Pleased to present 2850-56 E Broadway, an 8-unit apartment complex in Golden Hill. The subject property was built in 1951 and was extensively remodeled in 2024. The unit mix is comprised of three (3) studios, one (1) one bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units with an approximate combined 3,684 rentable square footage. Six of the eight units of the property have been extensively upgraded with vinyl plank floors, quartz countertops, farmhouse kitchen sinks, shaker cabinets, ceiling fans, tile showers, and stainless appliances. The property also has upgraded windows, electrical, and in-unit washer/dryers (select units). 2850-56 E Broadway is located in Golden Hill, a neighborhood situated on the south end of the world-famous Balboa Park. Golden Hill is well known for its easy access to major employment centers such as Downtown, Mission Valley, and South Bay. The area has recently come to see an influx of new bars and restaurants pushing south from North Park along the 30th St corridor and Fern St. High walkability, chic local diners which showcase a sense of place and convenience to Balboa Park, Downtown, and freeways make this niche neighborhood extremely desirable. Often touted as a haven for artists and musicians.
We are pleased to present The Hamilton Bungalows at 3917-3931 Hamilton Street in prime North Park, San Diego, California. With a successful history as vacation rentals and currently operating as long-term rentals, Hamilton Street is composed of all bungalow units with no shared walls. The property boasts one of the most coveted areas of southern California and a mix of vintage interiors to fully renovated units. This is a boutique style apartment community units features concrete and granite countertops, stainless steel appliances, dual pane windows, refinished dark hardwood flooring and A/C. serious attention to detail and meticulous care from ownership. The property is comprised of a single 2-bedroom /1-bath casita (approximately 850SF), eight 1-bedroom / 1-bath casitas (approximately 500SF), and a single non-conforming studio unit and laundry room that was converted from two single car garages. One of the vacation rentals is still in operation and proves an easy model to increase income almost 20% if desired without any further upgrades to the property. Currently 11 total structures rest on the properties extra large, 2-parcel, 13,975 square-foot lot. Multifamily developments nearby on similar footprints are building 6 stories of apartments. Zoning is RM3-9 yielding 1 dwelling unit per 600 square foot of lot area under base zoning. The property lies within the complete communities tier 3 overlay as well, which allows for extreme density possibilities with a maximum FAR of 6.5. An astute investor may also see the value in renovating units to highest end finishes, raising rents and building two additional homes in the front right (where an existing casita was just demolished and has grandfathered privileges), and replacing the northern garages with a 3-story home. One might also look into retro-actively converting the non-conforming studio into a legal unit through San Diegos ADU program which is actively seeking to expand housing with few ADU conversions being denied at the city level. North Park boasts a prime location, proximate to downtown San Diego, Hillcrest and Balboa Park, offering residents easy access to a vibrant urban lifestyle and abundant recreational activities. Additionally, North Parks strong rental market, fueled by its proximity to major employers, universities, and healthcare facilities, ensures consistent demand for housing, making it a reliable investment option. Moreover, the neighborhoods diverse community and thriving cultural scene contribute to its appeal, attracting a wide range of tenants seeking a dynamic urban experience. Finally, with ongoing revitalization efforts and planned infrastructure improvements, North Park promises long-term appreciation potential, making it an attractive choice for savvy real estate investors seeking both stability and growth opportunities.
Welcome to 2401 Imperial Ave, an exceptional commercial property situated in the bustling heart of San Diego, CA. Boasting a prime location with high visibility and accessibility, this property presents an outstanding opportunity for investors seeking solid returns and value enhancement. With two well-established tenantsa thriving auto body shop and a bustling tire shopthis property enjoys a steady income stream with ample room for growth. The current 5.47% cap rate underscores its attractiveness as an investment, while the pro forma projection of a 7.62% cap rate highlights its potential for enhanced profitability. Strategically positioned to capitalize on the robust demand for automotive services in the area, this property offers investors the chance to maximize value through lease increases and value-added improvements. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to enter the lucrative commercial real estate market, 2401 Imperial Ave presents an enticing opportunity for success. Don't miss your chance to own a piece of San Diego's thriving commercial landscape. Schedule a viewing today and discover the endless possibilities awaiting you at 2401 Imperial Ave. Please call for a showing and details.
Senior complex for 62+ and disabled residents. The existing conditional use permit will convey with the sale. There are no additional restrictions on rental income, other than standard CA rent control law. There is the possibility of adding 3 ADUs. There is a 320 SF recreation room. Large communal grassy yard with picnic tables. There have been two new construction developments in the last five years within three blocks of subject property; one on Fulton and one on Ulric. USD has made many improvements to their campus in the last decade, which has had a cascade affect improving the zip code. Walking distance to public transportation, a supermarket, other shopping, dining and services. Two 1/1 apartments are being used by the resident manager as a 2/2. Seller assumes that a door could be reinstalled to restore the two 1/1 units. In effect the resident manager receives a 2/2 for less than $600 a month. In effect that is about $20k compensation.
