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$4,000,000

Est. payment - /mo

Pending

835 Thomas AVE San Diego, CA 92109

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PTP2504358

HOA Y/N No

Year Built 1960

Property Sub-Type Multi Family

Property Description

This incredible value-add opportunity in the heart of Pacific Beach is an amazing investment opportunity. This well-maintained 11-unit apartment building offers a mix of 8 studios, 2 one-bedroom units, and 1 two-bedroom unit on a 6,251 square foot R-3 zoned lot. Located just blocks from the beach and Garnet Avenue, the property boasts a Walk Score® of 91 and provides tenants with easy access to restaurants, shops, nightlife, and public transportation. Onsite amenities include 12 surface parking spaces, onsite laundry, and separate electric meters for each unit. The two-bedroom unit is currently vacant, offering immediate upside potential. With strong rental demand and below-market rents, this asset presents an excellent opportunity for investors looking to reposition a coastal multifamily property in one of San Diego's most desirable beach communities. See attached Memorandum in Documents.

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Zoning R-3:RESTRICTED MULTIPLE

Interior

Fireplace No

Laundry Common Area

Exterior

Total Parking Spaces 12

Building

Lot Description 11-15 Units/Acre, Near Public Transit, Street Level

Story 2

Others

Tax ID 4231220700

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Mike Aon Realty Executives Dillon Mike@theaongroup.com

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