-49 Long Branch Avenue San Diego, CA 92107

  • Price: $2,495,000
  • Status: ACTIVE
  • On Site: 84 Days
  • ID#: 230017980
8
Beds
4
Baths
0
½ Baths
0.09
Acres
3,000
SQFT
$832
$/SQFT
1959
Built
Neighborhood:
Ocean Beach
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
We are proud to present 5047-49 Long Branch Avenue, a rare opportunity to acquire four ~750 sf two bed/ one bath units situated just a short two-block stroll from the shoreline in Ocean Beach. Located on a 4,092 square foot lot, the property features updated units, a gated common area courtyard, patios in select units, four off-street parking spaces and on-site laundry. The adjacent fourplex is also for sale, separate parcel number 448-114-09-00, contact listing agent for details.
Exterior Features

Exterior Other/Remarks Fencing N/K Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 2.98 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 42646 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park NK Cross Streets Abbott Gross Rent Multiplier Actual 20.69 Gross Rent Multiplier Project 14.85 Gross Scheduled Income Actual 120600 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.92 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 5047 Unit Number For Unit2 5047.5 Unit Number For Unit3 5049 Unit Number4 5049.5 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 2400.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 2450.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 3500 Unit3 Rent Actual 2800.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 3500 Unit4 Rent Actual 2400.0

San Diego MLS logo Listing provided courtesy of Christopher Sarver of Acre Investment Real Estate: 619-316-5036. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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