Listing ID: 210022733
Price: $6,900,000
Status: Active
Address: 4930 W Point Loma Blvd
City: San Diego
State: California
Postal Code: 92107
County: San Diego
San Diego
CA
92107
LOCATION! LOCATION! LOCATION! A rare opportunity for an investor/developer to own a 7 Unit complex income property in the prime location of Ocean Beach/ Point Loma. Oceanview, Minutes to the Ocean Beach, this property is exactly what you were looking for. With its current condition, the building is brining $30,000 a month income with a cap rate of 3.5%. With some TLC and renovations, the income potential is a lot higher. This complex is perfect for short-term rentals and AirBNB which can make the cap rate potential as high as 7%. No HOA, No Mello-Roos. 2 Story Townhouse with 6 units being 3 bedroom 2.5 bath with extra bonus room (potential 4 bed) and the 1 units as 3 bedroom 2.5 bath. There are 17 parking spaces in the garage area under the building and plenty of street parking. Units have Hardwood Flooring, very spacious, master bedroom with en-suite bathrooms. All units are fully rented on a month to month basis with tenants who love to be there with zero or low vacancy rate. All units have their own laundry inside. This is a great fixer-upper for the right developer/investor who is interested in doing cosmetic repairs and put some love into the units and make them perfect, or just buy and keep the tenants. Prime Location in Ocean Beach, and Point Loma Blvd, close to 100s of shops and restaurants, right next to Sunset Cliffs Blvd, Ocean Beach Volleyball Courts, this place is the prime tourist location. OB Noodle House & Sake Bar, the popular place in town is on the other side of the street. Ocean breeze and Oceanview from 2nd floors.

Primary Features

County: San Diego
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale
Zoning: R-4:MULTIP

Interior

Cooling: yes
Heating: yes
Heating Type: Forced Air

External

Number Of Buildings: 1
Parking Total: 17
Phase: 7

Location

Country: US
MLS Area Major: 92107 - Ocean Beach

Additional

Co List Agent State License: 02107088
Co List Office State License: 02106467
Days On Market: 13
List Agent State License: 02061463
List Office State License: 02106467
Number Of Units Total: 7
Parcel Number: 4482302400

Financial

Cap Rate: 3.5
Gross Scheduled Income: 360000
Operating Expense: 2000

Zoning Info


Area Info


© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Tuesday, October 19th, 2021.

Based on information from CARETS as of Tuesday, October 19th, 2021 03:56:56 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing courtesy of Ava Khamooshi, DRE #02061463 from TXR Homes
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Listing courtesy of Ava Khamooshi, DRE #02061463 from TXR Homes

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