2114 Abbott St - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$2,560,000 USD
858-352-6742
2114 Abbott St, San Diego, CA for Sale
$2,560,000 USD
Apartments - FOR SALE
1/22
null | 4.02% Cap Rate

2114 Abbott St
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Phenomenal Ocean Beach Location! Less than one block from the beach (volleyball courts and waves)!
  • Walk to primary retail corridor along Newport Avenue, as well as the OB Pier
  • Units are ripe for full modernization, at a reasonable/attractive price per unit/basis for something this close to the water.
  • Peek Ocean Views from select units, some off-street parking (including 3 functional garages plus 1 surface off-street parking space)
  • Diamond in the rough property, with low price/unit that reflects that, offering tremendous upside potential
  • Good short-term (vacation) rental potential

OVERVIEW

It is a pleasure to present for sale 2114 Abbott Street, San Diego, CA 92107, an Ocean Beach multifamily property that benefits greatly from being located less than 1 block from a wide sandy beach with surf, as well as close to neighborhood retail along Newport Avenue (4 blocks), and the OB Pier (5 blocks)! This property is comprised of Three (3) studio apartments and Five (5) relatively small 1Br/1Ba apartments. There are three (3) functional garages and one (1) large storage-only garage, as well as one (1) surface off-street parking space. Units and common area hallways are in average condition, ripe for full modernization, with some deferred maintenance items (such as likely wood rot around several window frames, garages, et al.), for this diamond in the rough. Charming property with peek ocean views from select units, ripe for full modernization. To be delivered with three (3) vacant units. Private patios/balconies at select units.

FOR SALE DETAILS

PRICE

$2,560,000 USD

PRICE/SF

$624 USD /SF

# OF UNITS

8

PRICE/UNIT

$320,000

CAP RATE

4.02%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R4

APN/PARCEL ID

448-033-17

ASK ABOUT THIS PROPERTY

Joseph BurroughPalma CommercialMore Info
858-352-6742

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Joseph BurroughPalma CommercialMore Info
858-352-6742

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