3895 Ocean View BLD, San Diego, CA 92113 - MLS#CRSW24166114

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 999,000

Est. payment | -/mo

3,751 Sqft Lot

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$ 999,000

Est. payment | -/mo

Save

3,751 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSW24166114

Originating Board California Regional MLS

Year Built 1913

Lot Size 3,751 Sqft

Property Description

Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.

Location

State CA

County San Diego

Area 92101 - San Diego Downtown

Rooms

Kitchen Garbage Disposal, Oven Range - Gas

Interior

Heating Electric

Cooling None

Flooring Laminate

Laundry Laundry Area

Exterior

Pool 31, None

Building

Water District - Public

Others

Tax ID 5463101400

Special Listing Condition Not Applicable

Listed by Donny Hall • Hallway Realty

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA