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    1924-1926 Oliver Ave

    San Diego, CA 92109
    • $1,595,000
    • STATUS: ACTIVE
    • ON SITE: 34 days
    • ID#: 200044959
    UPDATED: 35 min ago
    $1,595,000
    • 5
      BEDS
    • 0.11
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Tropical beach house surrounded by lush palms, bamboo and fruit trees with separate duplex off of alley. Located only a few blocks from the bay near the highly desired Crown Point area of Pacific Beach. Amazing investment opportunity that can bring in approximately $90K/yr in rental income. Perfect for an owner to live in the front house while making a nice rental income from the duplex. All units are updated, very well maintained & rent easily. Turnkey! Owner is a CA real estate agent. Great income property that has always rented quickly with almost no vacancies over the last 20 years. Room to increase the rents as long term rentals or make even more as vacation rentals. The front house is a 1 bedroom 1 bath house with a large bonus room that works well as an office or spare bedroom. The duplex has an upper 2 bedroom 1 bath unit with private balcony and a lower nonconforming 2 bedroom 1 bath unit with a large yard/patio area. There are 2 parking spots off of the alley with room for a 3rd tandem parking spot. This property is Zoned RM 1-1 so it may be redeveloped into 2 homes of approximately 1,875 sq ft each with rooftop decks and bay/ocean/city views. The front house was taken down to the studs 20 years ago and remodeled. It is in great condition inside/out with bamboo & stone flooring, over-sized bathtub, AC in the bedroom, matching kitchen appliances and front loading washer/dryer. Relax after a day at the beach in your high end 6 person Jacuzzi hot tub as you are surrounded by bamboo and palms. The rear duplex has recently been updated with matching stainless steel refrigerators, stoves/ovens, dishwashers, microwaves, new cabinets, counter-tops, stylish glass tile back splashes, fresh paint and more. New roof and gutters were installed in 2018 and new vinyl windows were installed 3 years ago. The duplex has a shared laundry room with a coin operated commercial Speed Queen washer/dryer. The electric panels have been upgraded to 100 AMP service. Professionally landscaped private front and backyards featuring a beautiful 60 year old giant bird of paradise tree and yucca palm tree, 9 different king palms, exotic bamboo, a loquat tree, 2 orange trees, a lemon tree, plumeria and more...

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    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/110048044
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    1924-1926 Oliver Ave San Diego, CA 92109

    • Price: $1,595,000
    • Status: ACTIVE
    • Updated: 35 min ago
    • ID#: 200044959
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.11
    Acres
    1960
    Built
    Neighborhood:
    Pacific Beach
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Tropical beach house surrounded by lush palms, bamboo and fruit trees with separate duplex off of alley. Located only a few blocks from the bay near the highly desired Crown Point area of Pacific Beach. Amazing investment opportunity that can bring in approximately $90K/yr in rental income. Perfect for an owner to live in the front house while making a nice rental income from the duplex. All units are updated, very well maintained & rent easily. Turnkey! Owner is a CA real estate agent. Great income property that has always rented quickly with almost no vacancies over the last 20 years. Room to increase the rents as long term rentals or make even more as vacation rentals. The front house is a 1 bedroom 1 bath house with a large bonus room that works well as an office or spare bedroom. The duplex has an upper 2 bedroom 1 bath unit with private balcony and a lower nonconforming 2 bedroom 1 bath unit with a large yard/patio area. There are 2 parking spots off of the alley with room for a 3rd tandem parking spot. This property is Zoned RM 1-1 so it may be redeveloped into 2 homes of approximately 1,875 sq ft each with rooftop decks and bay/ocean/city views. The front house was taken down to the studs 20 years ago and remodeled. It is in great condition inside/out with bamboo & stone flooring, over-sized bathtub, AC in the bedroom, matching kitchen appliances and front loading washer/dryer. Relax after a day at the beach in your high end 6 person Jacuzzi hot tub as you are surrounded by bamboo and palms. The rear duplex has recently been updated with matching stainless steel refrigerators, stoves/ovens, dishwashers, microwaves, new cabinets, counter-tops, stylish glass tile back splashes, fresh paint and more. New roof and gutters were installed in 2018 and new vinyl windows were installed 3 years ago. The duplex has a shared laundry room with a coin operated commercial Speed Queen washer/dryer. The electric panels have been upgraded to 100 AMP service. Professionally landscaped private front and backyards featuring a beautiful 60 year old giant bird of paradise tree and yucca palm tree, 9 different king palms, exotic bamboo, a loquat tree, 2 orange trees, a lemon tree, plumeria and more...
    Exterior Features

    Exterior Wood Fencing GatePartial Irrigation AutomaticDripSprinklers Parking Non Garage Desc Unit1 AssignedUncovered Parking Non Garage Desc Unit2 AssignedUncovered Parking Non Garage Desc Unit3 None Known Roof CompositionRolled/Hot Mop Site Alley AccessWest Of I-5 Spa Yes Spa Heat Electric Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3 View BayCityEvening Lights

    Interior Features

    Cooling Other/RemarksWall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories Other/Remarks Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 2 Water Heater Type Gas

    Property Features

    Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Pacific Beach Complex Features Spa/Hot Tub Complex Park Crown Point Cross Streets Lamont Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 17.0 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 93400 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Possession Close Of Escrow Projected Other Income 1000.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays Cable TvElectricity Terms Cal VetCashConventionalFha Unit1 Deposit 0 Unit1 Occupied Owner Unit1 Projected Rent 2400.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Owner Unit2 Projected Rent 2300.0 Unit2 Rent Actual 0.0 Unit3 Deposit 2595 Unit3 Occupied Tenant Unit3 Projected Rent 3000 Unit3 Rent Actual 2500.0 Water Meter On Property Zoning Rm 1-1

    Listing provided courtesy of Coldwell Banker Realty. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101