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Key Details
Sold Price $8,700,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230002968
Sold Date 08/28/23
Lot Size 9,790 Sqft
Acres 0.23
Property Description
Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.
Location
State CA
County San Diego
Area Pacific Beach (92109)
Zoning Commercial
Interior
Laundry Leased
Exterior
Garage Carports, Spaces
Roof Type Composition
Total Parking Spaces 29
Building
Story 4
Lot Size Range 1.5 through 2.5 Acres
Others
Acceptable Financing Owner May Carry 1st, Owner May Carry 2nd
Space Rent $493,720
Listing Terms Owner May Carry 1st, Owner May Carry 2nd
Financing Cash
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Bought with Thomas McCartin • Marcus & Millichap
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