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5050-54 Brighton Ave.

San Diego, CA 92107
  • $2,295,000
  • STATUS: ACTIVE
  • ON SITE: 69 Days
  • ID#: 230018406
UPDATED: 49 min ago
$2,295,000
  • 2
    BEDS
  • 0.09
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

*Seller May Carry* as of 10/19/23. Located just 1.5 blocks from the beach in Ocean Beach, within walking distance to restaurants and shops, 5050-54 Brighton Avenue, San Diego, CA 92107 ("Property") is a five (5) unit multifamily investment property that is comprised of all (5) one-bedroom/one-bathroom units, and has three (3) tandem off-street parking spaces. The units are spread across three separate buildings, including essentially mirror-image two-story duplexes in front, with one unit above the other, each with a private patio or balcony, and one single-story detached cottage unit that has just been fully renovated inside (now vacant). The cottage unit offers excellent short term (vacation) rental potential. Front units have a charming beachy vibe, and boast private patios/balconies. Built of wood-frame construction, all buildings have pitched composition shingle roofs and wood siding. Units are separately metered for gas and electricity, and the property benefits from being on city trash, for a negligible waste services expense. With only light landscaping, landscape maintenances costs are also very low.

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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/143548676
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5050-54 Brighton Ave. San Diego, CA 92107

  • Price: $2,295,000
  • Status: ACTIVE
  • On Site: 69 Days
  • Updated: 49 min ago
  • ID#: 230018406
2
Beds
2
Baths
0
½ Baths
0.09
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
*Seller May Carry* as of 10/19/23. Located just 1.5 blocks from the beach in Ocean Beach, within walking distance to restaurants and shops, 5050-54 Brighton Avenue, San Diego, CA 92107 ("Property") is a five (5) unit multifamily investment property that is comprised of all (5) one-bedroom/one-bathroom units, and has three (3) tandem off-street parking spaces. The units are spread across three separate buildings, including essentially mirror-image two-story duplexes in front, with one unit above the other, each with a private patio or balcony, and one single-story detached cottage unit that has just been fully renovated inside (now vacant). The cottage unit offers excellent short term (vacation) rental potential. Front units have a charming beachy vibe, and boast private patios/balconies. Built of wood-frame construction, all buildings have pitched composition shingle roofs and wood siding. Units are separately metered for gas and electricity, and the property benefits from being on city trash, for a negligible waste services expense. With only light landscaping, landscape maintenances costs are also very low.
Exterior Features

Construction Frame Exterior Part FencedWood Deck Parking Spaces Parking Spaces Total 3 Roof Composition Units With Garages 0

Interior Features

Cooling Other Floor Coverings Other/Remarks Floors Slab Heating Wall Sq Ft Of Improvement 2132 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Cap Rate 3.03 Actual Gross Operating Income 114542 Actual Gross Scheduled Income 116880.0 Actual Operating Expense 44981 Actual Vacancy And Credit Loss 2338 Assumable Finance 0 Buildings 3 Existing Financing Clear Financial Information Source Owner Gross Equity 2495000 Gross Multiplier 19.64 Have Property Leased Apartments 4 Mandatory Remarks None Known Market Area Coastal South Motive Want Sell Other Income Actual 0 Sq Ft Source Tax Record Terms CashCash to New Loan Unit Number1 1 Unit Number2 4 Unit Rent Total1 2300 Unit Rent Total10 9740 Unit Rent Total2 7440 Unit Rent1 2300 Unit Rent2 1860 Unit Type 3 on a LotApartment Zoning RM-2-4

San Diego MLS logo Listing provided courtesy of Joseph Burrough of Palma Commercial: 858-822-9222. 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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