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5115 Saratoga

San Diego, CA 92107
  • $15,250,000
  • STATUS: ACTIVE
  • ON SITE: 88 Days
  • ID#: 220011978
UPDATED: 64 min ago
$15,250,000
  • 5
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Ocean Beach Villas is a 10-unit luxury beach-front community located steps from the sand in the eclectic beach town of Ocean Beach, San Diego. Completed in 2015, Ocean Beach Villas were built as luxury ocean view condominiums with two and three-bedroom floor plans averaging nearly 1,400 SF. The units feature open floor plans, 9-foot ceilings, large terraces and upscale, condo-quality finishes. Bi-fold doors in every unit provide up to 17-feet of unobstructed ocean views, blurring the lines between indoor and outdoor living. The stepped-back design of the terraces allows all the units to have equally good views, while preserving privacy. Ocean Beach Villas offers investors the flexibility to operate the property as a luxury apartment community or sell the units as individual condominiums. The property has historically operated as a short term/Airbnb property, offering another successful investment strategy. Ocean Beach Villa’s modern architecture and design, unmatched ocean views, and immediate for-sale exit strategy offers a rare opportunity to capitalize on today’s favorable residential housing market fundamentals.

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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/128786174
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5115 Saratoga San Diego, CA 92107

  • Price: $15,250,000
  • Status: ACTIVE
  • On Site: 88 Days
  • Updated: 64 min ago
  • ID#: 220011978
5
Beds
5
Baths
1
½ Baths
N/A
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
Ocean Beach Villas is a 10-unit luxury beach-front community located steps from the sand in the eclectic beach town of Ocean Beach, San Diego. Completed in 2015, Ocean Beach Villas were built as luxury ocean view condominiums with two and three-bedroom floor plans averaging nearly 1,400 SF. The units feature open floor plans, 9-foot ceilings, large terraces and upscale, condo-quality finishes. Bi-fold doors in every unit provide up to 17-feet of unobstructed ocean views, blurring the lines between indoor and outdoor living. The stepped-back design of the terraces allows all the units to have equally good views, while preserving privacy. Ocean Beach Villas offers investors the flexibility to operate the property as a luxury apartment community or sell the units as individual condominiums. The property has historically operated as a short term/Airbnb property, offering another successful investment strategy. Ocean Beach Villa’s modern architecture and design, unmatched ocean views, and immediate for-sale exit strategy offers a rare opportunity to capitalize on today’s favorable residential housing market fundamentals.
Exterior Features

Construction FrameStucco Parking Garages

Interior Features

Cooling Central Forced Air Elec Floor Coverings HardwoodVinyl Heating Central Forced Air Elec Sq Ft Of Improvement 14068

Property Features

Actual Gross Scheduled Income 0.0 Actual Operating Expense 0 Assumable Finance 0 Complex Features Elevator Financial Information Source Owner Gross Equity 0 Gross Multiplier 0 Have 10 Units Mandatory Remarks None Known Market Area Coastal South Motive Want Cash Out Sq Ft Source Owner Unit Number1 3 Unit Number2 7 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Eric D. Comer, Broker. 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