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3980 Crown Point Dr

San Diego, CA 92109
  • $2,125,000
  • STATUS: ACTIVE
  • ON SITE: 60 Days
  • ID#: 220014287
Price Reduced
UPDATED: 26 min ago
$2,125,000
  • 4
    BEDS
  • 0.1
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,600
    SQFT
  • $817
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Ratings & Info

Description

This is a fantastic opportunity to purchase a coastal three (3) unit complex (+1 non conforming Studio) in the high-demand rental market of Pacific Beach. The subject property is located on a 4,372sf lot consisting of one (1) 2Bedroom / 2Bathroom, (2) 1Bedroom / 1Bathroom unit and (1) non-conforming studio, and is situated directly across the street from Mission Bay. •Irreplaceable Coastal San Diego Real Estate •Great Unit Mix of 2bedroom and 1bedroom Units •Includes (1) Nonconforming Unit (Can Be Converted ADU) •Significant Value-Add Potential •(3) Single-Car Garages + (3) Off-Street Parking Spaces

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/129627952
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3980 Crown Point Dr San Diego, CA 92109

  • Price: $2,125,000
  • Status: ACTIVE
  • On Site: 60 Days
  • Updated: 26 min ago
  • ID#: 220014287
4
Beds
5
Baths
0
½ Baths
0.1
Acres
2,600
SQFT
$817
$/SQFT
1967
Built
Neighborhood:
3980 Crown Point
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
This is a fantastic opportunity to purchase a coastal three (3) unit complex (+1 non conforming Studio) in the high-demand rental market of Pacific Beach. The subject property is located on a 4,372sf lot consisting of one (1) 2Bedroom / 2Bathroom, (2) 1Bedroom / 1Bathroom unit and (1) non-conforming studio, and is situated directly across the street from Mission Bay. •Irreplaceable Coastal San Diego Real Estate •Great Unit Mix of 2bedroom and 1bedroom Units •Includes (1) Nonconforming Unit (Can Be Converted ADU) •Significant Value-Add Potential •(3) Single-Car Garages + (3) Off-Street Parking Spaces
Exterior Features

Exterior Stucco Fencing Cross Fencing Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Roof Concrete Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 3 Units With Patios 2

Interior Features

Cooling Wall/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 2 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 3 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 2.71 Age Restrictions N/K Annual Expense Actual 33809 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Crown Point Complex Park Restaurants And Local Services Cross Streets Morell St Gross Rent Multiplier Actual 22.53 Gross Scheduled Income Actual 94320 Gross Scheduled Income Project 117600 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 3.78 Sales Restrictions Call Agent Security N/K Short Sale No Tenant Pays WaterElectricity Terms Other/Remarks Unit1 Deposit 1200 Unit1 Occupied Tenant Unit1 Projected Rent 2250.0 Unit1 Rent Actual 1785.0 Unit2 Deposit 2550 Unit2 Occupied Tenant Unit2 Projected Rent 3550.0 Unit2 Rent Actual 2820.0 Unit3 Deposit 1650 Unit3 Occupied Tenant Unit3 Projected Rent 2250 Unit3 Rent Actual 1860.0 Unit4 Occupied Vacant Unit4 Projected Rent 1750 Unit4 Rent Actual 0.0 Zoning R-3:Restri

San Diego MLS logo Listing provided courtesy of Apartment Realty Group (Arg). Listing information © 2022 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 © 2022 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