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2142-2148 Oliver Ave

San Diego, CA 92109
  • $2,850,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: 230004069
UPDATED: 57 min ago
$2,850,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,249
    SQFT
  • $1,267
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

Description

This 4 unit property features a 4 bedroom and 2 bathroom main house with a two story apartment building behind it featuring two studio apartments and one 1 bedroom apartment. The layout of the front house is open and they enjoy an updated kitchen that opens up to the dining and living room. The kitchen has granite countertops and stainless steel appliances. All the bathrooms have newer cabinetry and shower/bath tiling. There is a dedicated laundry room in the main house with a side by side washer and dryer. The main house also has Central AC (apartments have wall AC's). This home has a park like partially fenced in front yard with artificial turf with a small private backyard which is perfect for entertaining. The building in the back is adjacent to the main house and the bottom floor has two studio apartments with a 1 bedroom apartment on top. Each of the studios have great floor plans with own full size kitchen appliances and nice size bathrooms. On top of the studios is a 1 bedroom and 1 bathroom apartment with a spacious layout that spans the width and length of the building. All three of these apartments were fully upgraded with new appliances, granite countertops, newer wall AC units and each has their own stacked washer and dryers. Each apartment also has a dedicated parking space so that the property has a total of 7 parking spaces with one assigned to each unit in the back and a 2 car garage and driveway parking for the main house. This property is fully occupied with leases ending in the spring and summer of 2023. This property produces a very stable income with room for rent improvements. There is beautifully manicured yet low maintenance landscaping throughout the lot with artificial turf to keep water costs down. The subject property is located in the highly desirable Pacific Beach neighborhood of San Diego. About a half mile to the bay and one mile to the beach make this location perfect for biking and walking around this beach community. The pedestrian-friendly location is situated between 8 blocks away from Garnet Avenue offering residents the ability to take advantage of the many walkable amenities in the surrounding neighborhood given its fantastic location. The Oliver Street Property has a Walkscore of 88 which means it is a Walker' s Paradise and most residents can complete daily errands on foot. Nearby grocery and drugstore options include Trader Joes, Vons, CVS and Rite Aid. This area of San Diego is known for its many restaurants, bars, coffee shops, boutiques, retailers and beach related recreational activities. The information contained herein has been obtained from sources believed reliable. 18 Doors does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.

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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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/137426012
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2142-2148 Oliver Ave San Diego, CA 92109

  • Price: $2,850,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 57 min ago
  • ID#: 230004069
5
Beds
5
Baths
0
½ Baths
0.15
Acres
2,249
SQFT
$1,267
$/SQFT
1958
Built
Neighborhood:
Pacific Beach
County:
San Diego
Area:
Pacific Beach (92109)
Elementary School:
San Diego Unified School District
Middle School:
San Diego Unified School District
High School:
San Diego Unified School District
Property Description
This 4 unit property features a 4 bedroom and 2 bathroom main house with a two story apartment building behind it featuring two studio apartments and one 1 bedroom apartment. The layout of the front house is open and they enjoy an updated kitchen that opens up to the dining and living room. The kitchen has granite countertops and stainless steel appliances. All the bathrooms have newer cabinetry and shower/bath tiling. There is a dedicated laundry room in the main house with a side by side washer and dryer. The main house also has Central AC (apartments have wall AC's). This home has a park like partially fenced in front yard with artificial turf with a small private backyard which is perfect for entertaining. The building in the back is adjacent to the main house and the bottom floor has two studio apartments with a 1 bedroom apartment on top. Each of the studios have great floor plans with own full size kitchen appliances and nice size bathrooms. On top of the studios is a 1 bedroom and 1 bathroom apartment with a spacious layout that spans the width and length of the building. All three of these apartments were fully upgraded with new appliances, granite countertops, newer wall AC units and each has their own stacked washer and dryers. Each apartment also has a dedicated parking space so that the property has a total of 7 parking spaces with one assigned to each unit in the back and a 2 car garage and driveway parking for the main house. This property is fully occupied with leases ending in the spring and summer of 2023. This property produces a very stable income with room for rent improvements. There is beautifully manicured yet low maintenance landscaping throughout the lot with artificial turf to keep water costs down. The subject property is located in the highly desirable Pacific Beach neighborhood of San Diego. About a half mile to the bay and one mile to the beach make this location perfect for biking and walking around this beach community. The pedestrian-friendly location is situated between 8 blocks away from Garnet Avenue offering residents the ability to take advantage of the many walkable amenities in the surrounding neighborhood given its fantastic location. The Oliver Street Property has a Walkscore of 88 which means it is a Walker' s Paradise and most residents can complete daily errands on foot. Nearby grocery and drugstore options include Trader Joes, Vons, CVS and Rite Aid. This area of San Diego is known for its many restaurants, bars, coffee shops, boutiques, retailers and beach related recreational activities. The information contained herein has been obtained from sources believed reliable. 18 Doors does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Exterior Features

Exterior Stucco Fencing Full Irrigation Sprinklers Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit4 2 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 AssignedUncovered Parking Non Garage Desc Unit3 AssignedUncovered Parking Non Garage Desc Unit4 AssignedUncovered Pool N/K Roof Composition Site Alley AccessWest Of I-5 Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2

Interior Features

Cooling Central Forced AirWall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type Gas

Property Features

Actual Cap Rate 4.0 Age Restrictions N/K Annual Expense Actual 12633 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Pacific Beach Complex Park None Cross Streets Olney Gross Rent Multiplier Actual 24.74 Gross Rent Multiplier Project 17.03 Gross Scheduled Income Actual 115200 Gross Scheduled Income Project 167316 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Projected Cap Rate 5.81 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 2142 Unit Number For Unit2 2144 Unit Number For Unit3 2146 Unit Number4 2148 Unit1 Deposit 1350 Unit1 Occupied Tenant Unit1 Projected Rent 2060.0 Unit1 Rent Actual 1450.0 Unit2 Deposit 1675 Unit2 Occupied Tenant Unit2 Projected Rent 2060.0 Unit2 Rent Actual 1675.0 Unit3 Deposit 2175 Unit3 Occupied Tenant Unit3 Projected Rent 2350 Unit3 Rent Actual 2175.0 Unit4 Deposit 3750 Unit4 Occupied Tenant Unit4 Projected Rent 7469 Unit4 Rent Actual 4300.0 Water Meter On Property Water District City Of San Diego

San Diego MLS logo Listing provided courtesy of 18 Doors Real Estate: [IDXCONTACTINFORMATION]. Listing information © 2023 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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