2954-2958 Mission Blvd - Apartments FOR SALE


San Diego, CA 92109- Mission Beach
$4,500,000 USD
619-261-1472
2954-2958 Mission Blvd, San Diego, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

2954-2958 Mission Blvd
San Diego, CA 92109
Mission Beach


HIGHLIGHTS

  • South Mission Beach Pride of Ownership Asset
  • Large Units Approximately 1,100sf - 1,150sf Each
  • Unit Upgrades: Tiled/Wood Flooring, New Cabinets, Granite Counters, Stainless Steel Appliances, Removed Popcorn Ceiling, and Upgraded Heating System
  • Units Feature: Private Laundry and Balcony or Patio
  • Building Elevator Converted into Additional Storage for Select Units
  • Covered Carport: One Off-Street Parking Space Per Unit with Additional Storage

OVERVIEW

Grimes Group at SERHANT. Commercial is please to present this rare opportunity to acquire a 5 unit, condo quality multifamily asset in one of San Diego's most irreplaceable beach locations. The unit mix consists of three 2Bed/2Bath and two 2Bed/2.5Bath units, each approximately 1,100 square feet with a scale and finish level rarely available for sale in this submarket. Fully remodeled in 2016, the unit upgrades include: tiled/wood flooring, newer cabinets, granite counters, stainless steel appliances, in-unit washer/dryer, additional storage, and upgraded heating system. The property sits in the heart of the Golden Strand, the mile long stretch of sand connecting South Mission Beach and Pacific Beach, consistently ranked among San Diego's most in demand beach communities. Convenient access via I-5 and I-8 puts Mission Valley, Downtown, and UTC employment hubs within easy reach. Major shopping, top universities, and San Diego International Airport are all within 15 minutes of the property.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$702 USD /SF

# OF UNITS

5

PRICE/UNIT

$900,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,466 SF

ZONING

R4

APN/PARCEL ID

423-693-10

ASK ABOUT THIS PROPERTY

Anni Grimes, CCIMSERHANT. CommercialMore Info
619-261-1472

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Anni Grimes, CCIMSERHANT. CommercialMore Info
619-261-1472

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