Listed by The Agency San Diego
$2,395,000
Grand East
Details
APN 423-154-07-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,300
Units 4
Cap Rate 2.80%
Year Built 1960
Buildings 1
Acreage 0.140
Zoning RM 2-5
Multifamily | 2.80% CAP | 4 Units
Marketing description
This is a 4-unit property with 4 garages in PB and only 3.5 blocks to the ocean. All units consist of 2 bedroom, 1 bath, 825 sqft with private patios. All are residential units totaling 3,300 sqft on a 6,245 sqft lot. Seller is selling property nextdoor with same configuration (MLS 260013552). Current rents are extremely low. CAP 4.5% at $3,500 a month rent w/ no updating. Also, may be potential for garage-to-ADU conversions. This provides a rare opportunity to own multifamily real estate just steps from the funnest beach in San Diego, Pacific Beach. The front unit is currently an STVR (unit pictured) and the 3 others are long term tenants. There are still STVR licenses available in the city of SD! >>>DO NOT DISTURB TENANTS<<<
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Listed by The Agency San Diego
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