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Richard Chung

[email protected] +1(714) 865-3871

$ 999,000

Est. payment -/mo

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Price Dropped by $166K

3895 Ocean View BLVD San Diego, CA 92113

2,160 SqFt

UPDATED:

09/30/2024 05:27 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $462

Subdivision Downtown

MLS Listing ID SW24166114

HOA Y/N No

Year Built 1913

Lot Size 3,750 Sqft

Acres 0.0861

Property Description

Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.

Location

State CA

County San Diego

Area 92101 - San Diego Downtown

Zoning RM-1-1

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Electric

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Range

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Street Lights

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5463101400

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

Listed by Donny Hall • Hallway Realty • 951-553-0315

Richard Chung

Agent | License ID: 01899002

+1(714) 865-3871

Richard Chung

3895 Ocean View BLVD San Diego, CA 92113

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3895 Ocean View BLVD