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3747-53 Udall Street

San Diego, CA 92107
  • $4,825,000
  • STATUS: ACTIVE
  • ON SITE: 18 Days
  • ID#: 240009951
$4,825,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

PROBATE SALE | VALUE-ADD MULTI-FAMILY OPPORTUNITY IN PRIME COASTAL POINT LOMA: 3747-53 Udall Street is a highly unique, Loch Crane (architect) designed, value-add / redevelopment multi-family opportunity located in the coveted coastal A+ enclave of Point Loma (city of San Diego). The property boasts 10 units (1 – nonconforming) on 3 separate and adjoining parcels with a total parcel size of approx. 13,290 SF. Located in the Complete Communities overlay with RM-3-7 zoning, the property has several opportunities to add ADU’s to both existing built out space (multiple garages and non-conforming space) and brand new construction in the excess land portion of the site. The property is strategically located within 300 feet of the local Point Loma / Hervey Branch Library and community park. It is also boasts a WalkScore of 88 and is within close proximity to top rated schools (elementary through University), upscale shopping, restaurants, tap houses, parks and more. Also within walking distance is Liberty Station, a 361 acre mixed use development featuring a wide array of vibrant restaurants, shopping, movie theaters, wedding venues, office buildings, hotels and residential homes.

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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/150265417
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3747-53 Udall Street San Diego, CA 92107

  • Price: $4,825,000
  • Status: ACTIVE
  • On Site: 18 Days
  • ID#: 240009951
3
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
PROBATE SALE | VALUE-ADD MULTI-FAMILY OPPORTUNITY IN PRIME COASTAL POINT LOMA: 3747-53 Udall Street is a highly unique, Loch Crane (architect) designed, value-add / redevelopment multi-family opportunity located in the coveted coastal A+ enclave of Point Loma (city of San Diego). The property boasts 10 units (1 – nonconforming) on 3 separate and adjoining parcels with a total parcel size of approx. 13,290 SF. Located in the Complete Communities overlay with RM-3-7 zoning, the property has several opportunities to add ADU’s to both existing built out space (multiple garages and non-conforming space) and brand new construction in the excess land portion of the site. The property is strategically located within 300 feet of the local Point Loma / Hervey Branch Library and community park. It is also boasts a WalkScore of 88 and is within close proximity to top rated schools (elementary through University), upscale shopping, restaurants, tap houses, parks and more. Also within walking distance is Liberty Station, a 361 acre mixed use development featuring a wide array of vibrant restaurants, shopping, movie theaters, wedding venues, office buildings, hotels and residential homes.
Exterior Features

Parking GaragesSpaces

Interior Features

Sq Ft Of Improvement 6146

Property Features

Actual Cap Rate 0.72 Actual Gross Scheduled Income 129660.0 Actual Operating Expense 94753 Assumable Finance 0 Buildings 3 Gross Equity 0 Gross Multiplier 37.21 Have N/A Mandatory Remarks None Known Market Area Coastal South Motive Want N/A Projected Cap Rate 8.33 Projected Gross Multiplier 9.46 Projected Gross Operating Inc 533860 Projected Gross Scheduled Inc 549853 Projected Net Income 401738 Projected Operating Expense 132122 Projected Vacancy And Credit Loss 15993 Short Sale No Sq Ft Source Buyer to VerifyTax Record Unit Number1 5 Unit Number2 5

San Diego MLS logo Listing provided courtesy of Corey Mchenry of David Santistevan: 619-565-0179. 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