3895 Ocean View BLVD Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92113
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID SW24166114
Year Built 1913
Lot Size 3,750 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
Zoning RM-1-1
Interior
Heating Electric
Cooling None
Flooring Laminate
Fireplaces Type None
Laundry Common Area
Exterior
Pool None
Community Features Curbs,Street Lights
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional,1031 Exchange,Submit
Listing Terms Cash,Conventional,1031 Exchange,Submit
Special Listing Condition Standard