Pleased to present Atlas on 69th, an exciting multifamily development located at 5160 69th Street in San Diego, California. The asset features a fully renovated 3-bedroom/2-bathroom plus den single story unit, and six newly constructed units comprised of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. This pride of ownership asset presents a very well thought out and refined design concept with no expense spared. Unit Interiors feature a profusion of natural sunlight with luxury fixtures and finishes, complimented with smart home keyless entry, recessed LED lighting, designer ceiling fans, high-end entries and flooring, quartz countertops, custom backsplash, full appliance packages, custom bathrooms, in-unit laundry, ample closet space, and ductless split HVAC systems. Select units feature high ceilings and private patios. Community amenities include beautiful drought resistant landscaping design with drip irrigation, lighted pathways, and gated interior common area for the detached three bedroom unit. The project also boasts solar rooftop arrays, reducing utility costs for tenants, and with a utility bill back system in place further reducing utility costs for ownership. The area provides the ultimate convenience to beautiful parks with manicured green space, with modern joint-uses, great scenic walking trails and jogging areas, easy freeway access, and an abundance of restaurants, shopping, and coffee shops.
On the market for the first time in 30 years, these two contiguous lots have been owned by the same family for nearly three decades. The property comprises 2 contiguous lots totaling 19,089 sq ft of land and an 8,227 sq ft building, both boasting 134 feet of frontage on bustling University Avenue in the heart of City Heights. With over 21,268 cars passing by daily, this prime location offers maximum exposure for any business and exceptional potential for developers, thanks to newly relaxed regulations on transportation corridors.
Great corner location with high visability from both streets. Well maintained. Current set up is for a doctor's office. Large reception area with 4 exam rooms, kitchen area, storage closet, office and pre-exam room. Overall, in excellent condition and ready for your client to move in. Large gated parking area in rear of building.
Coronado Villas is located at 824 & 828 Coronado Court, Mission Bay in San Diego, CA 92109. 828 Coronado Court is located on the bayfront and is further referenced as APN 423-718-08-00. 824 Coronado Court is located directly across the alley fronting Bayside Walk and further referenced as APN 423-716-07-00. The property was originally built as an 8-unit apartment property. However, it is currently being operated as a 7-unit rental. The unit mix is balanced with (1) studio apartment, (3) one-bedroom, one-baths, (1) two-bedroom, one bath, (1) three-bedroom, two-bath and an owners apartment three-bedroom, three-bath. Coronado Villas offers a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner user plus rental. The property can be operated immediately as a short-term rental if the owner resides in the property for at least nine months out of the year. In order to obtain a short-term rental permit, non owner occupied, an application must be made and be placed on the waiting list. This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
Interested in outstanding returns? Check out this real estate opportunity in vibrant Barrio Logan, San Diego, with highly attractive assumable financing. 315-19 S 28th Street & 2809-11 Clay Ave are two adjacent parcels consisting of 9 total units (one parcel 4u the other parcel 5u). The property has an existing Freddie Mac assumable loan available with a balance of $1,140,000 and an interest only rate of 3.57% thru 2031! With current rents this reflects a day one cash on cash return of 6.3%! With an attractive unit mix, strong rental upside, central San Diego County location and entry level price point you are not going to find a better multi family investment opportunity in the entire county! Dont miss out!
Discover an unparalleled investment opportunity in the heart of Pacific Beach. This rare offering includes 12 units available for only $5.685M, equating to an exceptional value of approximately $473K per door. Each 4 unit building has it's own parcel number allowing for 2-4 unit residential financing with only $1.1M down! The property boasts a diverse and desirable unit mix, featuring six 2-bedroom/1-bathroom units, three 1-bedroom/1-bathroom units, and three studio units. Perfectly positioned, residents have the luxury of being just steps away from an array of restaurants, cafes, and key amenities including Trader Joe's, not to mention easy access to the bay and quick connections to major freeways. The property itself exudes great curb appeal and is currently generating a gross income of $342,540 with a net operating income (NOI) of $260,198. Operating at a 4.6% cap rate, this investment promises both immediate returns and significant potential for future appreciation. A truly exceptional chance to own a piece of Pacific Beach.
