$8,700,000
$8,300,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
9,787 Sqft Lot
SOLD DATE : 08/28/2023
Key Details
Sold Price $8,700,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230002968SD
Sold Date 08/28/23
HOA Y/N No
Lot Size 9,787 Sqft
Property Sub-Type Mixed Use
Property Description
Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Zoning Commercial
Interior
Fireplace No
Exterior
Carport Spaces 12
Roof Type Composition
Total Parking Spaces 29
Others
Tax ID 4244332700
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Financing Cash
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Bought with Thomas McCartin • Marcus & Millichap
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