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$135,000

Est. payment - /mo

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9 Beds

9 Baths

5,757 SqFt

Active

4767 Ocean Boulevard San Diego, CA 92109

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Nathan King Real Estate Group

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

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Key Details

Property Type Single Family Home

Sub Type Timeshare

Listing Status Active

Purchase Type For Sale

Square Footage 5,757 sqft

Price per Sqft $23

MLS Listing ID PTP2506126

Bedrooms 9

Full Baths 9

Condo Fees $6,846

HOA Fees $6,846/ann

HOA Y/N Yes

Year Built 1971

Property Sub-Type Timeshare

Property Description

Located at 4767 Ocean Boulevard in Pacific Beach, the Capri By The Sea timeshare offering is a fantastic opportunity for a short-term rental investor to capitalize on a total of six weeks of luxury condominium timeshares in a single transaction. All six timeshares offer unobstructed, ocean views and sounds of crashing waves with floor-to-ceiling windows, breathtaking sunsets, private outdoor balconies to enjoy the fresh ocean breezes, full kitchens, and direct access to the ocean. The property is also steps away from Crystal Pier in Pacific Beach as well as plenty of nearby restaurants, shopping, and all the outdoor activities that Pacific Beach and Mission Bay has to offer vacationing guests. The Capri By The Sea property itself also provides on-site amenities such as a parking garage, an outdoor heated pool, hot tub, 24-hour security, free WiFi, business center, and rooftop grills. An investor in this transaction specifically is will purchase six APNs that come along with these timeshares, oceanfront ownership, property depreciation, no management fees, no maintenance expenses, and no cleaning fees. Estimated annual income of $16,800 / year which includes the 2-bedroom units renting for a projected $500 / night and the 1-bedroom units renting for a projected $300 / night. Total expenses for all 6 timeshares are estimated at $7,346 / year which derive from a total HOA fee of approximately $6,846, / year plus property taxes at $500 / year. There is also a San Diego vacation rental fee of $125 / week to consider for Airbnb operations. Unit APNs 415-521-41-52, 415-521-33-10, 415-521-34-18, 415-521-41-03, 415-521-34-15, 415-521-40-04

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Zoning CV-1-2

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool Association

Community Features Sidewalks

Amenities Available Pool

View Y/N Yes

View Ocean, Panoramic

Total Parking Spaces 6

Private Pool No

Building

Story 12

Entry Level One

Sewer Public Sewer

Level or Stories One

Schools

School District San Diego Unified

Others

HOA Name Capri by the Sea Condominium Owners Association

Senior Community No

Tax ID 4155214004

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2506126

Listed by Kenneth Herskind Top Gun CRE kenh@topguncre.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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