Property
Listing Agent: Twana Rasoul (DRE #02026495) · Listing Office: Compass · Contact: 619-317-1875 · Bought with: Kimberly Schmidt · Compass · MLS #240016005SD · Source: CRMLS
Introducing a rare investment opportunity in the heart of Ocean Beach! This recently updated triplex presents three units with endless potential. The upper unit boasts stunning views and comes fully furnished, offering an ideal opportunity for immediate use as a furnished rental. Each unit has been updated, featuring modern stylish finishes throughout. The property commands a solid 4.8% cap rate as a long-term rental, with the potential to achieve an impressive 8% cap rate as a furnished rental, making it a lucrative prospect for savvy investors. Located just a 6-minute bike ride from the beach in the vibrant Ocean Beach community, this triplex is perfectly positioned to capitalize on the high demand for both long-term and furnished rentals. Don't miss the chance to own a prime income-generating property in this sought-after coastal enclave!
Listing description from the August 2024 sale, as reported to CRMLS.