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1152-54 Pacific Beach Drive

San Diego, CA 92109
  • $4,250,000
  • STATUS: ACTIVE
  • ON SITE: 19 Days
  • ID#: 240006923
$4,250,000
  • 11
    BEDS
  • 0.13
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,628
    SQFT
  • $918
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

Newly renovated 4-unit investment property nestled in the sought-after Pacific Beach neighborhood of San Diego. Each expansive unit distinguished by its own unique layout, bed/bath count and charm, the property encompasses a total of 11 bedrooms and 8 bathrooms. This is a perfect opportunity for a 1031 exchange. Updates include 30 yr roof, updated rain gutters, fascia and sub roofing, wrought iron security gates w key code access, hard wired security camera installation, updated fencing and turf, new A/C/heat in all units, dual pane windows and sliders, modern garage doors + lift systems and Tesla EV Charging station. Laundry in 2 units + onsite laundry. Unit interiors have been meticulously upgraded with stainless steel appliances, quartz countertops, luxury vinyl plank flooring, electric fireplaces, recessed lighting, custom light fixtures, LED mirrors in bathrooms and more. Within 5 blocks to Mission Beach and 1 block to Sail Bay, this opportunity is a rarity in Pacific Beach for its cash flow, so do not miss your chance to own this incredible investment.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/149094045
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1152-54 Pacific Beach Drive San Diego, CA 92109

  • Price: $4,250,000
  • Status: ACTIVE
  • On Site: 19 Days
  • ID#: 240006923
11
Beds
8
Baths
0
½ Baths
0.13
Acres
4,628
SQFT
$918
$/SQFT
1980
Built
Neighborhood:
Pacific Beach
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Newly renovated 4-unit investment property nestled in the sought-after Pacific Beach neighborhood of San Diego. Each expansive unit distinguished by its own unique layout, bed/bath count and charm, the property encompasses a total of 11 bedrooms and 8 bathrooms. This is a perfect opportunity for a 1031 exchange. Updates include 30 yr roof, updated rain gutters, fascia and sub roofing, wrought iron security gates w key code access, hard wired security camera installation, updated fencing and turf, new A/C/heat in all units, dual pane windows and sliders, modern garage doors + lift systems and Tesla EV Charging station. Laundry in 2 units + onsite laundry. Unit interiors have been meticulously upgraded with stainless steel appliances, quartz countertops, luxury vinyl plank flooring, electric fireplaces, recessed lighting, custom light fixtures, LED mirrors in bathrooms and more. Within 5 blocks to Mission Beach and 1 block to Sail Bay, this opportunity is a rarity in Pacific Beach for its cash flow, so do not miss your chance to own this incredible investment.
Exterior Features

Exterior Stucco Fencing Gate Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 2 Units With Patios 4

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Common Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 2 Units With Fireplaces 4 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 2

Property Features

Actual Cap Rate 6.77 Age Restrictions N/K Annual Expense Actual 41357 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community PACIFIC BEACH Complex Park None Cross Streets Everts Gross Rent Multiplier Actual 18.11 Gross Rent Multiplier Project 17.66 Gross Scheduled Income Actual 234600 Gross Scheduled Income Project 240600 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 800 Projected Other Income 800.0 Sales Restrictions N/K Security Eqpt OwnedGated Community Sewer Septic Sewer Connected Short Sale No Tenant Pays Electricity Terms CashConventional Unit Number For Unit1 1152 Unit Number For Unit2 1154 #1 Unit Number For Unit3 1154 #2 Unit Number4 1154 #3 Unit1 Deposit 6500 Unit1 Occupied Tenant Unit1 Projected Rent 6500.0 Unit1 Rent Actual 6500.0 Unit2 Deposit 4000 Unit2 Occupied Tenant Unit2 Projected Rent 4750.0 Unit2 Rent Actual 4500.0 Unit3 Deposit 4000 Unit3 Occupied Tenant Unit3 Projected Rent 4050 Unit3 Rent Actual 4050.0 Unit4 Deposit 4500 Unit4 Occupied Tenant Unit4 Projected Rent 4750 Unit4 Rent Actual 4500.0 Zoning RM-2-5

San Diego MLS logo Listing provided courtesy of Jason Royle of Compass: 916-201-2966. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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