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    2886-2888 Mission Blvd

    San Diego, CA 92109
    • $3,295,000
    • STATUS: ACTIVE
    • ON SITE: 132 days
    • ID#: 200026718
    UPDATED: 67 min ago
    $3,295,000
    • 1
      BEDS
    • 0.05
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Located in a prime high traffic south Mission Beach location. This mixed use building of 8 Units includes 5 Studios, 1 one bedroom, 2 Commercial retail spaces on ground floor. This is a great investment opportunity. Perfect for an owner user who wants to live and operate a business. Residential units have been extensively remodeled and are professionally managed. Centrally located just steps to the Ocean or Bay this building attracts the tenants that are looking small apartments and the lifestyle of the Beach.

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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/106731294
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    2886-2888 Mission Blvd San Diego, CA 92109

    • Price: $3,295,000
    • Status: ACTIVE
    • Updated: 67 min ago
    • ID#: 200026718
    1
    Beds
    8
    Baths
    0
    ½ Baths
    0.05
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Located in a prime high traffic south Mission Beach location. This mixed use building of 8 Units includes 5 Studios, 1 one bedroom, 2 Commercial retail spaces on ground floor. This is a great investment opportunity. Perfect for an owner user who wants to live and operate a business. Residential units have been extensively remodeled and are professionally managed. Centrally located just steps to the Ocean or Bay this building attracts the tenants that are looking small apartments and the lifestyle of the Beach.
    Exterior Features

    Carports 0 Parking Spaces Total 0 Units With Garages 0

    Interior Features

    Sq Ft Of Improvement 0 Units With Ranges 6 Units With Refrigerators 6

    Property Features

    Actual Cap Rate 3.5 Actual Gross Operating Income 152280 Actual Gross Scheduled Income 152280.0 Actual Operating Expense 35968 Assumable Finance 0 Buildings 1 Gross Equity 152280 Gross Multiplier 21.6 Have Mixed Use6 Res2 Com Leased Apartments 8 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 12690 Motive Want 1031 Other Income Amount 152280 Projected Cap Rate 3.6 Projected Gross Multiplier 20.8 Projected Gross Scheduled Inc 157800 Projected Net Income 120528 Projected Operating Expense 37272 Short Sale No Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent Total1 1570 Unit Rent Total2 1250 Unit Rent Total3 1250 Unit Rent Total4 1190 Unit Rent Total5 1340 Unit Rent Total6 1090 Unit Rent Total7 2600 Unit Rent Total8 2400 Unit Rent1 1570 Unit Rent2 1250 Unit Rent3 1250 Unit Rent4 1190 Unit Rent5 1340 Unit Rent6 1090 Unit Rent7 2600 Unit Rent8 2400 Zoning 6

    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