4649 Voltaire St - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$7,700,000 USD
858-247-1095
4649 Voltaire St, San Diego, CA for Sale
$7,700,000 USD
Apartments - FOR SALE
1/17
null | 4.22% Cap Rate

4649 Voltaire St
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Prime Coastal San Diego Location - Ocean Beach
  • Value-Add Opportunity, Over 20% Upside in Rents
  • Strong Unit Mix: 50% 2Bdrm Units, 50% 1Bdrm Units + Ample Onsite Parking (18) Spaces
  • Extremely Well Maintained, Low Maintenance Asset
  • Fully Gated Community w/ Secure Access + Large Common Area Courtyard & Onsite Laundry
  • Excellent Walkability to Shops, Dining and Nightlife (WalkScore of 81) Near Newport Ave & Ocean Beach Pier

OVERVIEW

Located in one of San Diego’s most sought after submarkets (Ocean Beach) the Twin Cypress Apartment Community has everything an investor looks for. This well-maintained 18-unit asset features large units, ample off-street parking, and both significant upside in rental income and long term appreciation. Tenant amenities include a fully gated and secure complex with a large common area courtyard, onsite laundry, and walkability to the Ocean Beach Pier as well as the trademark vibrant and iconic shops that make Ocean Beach unique and trendy. The property consists of one (1) 2Bedroom / 2Bathroom 900sf unit, eight (8) 2Bedroom / 1Bathroom 775sf units, and nine (9) 1Bedroom / 1Bathroom 625 sf units. Twin Cypress is a sizable coastal asset appealing to Buyers who are searching for a professionally managed property in a premium coastal location with substantial upside in value.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

18

PRICE/UNIT

$427,778

CAP RATE

4.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Beach - Twin Cypress Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

RM-1-1

APN/PARCEL ID

448-544-31

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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