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$5,250,000
Est. payment /mo
4,330 Beds
9,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260008602
Bedrooms 4330
Full Baths 3464
Lot Size 9,227 Sqft
Lot Dimensions 100x94
Property Sub-Type Com-Res Income
Property Description
*** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***3.25% Cap Rate***GRM 19.3***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!
Location
State CA
County San Diego
Area Coastal South
Zoning RM-1-1
Interior
Heating Wall
Flooring Other/Remarks
Fireplace No
Laundry Owned
Exterior
Parking Features Garages
View Y/N No
Roof Type Composition
Total Parking Spaces 4
Building
Dwelling Type Other/Remarks
Story 2
Others
Senior Community No
Tax ID 351-471-21-00
Acceptable Financing Cash, Exchange Up, Other/Remarks
Listing Terms Cash, Exchange Up, Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008602
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Listed by Robert Antoniadis, DRE#01727428 Robert Realty
Nearby School & Business
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