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3314 MISSION BLVD, San Diego, CA 92109

Commercial property

3314 MISSION BLVD, San Diego, CA 92109 Sold May 2024 CRMLS
$5,100,000Sold May 2024

Listing Agent: Salvatore Cefalu (DRE #01435914) · Listing Office: Keller Williams San Diego Metro · Contact: 619-233-5935 · Bought with: John Gerro · JOHN M. GERRO · MLS #240003292SD · Source: CRMLS

8
Units
5.50%
Cap Rate
4,571 sqft
Lot Size
Commercial property
Type

About this commercial property

CLEAN,CRSIP, Multi Car PARKING and Furnished! Welcome to Your Next Investment Triumph at 3314 Mission Blvd, San Diego, CA – A Rare 8-Unit Multi-Family Paradise!Nestled in the heart of America's Finest City. The CROWN JEWEL in the competitive world of real estate. This exclusive 8-unit multi-family PROPERTY IS COMPRISED of 7, 2 BEDROOM 1 BATH with 1, 1 Bed/1 Bath. Truly a lucrative investment opportunity set against the backdrop of San Diego's vibrant lifestyle.Ideally positioned in the coveted Mission Beach neighborhood, this property is a stone's throw away from the sun-kissed shores and the lively energy of Mission Bay. Tenants are treated to the best of both worlds – the tranquility of a coastal retreat and the excitement of urban living. A modern masterpiece, architectural triumph that seamlessly marries form and function. Each unit showcases contemporary design elements, providing an aesthetic appeal that complements the coastal surroundings. From sleek finishes to open layouts, these residences redefine luxury living. This property caters to a spectrum of lifestyles with a versatile array of unit configurations. Whether it's the young professional seeking a trendy one-bedroom haven or a family in need of spacious two-bedroom accommodations, 3314 Mission Blvd has a home for everyone.This multi-family gem is not only a visual delight but a cash flow powerhouse. The thriving rental market in San Diego ensures a steady stream of income, while the property's strategic location sets the bar high! The owner just completed an extensive interior/exterior upgrade. Property short term rental numbers were in excess of $80,000 for several months in Summer of 2023.Property Was taken down to the Studs ! Each unit has fully functional Heat/AC with Custom Kitchen and Baths! Updated Electrical ! Property also features Common Laundry with Storage and BBQ Area !

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$5,100,000
Sold May 2024 · listed $5,199,000, orig. $5,595,000, on market February 2024 · MLS #240003292SD · Source: CRMLS
Listing Agent: Salvatore Cefalu · Listing Office: Keller Williams San Diego Metro · Contact: 619-233-5935 · Bought with: John Gerro · JOHN M. GERRO
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