4911 Del Mar Avenue,
San Diego CA, 92107
Description
4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.72% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diegos most gentrifying beach communities. Due to the propertys close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.
Details
| MLS# | 200048842 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 183 |
Features
| Units | 8 |
|---|
Market Activity 92107
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Learn More About This Property
| Area Information | |
|---|---|
| State | CA |
| County | San Diego |
| City | San Diego |
| Zip Code | 92107 |
| Area | 92107 - Ocean Beach |
| Listing VS Median (in 92107) | |
Price: $3,495,000 low | high Med: $1,345,000 On Site: 183 low | high Med: 173 Sourced by Back At You | |
MLS Number: 200048842Listing Provided By:
Christopher Sarver of Acre Investment Real Estate