930 Felspar St, Pacific Beach/Mission Beach, CA 92109

$11,995,000

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List Price
$11,995,000
Price Change
▼ $5,000 1782801917
Status
ACTIVE
MLS#
260002969SD
Lot Size
14,077
Acres
0.32
Days on Market
175
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

A twenty-four (24) unit property located just off the coast of Pacific Beach, San Diego. The property is situated on a 14,077 square foot lot and is comprised of eight (8) studio units and sixteen (16) one bedroom/one-bath units. The property was recently remodeled inside and out with luxury finishes and a modern design. All units have been upgraded with new cabinets, quartz countertops, vinyl plank flooring, stainless appliances, and lighting fixtures. The property’s landscaping, windows, and common areas have also been upgraded. Pacific Beach is one of the best multifamily investment neighborhoods in San Diego. Additionally, this property is has a walk score of 93. Residents enjoy being just a few blocks from the Pacific Ocean and close to Garnet and Grand Ave, allowing residents to enjoy both the beach and local shops and restaurants all within just a short walk. This property is an opportunity for an investor to participate in the upside of this stable and growing beach community.

Additional Information

Cooling
Yes
Exterior Construction
Frame, Stucco
Attached Structure
Detached
Number Of Units Total
24
Gross Scheduled Income
$743,328
Operating Expense
273241

Listing courtesy of Listing Agent: Evan Faulkner (evanfaulkner@gmail.com) from Listing Office: Rise Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.