Listing ID: NDP2111062
Price: $7,200,000
Price/SqFt: $504.41
Status: Pending
Address: 3833 Jewell St
City: San Diego
State: California
Postal Code: 92109
SqFt: 14,274
Acres: 0.345
County: San Diego
San Diego
CA
92109
The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.

Primary Features

County: San Diego
Price/SqFt: 504.41
Property Type: Residential Income
Year Built: 1962
Zoning: Commercial

Interior

Common Walls: 2+ Common Walls
Laundry: no
Laundry Features: None

External

Lot Features: Level
Lot Size Area: 15008
Lot Size Source: Assessor
Lot Size Square Feet: 15008
Number Of Buildings: 1
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Water Source: Public

Location

MLS Area Major: 92109 - Pacific Beach
Neighborhood: Crown Point

Additional

Assessments: Unknown
Association: no
Community Features: Sidewalks
Days On Market: 18
List Agent State License: 01926201
List Office State License: 01096996
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 19
Number Of Separate Gas Meters: 19
Number Of Separate Water Meters: 2
Number Of Units Total: 19
Parcel Number: 4245310900
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 3
Gross Scheduled Income: 398925
Insurance Expense: 5325
Land Lease: no
Net Operating Income: 215842
New Taxes Expense: 88718
Operating Expense: 171115
Price Per Unit: 378947
Professional Management Expense: 22800
Rent Control: no
Special Listing Conditions: Standard
Total Expenses: 171115
Trash Expense: 6100
Water Sewer Expense: 10150

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.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
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Listing courtesy of Eric von Bluecher, DRE #01926201 from Lee & Associates
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Listing courtesy of Eric von Bluecher, DRE #01926201 from Lee & Associates

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