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    5220 Cass St

    San Diego, CA 92109
    • $2,900,000
    • STATUS: ACTIVE
    • ON SITE: 124 days
    • ID#: 210000440
    UPDATED: 212 min ago
    $2,900,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,401
      SQFT
    • $853
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Commercial Appraisal Report Completed in March Call Agent to review. Commercial Building and a Single Family Home walking distance to the beach! This property has not been on the market in over 35 years. Large corner lot with a “Excellent Drive-By Exposure”; situated on two famous streets in Pacific Beach (Cass & Turquoise). Lot is approximately 11,279sq/ft and boarders La Jolla and North Pacific Beach. The automotive tenant occupies the front lot with a building consisting of 3 auto bays; an office, a large front fenced 12 car parking lot and a secondary smaller back fenced lot. The “renovated” 1,338sq/ft 3-bedroom, 1.5 bathrooms residence has its own address (5220 Cass Street) and comes with a small fenced front and backyard along with 2 Off Street Parking Spaces. The Lot abuts the back alley for a third access point. Both tenants have lower than market value rents for a value add to new owner or possibly a redevelopment location. Close to shops, stores, deli, restaurants and public transportation. Located in the heart of Pacific Beach.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/113090728
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    5220 Cass St San Diego, CA 92109

    • Price: $2,900,000
    • Status: ACTIVE
    • Updated: 212 min ago
    • ID#: 210000440
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    3,401
    SQFT
    $853
    $/SQFT
    1948
    Built
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Commercial Appraisal Report Completed in March Call Agent to review. Commercial Building and a Single Family Home walking distance to the beach! This property has not been on the market in over 35 years. Large corner lot with a “Excellent Drive-By Exposure”; situated on two famous streets in Pacific Beach (Cass & Turquoise). Lot is approximately 11,279sq/ft and boarders La Jolla and North Pacific Beach. The automotive tenant occupies the front lot with a building consisting of 3 auto bays; an office, a large front fenced 12 car parking lot and a secondary smaller back fenced lot. The “renovated” 1,338sq/ft 3-bedroom, 1.5 bathrooms residence has its own address (5220 Cass Street) and comes with a small fenced front and backyard along with 2 Off Street Parking Spaces. The Lot abuts the back alley for a third access point. Both tenants have lower than market value rents for a value add to new owner or possibly a redevelopment location. Close to shops, stores, deli, restaurants and public transportation. Located in the heart of Pacific Beach.
    Exterior Features

    Construction BlockBrickConcrete Location CornerFree StandingRemarks Lot Dimensions Approx 144X78 Neighboring Business Type1 Deli Heidi's 980 Turquoise St. Neighboring Business Type2 Bakery French 960 Turquoise St Neighboring Business Type3 Arco Market/Gas 985 Turquoise Parking On SitePrivatePublicStreetOther/Remarks Parking Free Form 12 Spots Parking Ratio .85 To 1000Sq' Roof Rock/Gravel

    Interior Features

    Common Restrooms 1 Cooling None Heating Other/Remarks Private Restrooms 2 Restrooms 3 Stories 1 Story Unit Size1 2200 Unit Size2 1338 Vacant Sq Ft 0

    Property Features

    Actual Gross Scheduled Income 58594.0 Actual Operating Expense 56808 Assumable Finance 0 Building Amenities Office TrailerFully Gated3 Garage BaysStorage Buildings 2 Commercial Property Type Industrial Sale Existing Financing Other/Remarks Financial Information Source Other/Remarks Fiscal Year From 19 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Lease Expires1 09/2029 Lease Expires2 Month To Month Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 7325 Monthly Rent1 3012 Monthly Rent2 2200 Motive Want Cash Out Occupancy Percent 100 Overall Percent Vacant 0 Property Type Other/Remarks Sale Includes BuildingLandLeasesOther/Remarks Sales Restrictions Call Agent Short Sale No Special Other/Remarks Sq Ft Source Owner Tenant Pays ElectricGasTrashWaterOther/Remarks Terms Other/Remarks Unit Number1 986 Unit Number2 5220 Zoning Commercial

    Listing provided courtesy of Discovery Property Group, Inc.. Listing information © 2021 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 © 2021 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