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Address Not Available By Request

San Diego, CA 92109
  • $4,850,000
  • STATUS: ACTIVE
  • ON SITE: 116 Days
  • ID#: 250019414
UPDATED: 45 min ago
$4,850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

PROPR Real Estate is pleased to offer a well-maintained, 12 Unit, multi-family asset in the heart of Pacific Beach. This prime location offers an exceptional opportunity for investors seeking a stable and profitable asset in one of San Diego’s most sought-after coastal areas. Rents are significantly under market, offering the investor much upside at the lowest price per unit in Pacific Beach. Blocks from the beach and bay, the property is walking distance to retail and dining. The building offers assigned off-street parking, on-site laundry, and a charming courtyard featuring a dining area and grill, providing both convenience and a sense of community. Recent upgrades include new appliances throughout the apartments, complete exterior painting, and a rehabbed common area with new furniture and concrete. Additionally, the building has passed the required SB 721 balcony inspection, ensuring full compliance with California’s safety regulations.

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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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/160707653
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Address Not Available By Request San Diego, CA 92109

  • Price: $4,850,000
  • Status: ACTIVE
  • On Site: 116 Days
  • Updated: 45 min ago
  • ID#: 250019414
0
Beds
1
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
PROPR Real Estate is pleased to offer a well-maintained, 12 Unit, multi-family asset in the heart of Pacific Beach. This prime location offers an exceptional opportunity for investors seeking a stable and profitable asset in one of San Diego’s most sought-after coastal areas. Rents are significantly under market, offering the investor much upside at the lowest price per unit in Pacific Beach. Blocks from the beach and bay, the property is walking distance to retail and dining. The building offers assigned off-street parking, on-site laundry, and a charming courtyard featuring a dining area and grill, providing both convenience and a sense of community. Recent upgrades include new appliances throughout the apartments, complete exterior painting, and a rehabbed common area with new furniture and concrete. Additionally, the building has passed the required SB 721 balcony inspection, ensuring full compliance with California’s safety regulations.
Exterior Features

Parking Spaces

Interior Features

Laundry Owned Sq Ft Of Improvement 3720

Property Features

Actual Cap Rate 3.34 Actual Gross Scheduled Income 260016.0 Actual Operating Expense 90453 Assumable Finance 0 Buildings 1 Gross Equity 3000000 Gross Multiplier 19.01 Have 12 Apartment Units Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 21430 Motive Want Sell Other Income Amount 1200 Other Income Source 1656 Short Sale No Unit Number1 12

San Diego MLS logo Listing provided courtesy of Jeffrey Zettel of PROPR Real Estate Inc.: 949-375-1440. Listing information © 2025 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
7910 Girard Ave Ste 9
La Jolla CA, 92037