Listing ID: 220025189
Price: $4,900,000
Status: ACTIVE
Address: 3540 Mission Blvd
City: San Diego
State: California
Postal Code: 92109
SqFt: 4,962
County: San Diego
San Diego
CA
92109
DEVELOPMENT OR REMODEL DEAL! Broker obtained the last Final & Recorded Subdivision Map in MB allowing 1-1 parking. 8 units can be remodeled and made into condos, or current zoning allows 4 new condos. Property was originally a motel, then had a successful run as vacation rentals and m-m rentals. Some direct ocean views in the neighborhood of $10M homes and $4M condos. THIS IS AN "AS-IS, WHERE IS" SALE! Buyer shall obtain all reports and inspections and shall not rely on any representations of the Seller or the Broker.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income
Zoning: 4 units

Interior

Number of Baths (1): 1
Number of Baths (2): 1
Number of Bedrooms (1): 1
Number of Bedrooms (2): 2
SqFt of Improvement: 5000
Unit Furnished (2): n

External

Construction: Block
Entry Only: No
Lot Dimensions Approximate: 62x89
Number of Units: 8
Number of Units (1): 6
Number of Units (2): 2
Number of Units w/Garage: 7
Parking Spaces Total: 9

Location

Country: United States
Market Area: Coastal South
Zip/Area: PACIFIC BEACH (92109)

Additional

Amenities: None
Class: COMMERCIAL-RES INCOME
Have: 8 APARTMENTS W/MAP
Mandatory Remarks: None Known

Financial

Gross Equity: 4900000
Price/Unit: 612500
Sale/Rent: For Sale
Sales Restrictions: N/K
Unit Rent (1): Vacant
Unit Rent (2): Vacant

Zoning Info


Area Info


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Listing courtesy of T.L. Sheldon & Associates

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