For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $5,930,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 240012105
Bedrooms 8
Full Baths 6
Half Baths 2
Year Built 1970
Lot Size 8,187 Sqft
Property Description
REFRESHED AND IMPROVED! Incredible once-in-a-lifetime opportunity to acquire a six-unit trophy property directly on the sand in Sail Bay. $347,857 gross in 2023! Projected gross profit over 500k! The property exudes the pride of ownership, meticulously maintained over the last 18 years. The main unit boasts water views from every main living area, tons of natural light, 4 bedrooms and 2.5 bathrooms. Plenty of entertainment space with multiple balconies, patio, grass space, 3 living rooms/ family rooms and direct sand access to enjoy water activities. This one-of-a-kind property also includes (1) 2 bed/2.5 bath and (4) 1 bed/1 bath units, currently rented below market value rents. There is potential to increase the NOI by bringing all rents to market rates. The main 4 bed/2.5 bath unit is an extremely successful vacation rental, continuously booked year-round. Additional income from the laundry machines on the property. Each unit is individually metered for electricity, with a new roof installed in 2021. This property has been self-managed for the last 18 years by the current owners, ensuring exceptional care. This rare offering presents a unique opportunity to add a highly sought-after asset to your commercial real estate portfolio. Don't miss out on this chance to acquire a well-maintained property in a prime location.
Location
State CA
County San Diego
Community Pacific Beach
Area Pacific Beach (92109)
Building/Complex Name Sail Bay
Interior
Heating Natural Gas
Cooling Central Forced Air
Fireplaces Number 1
Exterior
Exterior Feature Stone
Fence Gate
Community Features Laundry Facilities
Complex Features Laundry Facilities
View Bay, Ocean
Roof Type Composition
Building
Story 2
Sewer Sewer Connected
Water Meter on Property
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $17,788
Listing Terms Cash, Conventional, Exchange
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Voltaire Lepe • eXp Realty of California, Inc.
Get More Information
- Homes for Sale in San Diego
- Homes for Sale in Alpine
- Home for Sale in Bay Park
- Homes for Sale in Bonita
- Homes for Sale in Cardiff by the Sea
- Homes for Sale in Chula Vista
- Homes for Sale in Coronado
- Condos for Sale in Coronado Shores
- Condos for Sale in Downtown
- Homes for Sale in El Cajon
- Homes for Sale in Encinitas
- Homes for Sale in Escondido
- Homes for Sale in Fallbrook
- Homes for Sale in Hillcrest
- Homes for Sale in Imperial Beach
- Homes for Sale in La Jolla
- Homes for Sale in Lakeside
- Homes for Sale in Lemon Grove
- Condos for Sale in Little Italy
- Homes for Sale in Mission Beach
- Homes for Sale in Mission Hills
- Homes for Sale in Ocean Beach
- Homes for Sale in Oceanside
- Homes for Sale in Olivenhain
- Homes for Sale in Pacific Beach (PB)
- Homes for Sale in Point Loma
- Homes for Sale in Rolando
- Homes for Sale in San Carlos
- Homes for Sale in San Marcos
- Homes for Sale in Santee
- Homes for Sale in Spring Valley
- Homes for Sale in Tierrasanta
- Homes for Sale in Vista
- Home for Sale in Waterpoint, Point Loma
- Pinnacle Condominiums