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Key Details
Sold Price $2,625,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 768 sqft
Price per Sqft $3,417
MLS Listing ID 230015440
Sold Date 11/16/23
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1960
Lot Size 5,790 Sqft
Property Description
4278-84 Olney St is a rare beach area 4-unit rental property in the highly desirable Crown Point area of Pacific Beach. Priced to sell. Walk or bike to bay or beach lifestyle is paramount to the property's evident appeal. Potential to add units, see city rules. This well cared for property features 4 units all with 2 bedrooms and 1 full bath. 3 Units feature private yards and laundry. 3 units are at ground level, with 1 unit upstairs. Potential in this multifamily zone RM to add up to 2 detached ADU units on property. Each unit has one off street parking spot with possible space for more parking. All units feature new flooring, up to date maintenance, and recent water heaters and appliances. 3 units feature new bathroom remodels, 1 completely new kitchen, and vinyl windows throughout, new custom steel railings, and contemporary landscaping. Current rents total 11,690 /mo. current with 12,800 projected. With potential ADUs the projected rents would total 18,800/mo (6units) for annual gross income of 225,600. The property is currently fully occupied with excellent pre-screened high-quality tenants. Do not disturb tenants.
Location
State CA
County San Diego
Area Pacific Beach (92109)
Building/Complex Name private
Zoning RM1-1
Interior
Heating Natural Gas
Cooling N/K, Other/Remarks
Exterior
Exterior Feature Stucco
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Water Meter on Property
Level or Stories 2 Story
Schools
Elementary Schools San Diego Unified School District
Middle Schools San Diego Unified School District
High Schools San Diego Unified School District
Others
Acceptable Financing Cash, Conventional
Space Rent $3,175
Listing Terms Cash, Conventional
Financing Conventional
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Bought with James Farajzadeh • HomeSmart Realty West
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