$3,495,000

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 TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site183

Features

Units8

Market Activity 92107

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92107
Area92107 - Ocean Beach
Listing VS Median (in 92107)
Price:
$3,495,000
low | high
Med:
$1,345,000
100% of Average
On Site:
183
low | high
Med:
173
100% of Average
Sourced by Back At You
Listing Updated: February 25, 2021 3:47:31 PM PST
Christopher Sarver LogoMLS Number: 200048842
Listing Provided By:
Christopher Sarver  of  Acre Investment Real Estate
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.