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1746 Oliver Avenue

San Diego, CA 92109
  • $4,295,000
  • STATUS: ACTIVE
  • ON SITE: 6 Days
  • ID#: 240010733
New On Site 6 Days Ago
UPDATED: 75 min ago
$4,295,000
  • 7
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present for sale the recently renovated trophy asset, Oliver Village. Located in Crown Point within Pacific Beach, Oliver Village boasts an unrivaled unit mix of 4, 2-bedroom townhomes and a standalone 3-bedroom house. Units average 1,155 square feet and boast rents just under $4,500 per unit. Oliver Village was fully renovated with modern touches in 2022 – all units feature stainless steel appliances, hard surface flooring, completely renovated bathrooms, upgraded countertops, modern finishes, and an upgraded paint scheme. No expense was spared upgrading the property with all new dry scape landscaping, new gates, new turf for the private patios and backyards, new awnings, new AT&T fiber optic cable, all new lighting, and a full paint job. This one-of-a-kind property offers a new owner the ability to own a trophy community in one of San Diego’s most desirable submarkets that offers tenants an unbeatable locale. Fully stabilized, a new owner can enjoy above market cashflow on day one of their ownership, within one of the steadiest and most robust coastal rental markets in all of San Diego. A savvy new owner may be able to split the 3-bedroom house into 2 separate units within ADU laws while capturing the space from the attached 1-car garage, offering further upside.

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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/150545135
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1746 Oliver Avenue San Diego, CA 92109

  • Price: $4,295,000
  • Status: ACTIVE
  • On Site: 6 Days
  • Updated: 75 min ago
  • ID#: 240010733
7
Beds
6
Baths
1
½ Baths
N/A
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
We are pleased to present for sale the recently renovated trophy asset, Oliver Village. Located in Crown Point within Pacific Beach, Oliver Village boasts an unrivaled unit mix of 4, 2-bedroom townhomes and a standalone 3-bedroom house. Units average 1,155 square feet and boast rents just under $4,500 per unit. Oliver Village was fully renovated with modern touches in 2022 – all units feature stainless steel appliances, hard surface flooring, completely renovated bathrooms, upgraded countertops, modern finishes, and an upgraded paint scheme. No expense was spared upgrading the property with all new dry scape landscaping, new gates, new turf for the private patios and backyards, new awnings, new AT&T fiber optic cable, all new lighting, and a full paint job. This one-of-a-kind property offers a new owner the ability to own a trophy community in one of San Diego’s most desirable submarkets that offers tenants an unbeatable locale. Fully stabilized, a new owner can enjoy above market cashflow on day one of their ownership, within one of the steadiest and most robust coastal rental markets in all of San Diego. A savvy new owner may be able to split the 3-bedroom house into 2 separate units within ADU laws while capturing the space from the attached 1-car garage, offering further upside.
Exterior Features

Parking Spaces Total 7 Units With Garages 1

Interior Features

Sq Ft Of Improvement 5416

Property Features

Actual Cap Rate 4.4 Actual Gross Scheduled Income 271269.0 Actual Operating Expense 82168 Assumable Finance 0 Buildings 3 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 15.83 Have Units Leased Apartments 5 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 22475 Motive Want Sell Other Income Source 8160 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 3 Unit Number2 1 Unit Number3 1 Unit Rent Total1 11985 Unit Rent Total2 4195 Unit Rent Total3 6295 Unit Rent1 3995 Unit Rent2 4195 Unit Rent3 6295

San Diego MLS logo Listing provided courtesy of Erik Anderson of NorthMarq Multifamily: 858-395-6935. 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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The Neuman Team
516 5th Avenue
San Diego CA, 92101