Compass
Listed by Compass
$3,995,000
N/K
Details
APN 423-093-15-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,000
Units 4
Cap Rate 4.00%
Year Built 1989
Buildings 2
Acreage 0.140
Zoning R-3:RESTRI
Multifamily | 4.00% CAP | 4 Units
Marketing description
Rare opportunity to acquire a renovated four-unit apartment community in Pacific Beach, one of Southern California's highest-demand coastal rental markets. Located just blocks from the bay, the beach and the area's premier retail and dining corridor, the property benefits from exceptional tenant demand, historically low vacancy, and strong long-term rental growth. Unlike most apartment properties in the area, all four units are spacious 3-bedroom, 2-bath floor plans that consistently command premium rents. Significant capital improvements include modern kitchens, quartz and granite countertops, stainless steel appliances, luxury plank flooring and updated bathrooms. A Walk Score of 97 further enhances tenant appeal and long-term investment performance. This is a TRUE CASH COW!
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Compass
Listed by Compass
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