Skip To Content
    Return to Previous Page

    4911-4917 Del Mar Avenue

    San Diego, CA 92107
    • $3,695,000
    • STATUS: ACTIVE
    • ON SITE: 9 days
    • ID#: 200048842
    UPDATED: 11 min ago
    $3,695,000
    • 2
      BEDS
    • 0.16
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.46% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diego’s most gentrifying beach communities. Due to the property’s close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.

    Monthly Payment Calculator

    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/111089967
    Print Image

    4911-4917 Del Mar Avenue San Diego, CA 92107

    • Price: $3,695,000
    • Status: ACTIVE
    • Updated: 11 min ago
    • ID#: 200048842
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    Ocean Beach (92107)
    County:
    San Diego
    Area:
    Ocean Beach (92107)
    Property Description
    4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.46% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diego’s most gentrifying beach communities. Due to the property’s close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.
    Exterior Features

    Parking Spaces Total 5

    Interior Features

    Cooling None Sq Ft Of Improvement 6310

    Property Features

    Actual Cap Rate 3.46 Actual Gross Scheduled Income 208200.0 Actual Operating Expense 74977 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 17.75 Have Units Mandatory Remarks None Known Market Area Coastal South Motive Want Sell Projected Cap Rate 4.13 Projected Gross Multiplier 15.71 Projected Gross Scheduled Inc 235200 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 8 Unit Rent Total1 17350 Unit Rent1 2169

    Listing provided courtesy of Acre Investment Real Estate. 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.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_200048842-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_200048842-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_200048842-2.jpg
    Logo
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101