4088 Crown Point Drive, San Diego, CA 92109

About this commercial property

Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$8,700,000

Sold August 2023 · listed $8,300,000, orig. $11,775,000, on market February 2023 · MLS #230002968SD · Source: CRMLS

Listing Agent: Thomas McCartin · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Thomas McCartin · Marcus & Millichap

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