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$7,995,000

Est. payment - /mo

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0.29 Acres Lot

Active

1747 Chalcedony St San Diego, CA 92109

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:04 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240009993SD

HOA Y/N No

Lot Size 0.287 Acres

Property Description

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!

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Interior

Heating Radiant

Fireplace No

Exterior

Total Parking Spaces 16

Others

Tax ID 4164312200

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Listed by Ken Pecus • eXp Realty of California, Inc

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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