Property · 2 recorded sales since 2019
Listing Agent: Joseph Burrough (DRE #02014504) · Listing Office: Palma Commercial · Contact: 858-352-6742 · Bought with: Out of Area Agent · Out of Area Office · MLS #200022999 · Source: CRMLS
Located in Ocean Beach, walking distance to fields/parks (Robb Field OB Athletic Area and Dusty Rhodes Park), and within close proximity to Beaches, Dining, Shops and Freeway Access in/near OB and Point Loma, this property is very well-maintained, with all units having been upgraded and new rented at/near market rents. Perfect opportunity for an owner/user or someone looking to add to their OB multi-unit investment portfolio via very competitive income/returns already in-place relative to recent deals. Besides its phenomenal rental location, this property benefits from many upgrades, and features all units in good condition, some with more recent upgrades than others, yet most include hardwood floors, dishwashers, newer cabinets, newer doors, dual-pane vinyl windows throughout, and the building has been reported as having a newer roof. There are four (4) garage spaces at the alley, all of which are rented out to individuals not living on the premises, at very good rates. There is a laundry room on-site with leased equipment, as well as two separate lawn areas and one common patio area, all for common enjoyment of the tenants. All units have their own quasi-private patio/balcony area, and some have more than one. Units have good natural light throughout. Relatively low operating expenses at this property, for ease of management, makes this property even more attractive as an investment. Rents seem to be at/near market levels presently. Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 0 Topography: LL
Listing description from the August 2020 sale, as reported to CRMLS.