633 Missouri St.

    San Diego, CA 92109
    • $12,980,000
    • STATUS: ACTIVE
    • ON SITE: 27 days
    • ID#: 190061593
    UPDATED: 18 min ago
    $12,980,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to offer the fee interest in The Oasis, an exceptionally well located investment opportunity 60 yards to the beach and 4 blocks north of Garnet Av. in Pacific Beach, a premier coastal community in San Diego. With some ocean views, the property is comprised of 30 units that have operated at 99% occupancy over the last 5 years. As 7 newly renovated interiors have demonstrated, there are immediate opportunities to increase returns through interior renovation or short term rentals. Discover the fact that rental rates are different west of Mission Blvd. thanks to proximity to the ocean and Garnet Av. nightlife. This opportunity is unique because there is no other apartment community of this size west of Mission Blvd. in central Pacific Beach.

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/100986195

    633 Missouri St. San Diego, CA 92109

    • Price: $12,980,000
    • Status: ACTIVE
    • Updated: 18 min ago
    • ID#: 190061593
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    We are pleased to offer the fee interest in The Oasis, an exceptionally well located investment opportunity 60 yards to the beach and 4 blocks north of Garnet Av. in Pacific Beach, a premier coastal community in San Diego. With some ocean views, the property is comprised of 30 units that have operated at 99% occupancy over the last 5 years. As 7 newly renovated interiors have demonstrated, there are immediate opportunities to increase returns through interior renovation or short term rentals. Discover the fact that rental rates are different west of Mission Blvd. thanks to proximity to the ocean and Garnet Av. nightlife. This opportunity is unique because there is no other apartment community of this size west of Mission Blvd. in central Pacific Beach.
    Interior Features

    Sq Ft Of Improvement 15746

    Property Features

    Actual Cap Rate 3.7 Actual Gross Scheduled Income 780900 Actual Operating Expense 287726 Assumable Finance 0 Gross Equity 12980000 Gross Multiplier 16.6 Have Apartments Mandatory Remarks None Known Market Area Coastal South Motive Want 1031 Exchange Present Loan No Short Sale No Special Sellers Are Re Licensees Unit Number1 30

    Listing provided courtesy of Martin Mcgee. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101