5035 Saratoga Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$4,750,000 USD
858-369-3085
5035 Saratoga Ave, San Diego, CA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/10
null | 3.95% Cap Rate

5035 Saratoga Ave
San Diego, CA 92107
Ocean Beach


OVERVIEW

Originally constructed in 1957, this well-located community offers a mix of one-bedroom and two-bedroom units. The unit interiors and finishes have not been upgraded, allowing an investor to complete renovations and achieve substantially higher rents. The property features secured entry, community laundry facilities and a private courtyard with an outdoor shower. With a walk score of 93, 5035 Saratoga Avenue is located just steps away from the beautiful beach and surrounded by abundant eateries, shopping and attractions, all walking distance from the property.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$687 USD /SF

# OF UNITS

12

PRICE/UNIT

$395,833

CAP RATE

3.95%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

R175, San Diego

APN/PARCEL ID

448-091-11

ASK ABOUT THIS PROPERTY

Merrick MatricardiKidder MathewsMore Info
858-369-3085

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Merrick MatricardiKidder MathewsMore Info
858-369-3085

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