Assumable Debt @ 3.19% - current balance $1,290,000. Excellent Location 92 Walk Score supports significant increase in current rents. Unit mix consists of (2) 2bedroom/2baths, and (7) XL 1bedroom/1baths. Building in Great Condition & professionally managed.
DEVELOPMENT OPPORTUNITY awaits on this 11,873 SF (0.27 AC) flat lot that has alley access and fronts Imperial Avenue around lots of new construction. This centrally located property is zoned CN-1-3 and is in a Qualified Opportunity Zone, Complete Communities Tier 3 with a 6.5 FAR bonus, and Transit Priority Area w/ no parking requirements. The property currently consists of 4 single family dwellings and a commercial space that was last occupied as a taco shop. All 5 structures are still standing but are uninhabitable. This property has a 75 walk score and is less than a 1/2 mile to the 805. The property is a 10 minute drive to Downtown San Diego.
We are pleased to present 1424-30 Hornblend St within a desirable pocket of Pacific Beach in San Diego, CA. This Huffman building rests on a 6,237-square-foot lot and has approximately 5,800 square feet of rentable space. 1424-30 Hornblend is comprised of Four 2 Bedroom / 1 Bathroom & Four 1 Bedroom / 1 Bathroom units with 9 off-street parking spaces. 3 of the units have been partially to fully renovated (1424.5, 1428, 1430) and receive market rents while the rest are well under market showing a proven renovation model. ADU Geeks have recently provided plans for six small 318 SF studio ADUs to be built at the rear of the building which would be perfect for the value-add investor. This property offers investors the unique opportunity to acquire a value-add property in the heart of Pacific Beach near restaurants, shops, and stores. Located only seven blocks from Mission Bay and Mission Beach tenants get to enjoy water sports year-round. Pacific Beach is known by locals as PB and attracts the most desirable demographic of tenants. Increasing market demand continues to raise rent income and maintain low vacancy rates in the PB neighborhood
$100K PRICE IMPROVEMENT! BRING ALL OFFERS! Potential Creative Financing (inquire w/ listing agent). Easy and clean property to maintain and cash flow. Excellent low maintenance property in a strong rental market! Front 2br/1bt cottage lives like a SFR w/ no shared walls, laundry, and outdoor space. Back building roof has recently been replaced and all units have A/C and Tankless water heaters. The property has recently upgraded units, low expenses due to updated systems (back roof, tankless water heaters), low maintenance landscaping, and detached 2br cottage provides an excellent opportunity for a buyer to live in front and rent out back or have solid rental property with sound fundamentals.
BIG PRICE IMPROVEMENT- DOWN $300k w/ increased income. Excellent Value-Add w/ moderate renovations needed to achieve 6.63%+ cap rate. ADU potential for 1-2 more units. 16 unit property in Colina Del Sol in San Diego. This one building property contains an excellent unit mix of 10 1bd/1bt units, 4 2bd/1.5bt units and 2 Studios. Majority of the units have recently been remodeled with new laminate flooring, paint, stainless steel appliances, tiled showers, AC (in select units), new cabinets, quartz countertops, and the newest 1br remodel has in-unit washer/dryer. This property has been well maintained and can offer upside in rents with minimal remodeling required.
Flexible CC-3-6 Zoning. Opportunity Zone! Discover this eclectic gem at 631 30th St. This open-concept, funky artist retail storefront offers a unique fusion of versatility and charm, perfectly suited for those with an eye for unconventional spaces. Amazing live-work space! Whether you're showcasing your latest creations or curating an unforgettable experience for patrons. Multiple sliding and roll up doors allow ample room to maneuver and customize, the possibilities are as limitless as your imagination. Entertainment space that seamlessly transitions from day to night. From intimate gatherings to lively events, this venue sets the stage for memorable moments and meaningful connections. Viewing deck provides views of Coronado Bridge. $400/mo billboard income.
We are extremely proud to present 801-807 Coronado Court - Two Adjacent (5) unit properties with 10 private tuck under parking spaces (one space per unit). The total combined bed/bath mix consists of (8) One bedroom / one bath units & (2) Two Bedroom / One bath corner units with excellent natural lighting, calming coastal breezes, and access to unused common area space that can be partitioned off for private enjoyment or extra storage. 1 minute walk to the sand (beach or bayside).... Call brokers for recent upgrades and other critical insights.
3928 Alabama Street is a solid 12 unit building in North Park near University Heights, Hillcrest and Morley Field with individual APNs for eight of the units. The approximately 6,714 square foot three-story structure was built in 1970 and is situated on a 7,118 square foot lot. The strong unit mix features six 2 Bed / 1.5 Bath units and two 1 Bed / 1 Bath units with dishwashers as well as a two 1 Bedroom and two Studio ADUs. The property features ample parking and remodeled units with additional upside in the rents. Buyer to verify Square Footage. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.
