3895 Ocean View Boulevard, San Diego, CA 92113

San Diego, CA 92113,3895 Ocean View Boulevard

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Kevin Silverstein

[email protected] +1(619) 203-7041

$999,000

Est. payment - /mo

6 Beds

3 Baths

3,751 Sqft Lot

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UPDATED:

09/30/2024 11:34 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID SW24166114

Bedrooms 6

HOA Y/N No

Lot Size 3,751 Sqft

Property Description

Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.
Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.

Location

State CA

County San Diego

Community Downtown

Area Logan Heights (92113)

Zoning Assessor

Interior

Heating Electric

Building

Lot Description Curbs

Story 2

Lot Size Range 1-3999 SF

Level or Stories 2 Story

Others

Monthly Total Fees $3

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,850

Listing Terms Cash, Conventional, Exchange

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Listed by Donny Hall • Hallway Realty

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities