Listed by Kidder Mathews San Diego
$8,075,000
Seacoast Condominiums
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,976
Net Rentable (SqFt) 20,976
Units 19
Cap Rate 4.95%
NOI $399,903
Occupancy 100%
Pro-Forma Cap Rate 5.72%
Pro-Forma NOI $461,811
Price per SqFt $385
Year Built 1988
Buildings 1
Stories 3
Lot Size (SqFt) 18,934
Investment Type Value Add
Multifamily | 19 Units | $425,000/unit
Marketing description
19 large bulk condominium units. All 2 bed, 2 bath 1108 sf units. Condominium map with separate APN’s and separate city water meters. Units include two private balconies, fireplace, full size washer and dryer, forced air heating, fully amenitized kitchen and some ocean views. 1 1/2 blocks to the beach. Walkable and Bikeable location. 38 on-site parking spaces. Current rental rates are low. Great apartment cash flow opportunity or condominium conversion opportunity.
Call or email listing agent for Offering Memorandum.
Investment highlights
19 large two bedroom, two bathroom condominium units.
Next to beach.
Some ocean views.
Built 1988.
Great in-place cash flow or condo conversion opportunity.
Listing Contacts
Listed by Kidder Mathews San Diego
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$399,903.00
$33,325.25/mo
Valuation Metrics
0
DSCR
4.95%
Cap Rate
4.95%
ROI
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