Get the App

5041 Santa Monica Avenue, San Diego, CA 92107

Commercial property · 2 recorded sales since 2013

5041 Santa Monica Avenue, San Diego, CA 92107 Sold July 2015 CRMLS
$7,500,000Sold July 2015

Listing Agent: Raymond Choi (DRE #01297138) · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Bill Anderson · Acre Investment Real Estate · MLS #150020159 · Source: CRMLS

22
Units
4.23%
Cap Rate
$321,492
NOI
17,498 sqft
Lot Size
Commercial property
Type

About this commercial property

Playa is a beachside retreat that includes 22 apartment homes. Located in the dynamically attractive and unique Ocean Beach community of San Diego, California. Two doors from the sand, featuring 14 one-bedroom apartments and 8 two-bedrooms. Playa was comprehensively renovated at the end of 2014, with as-new apartment interiors, a significantly updated and upgraded building exterior, new and improved building systems and a beautiful, inviting courtyard. The interior features include refinished oak floors on the second floor with wood-look first floors, stainless steel appliances, new kitchen and bath cabinets, Silestone quartz countertops, matching tile bath floors and floor to ceiling tub surrounds, all new plumbing and electrical fixtures, ceiling fans and heating systems. A new courtyard, complete with lounge seating, BBQ area, secure courtyard privacy gate and xeriscape landscaping. Elevations include dramatic new wood panel accents, a contemporary sign package and dual-pane vinyl windows.

Listing description from the July 2015 sale, as reported to CRMLS.

Sale history

$7,500,000
Sold July 2015 · listed $7,600,000, on market April 2015 · MLS #150020159 · Source: CRMLS
Listing Agent: Raymond Choi · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Bill Anderson · Acre Investment Real Estate
$4,750,000
Sold August 2013 · listed $4,550,000, on market May 2013 · MLS #130024809 · Source: CRMLS
Listing Agent: Raymond Choi · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Blake Tagmyer · Marcus & Millichap
See homes for sale in San Diego Open the Nalren App

Explore San Diego