1057 Grand Ave - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$4,790,000 USD
858-752-9466
1057 Grand Ave, San Diego, CA for Sale
$4,790,000 USD
Apartments - FOR SALE
1/23
null | 3.48% Cap Rate

1057 Grand Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Vacation Rental Income
  • 3.5 Blocks to the Beach in PB
  • 8 Garages plus 8 Parking Spaces
  • Possible Garage-to-ADU Conversion

OVERVIEW

This is an 8-unit complex at 1057-1071 Grand Ave with 8 garages and only 3.5 blocks to the ocean. 8 garages plus 8 parking spaces! All units consist of 2 bedroom, 1 bath, 825 sqft with private patios. Seller is willing to sell lots separately with 4 units on each. Current rents are extremely low. CAP can be 4.5% at $3,500 a month rent w/ no updating. Also, may be potential for garage-to-ADU conversions. This provides a rare opportunity to own multifamily real estate just steps from the funnest beach in San Diego, Pacific Beach. Three units are currently STVRs (2 of them pictured), one unit is vacant, the 3 others are long term. There are still STVR licenses available in the city of SD! ...DO NOT DISTURB TENANTS

FOR SALE DETAILS

PRICE

$4,790,000 USD

PRICE/SF

$726 USD /SF

# OF UNITS

8

PRICE/UNIT

$598,750

CAP RATE

3.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

RM-2-5

APN/PARCEL ID

423-154-07,423-154-07-00

ASK ABOUT THIS PROPERTY

Monique LeBlancThe AgencyMore Info
858-752-9466

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Monique LeBlancThe AgencyMore Info
858-752-9466

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.