3738-3740 Van Dyke Avenue is an 11-unit apartment complex that consists of 7,584 rentable square feet situated on a 10,497 square foot lot with ample parking. The unit mix consists of six well laid out 2 Bedroom / 1 Bathroom units and five spacious 1 Bedroom / 1 Bathroom units. The property was built in 1980 and features three double car and two single car garages, common laundry facilities, and plenty of parking in the front. The property has been well-maintained and seven of the units have been remodeled. There is 2.98% assumable debt available due in December 2025.
We are pleased to present for sale the recently renovated trophy asset, Oliver Village. Located in Crown Point within Pacific Beach, Oliver Village boasts an unrivaled unit mix of 4, 2-bedroom townhomes and a standalone 3-bedroom house. Units average 1,155 square feet and boast rents just under $4,500 per unit. Oliver Village was fully renovated with modern touches in 2022 all units feature stainless steel appliances, hard surface flooring, completely renovated bathrooms, upgraded countertops, modern finishes, and an upgraded paint scheme. No expense was spared upgrading the property with all new dry scape landscaping, new gates, new turf for the private patios and backyards, new awnings, new AT&T fiber optic cable, all new lighting, and a full paint job. This one-of-a-kind property offers a new owner the ability to own a trophy community in one of San Diegos most desirable submarkets that offers tenants an unbeatable locale. Fully stabilized, a new owner can enjoy above market cashflow on day one of their ownership, within one of the steadiest and most robust coastal rental markets in all of San Diego. A savvy new owner may be able to split the 3-bedroom house into 2 separate units within ADU laws while capturing the space from the attached 1-car garage, offering further upside.
Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!
Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!
PROBATE SALE | VALUE-ADD MULTI-FAMILY OPPORTUNITY IN PRIME COASTAL POINT LOMA: 3747-53 Udall Street is a highly unique, Loch Crane (architect) designed, value-add / redevelopment multi-family opportunity located in the coveted coastal A+ enclave of Point Loma (city of San Diego). The property boasts 10 units (1 nonconforming) on 3 separate and adjoining parcels with a total parcel size of approx. 13,290 SF. Located in the Complete Communities overlay with RM-3-7 zoning, the property has several opportunities to add ADUs to both existing built out space (multiple garages and non-conforming space) and brand new construction in the excess land portion of the site. The property is strategically located within 300 feet of the local Point Loma / Hervey Branch Library and community park. It is also boasts a WalkScore of 88 and is within close proximity to top rated schools (elementary through University), upscale shopping, restaurants, tap houses, parks and more. Also within walking distance is Liberty Station, a 361 acre mixed use development featuring a wide array of vibrant restaurants, shopping, movie theaters, wedding venues, office buildings, hotels and residential homes. The property currently consists of 5 1BR/1BA (one non-conforming - which was previously a 2BR/1BA unit) & 5 2BR/1BA units with one of the 2BRs being an architecturally significant and oversized owners unit with high ceilings, floor to ceiling windows overlooking a large outdoor space. There are additionally 3 garages. Currently, 50% of the units are vacant and gutted. The occupied units have had recent upgrades, but current rents are still low given the location and rental demand in the area. There is significant upside potential through further renovations and adding in-unit washer/dryers as well as predictably adding 6 additional ADUs to the property, and potentially more (buyer to investigate).
REFRESHED AND IMPROVED! Incredible once-in-a-lifetime opportunity to acquire a six-unit trophy property directly on the sand in Sail Bay. The property exudes the pride of ownership, meticulously maintained over the last 18 years. The main unit boasts water views from every main living area, tons of natural light, 4 bedrooms and 2.5 bathrooms. Plenty of entertainment space with multiple balconies, patio, grass space, 3 living rooms/ family rooms and direct sand access to enjoy water activities. This one-of-a-kind property also includes (1) 2 bed/2.5 bath and (4) 1 bed/1 bath units, currently rented below market value rents. There is potential to increase the NOI by bringing all rents to market rates. The main 4 bed/2.5 bath unit is an extremely successful vacation rental, continuously booked year-round. Additional income from the laundry machines on the property. Each unit is individually metered for electricity, with a new roof installed in 2021. This property has been self-managed for the last 18 years by the current owners, ensuring exceptional care. This rare offering presents a unique opportunity to add a highly sought-after asset to your commercial real estate portfolio. Don't miss out on this chance to acquire a well-maintained property in a prime location.
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Based on information from CRISNet MLS as of 6/28/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
