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5029 W Point Loma Blvd

San Diego, CA 92107
  • $2,995,000
  • STATUS: ACTIVE
  • ON SITE: 35 Days
  • ID#: 240005279
$2,995,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present 5029 W Point Loma Blvd, a 6-unit stabilized apartment community in Ocean Beach just a stone’s throw from the beach and popular Robb Field. Interior and exterior has been rehabilitated within the last 5 years and features five 2-bedroom / 1-bath units (one of which features it’s own roof-top patio and office), and a single 1-bedroom / 1-bath units. Unit are on the large side approximately This 1976 construction building contains 5,450 building square feet (buyer to verify) on a single 4,895 square foot lot. Select units have 10 foot ceilings, dimmable lighting, front gated entrance and rear sliding gas doors access to common areas and courtyard. The property has received several custom upgrades such as custom stained glass, glass partitions, tile flooring, cabinetry, quartz countertops, a surplus of windows and mirrors to emphasize natural lighting, recessed/pendant lighting and doors. A central private courtyard consists of seating area, firepit and bbq with secure gated entry from front and alley. Six off-street parking spaces rest at the rear of the building.

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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/148469975
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5029 W Point Loma Blvd San Diego, CA 92107

  • Price: $2,995,000
  • Status: ACTIVE
  • On Site: 35 Days
  • ID#: 240005279
3
Beds
2
Baths
0
½ Baths
0.11
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
We are pleased to present 5029 W Point Loma Blvd, a 6-unit stabilized apartment community in Ocean Beach just a stone’s throw from the beach and popular Robb Field. Interior and exterior has been rehabilitated within the last 5 years and features five 2-bedroom / 1-bath units (one of which features it’s own roof-top patio and office), and a single 1-bedroom / 1-bath units. Unit are on the large side approximately This 1976 construction building contains 5,450 building square feet (buyer to verify) on a single 4,895 square foot lot. Select units have 10 foot ceilings, dimmable lighting, front gated entrance and rear sliding gas doors access to common areas and courtyard. The property has received several custom upgrades such as custom stained glass, glass partitions, tile flooring, cabinetry, quartz countertops, a surplus of windows and mirrors to emphasize natural lighting, recessed/pendant lighting and doors. A central private courtyard consists of seating area, firepit and bbq with secure gated entry from front and alley. Six off-street parking spaces rest at the rear of the building.
Exterior Features

Carports 0 Construction Stucco Exterior Fully Landscaped Parking Spaces Parking Spaces Total 6 Roof Composition Units With Garages 0

Interior Features

Cooling Wall/Window Floor Coverings Tile Floors Wood Heating Wall Sq Ft Of Improvement 5450 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 0 Units With Ranges 6 Units With Refrigerators 6

Property Features

1st Loan Assumable 0 1st Loan Balance 0 1st Loan Interest 0 2nd Loan Assumable 0 2nd Loan Interest Rate 0 Actual Cap Rate 4.61 Actual Cash Flow 26209 Actual Cash On Cash 26209 Actual Gross Operating Income 197845 Actual Gross Scheduled Income 203964.0 Actual Operating Expense 59731 Actual Total Pi Pay 111904 Actual Vacancy And Credit Loss 6119 Assumable Finance 0 Bln Assumable 0 Bln Balance 0 Bln Balloon 0 Bln Interest 0 Bln Payment 0 Bln Year Due 0 Buildings 1 Complex Features BBQ Existing Financing ConventionalFixed Rate Financial Information Source Owner Fiscal Year From 22 Fiscal Year To 23 Gross Equity 0 Gross Multiplier 14.68 Have 6 units Leased Apartments 6 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 16997 Motive Want exchange Other Income Actual 0 Projected Annual Pi Expense 111904 Projected Cap Rate 5.77 Projected Cash Flow 60944 Projected Cash On Cash 60944 Projected Gross Multiplier 12.67 Projected Gross Operating Inc 234408 Projected Gross Scheduled Inc 236400 Projected Net Income 172849 Projected Operating Expense 61559 Projected Other Income 5100 Projected Vacancy And Credit Loss 7092 Short Sale No Sq Ft Source Owner Tenant Pays Electric y Tenant Pays Gas y Tenant Pays Water n Terms CashCash to New Loan Unit Number1 1 Unit Number2 5 Unit Rent Total1 2152 Unit Rent Total2 14845 Unit Rent1 2152 Unit Rent2 2969 Zoning rm-2-4

San Diego MLS logo Listing provided courtesy of Conor Brennan of Marcus & Millichap: 720-841-8139. 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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516 5th Avenue
San Diego CA, 92101