$3,350,000
FOR SALEActive4930 Santa Monica
San Diego CA 92107
N/A
SF
Mixed Use
Type
N/A
Built
N/A
Cost/SF
Listing Agent
Location Analysis
About This Property
Eight unit coastal apartment community two blocks to the beach with strong current rents. Excellent unit mix of seven 2-bed/1-bath units (~890 SF) and one 1-bed/1-bath (~740 SF), all larger than the Ocean Beach norm. 6,968 SF building on a 7,148 SF lot, built in 1959, zoned CC-4-2. Current 2 bedroom rents of $2,900 to $2,950. Recently updated exterior paint & newer windows. Seven out of eight units have been upgraded. One block to Newport Avenue's dining and entertainment corridor, and two blocks to Ocean Beach Elementary.
Property Information
Property Overview
Commercial - MixedUse
Property Type
Active
Status
cc-4-2
Zoning
8
Total Units
5.21%
Cap Rate
$171K
NOI
5
Parking Total
Property Highlights
N/A Property
Prime Location with High Visibility
5.21% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Investment Metrics
5.21%
Cap Rate
$171,372
NOI
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Closed commercial sales reported, newest first.
CRMLS
MLS# 260022686SD
Listed:
Nalren refreshed:
Last updated
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Listed by: Acre Investment Real Estate
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.