1179 Felspar St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$5,500,000 USD
619-818-0364
1179 Felspar St, San Diego, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/23
null | 3.18% Cap Rate

1179 Felspar St
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Blocks to the beach & bay
  • In the heart of Pacific Beach
  • Close to dining, etertainment, shopping
  • Close to Mission Bay

OVERVIEW

PRIME REDEVELOPMENT OPPORTUNITY IN PACIFIC BEACH! Don’t miss this rare opportunity to own two 4-unit residential complexes in the heart of Pacific Beach. Ideally located on the corner of Felspar & Everts St., this property sits in a highly desirable neighborhood with strong rental demand and abundant local amenities; making it an excellent redevelopment opportunity! Just one block from PB’s vibrant main strip on Garnet Ave. and only a few short blocks from the beach. Prime location close to popular restaurants, shops, nightlife, and coastal attractions, including Crystal Pier, Sail Bay, Mission Beach, and Belmont Park. This location provides easy access to some of San Diego’s most desirable destinations. Property Details: *Two Parcels Sold Together* Total Lot Size Approx.: 12,500 sq. ft. Parcel 1 (1165-1171): Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each) One upstairs 2-bedroom, 2-bathroom unit (~932 sq. ft.) Four garages and shared laundry room Parcel 2 (1173-1179): Three 2-bedroom, 1-bathroom ground-floor units (~760 sq. ft. each) One upstairs 3-bedroom, 2-bathroom unit (~932 sq. ft.) Four garages and shared laundry room BRING ALL OFFERS! Send all substantiating documentation with offer (ie: POF and PreApproval Letters) to Justin@ShoreManagement.com. All info and measurements are approximate. Buyer and buyers agent to verify all before closing. DO NOT DISTURB TENANTS!! Text to schedule a showing, please provide two potential showing times. Text Justin @ (619) 818-0364 Showings by appointment only. Do not visit property without appointment. Laundry rooms located under each stairwell. All garages located off the alley to the South.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

8

PRICE/UNIT

$687,500

CAP RATE

3.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,563 SF

ZONING

-

APN/PARCEL ID

415-623-01,415-623-21

ASK ABOUT THIS PROPERTY

Justin HoechShore ManagementMore Info
619-818-0364

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Justin HoechShore ManagementMore Info
619-818-0364

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