Skip To Content

1936 Oliver Ave

San Diego, CA 92109
  • $2,749,900
  • STATUS: ACTIVE
  • ON SITE: 19 Days
  • ID#: 240012357
UPDATED: 140 min ago
$2,749,900
  • 5
    BEDS
  • 0.21
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,300
    SQFT
  • $1,196
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Location! Location! Location! Dynamic Opportunity. Two remodeled homes on 1 Large Lot. Beach Lifestyle with Rental Income including Limitless development opportunity in the desirable Crown Point area just 2.5 blocks to Mission Bay. Quiet, private and walkable to most attractions in Pacific Beach/Mission Bay. Only the Second owner, original lot that has never been split up: approx. 9,000 sqft. Both properties are newly remodeled. Main house: Craftsman 3 bd 2 bath. Rare Solid Adobe brick-only a handful of houses in San Diego. Newer everything including roof, AC/Heat, bathrooms, luxury vinyl floors, stainless appliances (w/d), and a high end kitchen w/ custom Exotic Brazilian granite and oversized island. Second House: Beach Bungalow 2 bd 1 bath. Both homes fully fenced w/ large yards and separated by a full fence with private driveways w/ dedicated entrances. Main house also has a fenced large front yard. Chance to live, and earn immediate rental income with spare house. Both homes are currently 5 Star reviewed on Airbnb & VRBO. Crown Point is eligible for new owner short term rental licenses. As of 5/31/2024, 855 Tier 3 licenses remain (if both properties are rented) and Unlimited Tier 2 (if one house is owner occupied). Front house sleeps 12-14 guests and back house sleeps 6 guests. Buyer can choose to keep both or one properties as short term rentals, or has an option to have Seller cancel short term rentals upon close of escrow. This property is a rare gem with a potential to be an outstanding cash cow and land development. Sold with ALL furniture!

Monthly Payment Calculator

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/151201407
Print Image

1936 Oliver Ave San Diego, CA 92109

  • Price: $2,749,900
  • Status: ACTIVE
  • On Site: 19 Days
  • Updated: 140 min ago
  • ID#: 240012357
5
Beds
3
Baths
0
½ Baths
0.21
Acres
2,300
SQFT
$1,196
$/SQFT
1950
Built
Neighborhood:
Pacific Beach
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
Location! Location! Location! Dynamic Opportunity. Two remodeled homes on 1 Large Lot. Beach Lifestyle with Rental Income including Limitless development opportunity in the desirable Crown Point area just 2.5 blocks to Mission Bay. Quiet, private and walkable to most attractions in Pacific Beach/Mission Bay. Only the Second owner, original lot that has never been split up: approx. 9,000 sqft. Both properties are newly remodeled. Main house: Craftsman 3 bd 2 bath. Rare Solid Adobe brick-only a handful of houses in San Diego. Newer everything including roof, AC/Heat, bathrooms, luxury vinyl floors, stainless appliances (w/d), and a high end kitchen w/ custom Exotic Brazilian granite and oversized island. Second House: Beach Bungalow 2 bd 1 bath. Both homes fully fenced w/ large yards and separated by a full fence with private driveways w/ dedicated entrances. Main house also has a fenced large front yard. Chance to live, and earn immediate rental income with spare house. Both homes are currently 5 Star reviewed on Airbnb & VRBO. Crown Point is eligible for new owner short term rental licenses. As of 5/31/2024, 855 Tier 3 licenses remain (if both properties are rented) and Unlimited Tier 2 (if one house is owner occupied). Front house sleeps 12-14 guests and back house sleeps 6 guests. Buyer can choose to keep both or one properties as short term rentals, or has an option to have Seller cancel short term rentals upon close of escrow. This property is a rare gem with a potential to be an outstanding cash cow and land development. Sold with ALL furniture!
Exterior Features

Exterior AdobeBrick Fencing Full Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 1 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 0.57 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 Park n/a Cross Streets Lamont Gross Rent Multiplier Actual 0.57 Gross Scheduled Income Actual 156000 Home Owners Fees 0.0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms Cash Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Rent Actual 6500.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Rent Actual 5000.0 Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Svetlana Volkova of Svetlana Volkova: 619-500-2405. 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.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240012357-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240012357-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240012357-2.jpg
Logo
The Neuman Team
516 5th Avenue
San Diego CA, 92101