827 Opal St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$2,900,000 USD
858-369-3084
827 Opal St, San Diego, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/9
null | 3.18% Cap Rate

827 Opal St
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Exceptionally large units. 2bds average 1,044 SF.
  • Renovation upside.
  • Three single-car garages accessed from the alley, with potential for ADU conversion.
  • One block to beach & Pacific Ocean.
  • Walking distance to Pacific Beach's most popular restaurants & nightlife.

OVERVIEW

827–833 Opal Street presents a rare opportunity to acquire a well located multifamily asset located just 1.5 blocks from the beach in the highly desirable North Pacific Beach submarket of San Diego. The property consists of five (5) units on two separate parcels, including one (1) studio and four (4) exceptionally large two-bedroom units (2bd/1.5ba and 2bd/2ba). The two-bedroom units average approximately 1,044 square feet. Thoughtfully constructed, the units offer a condo-like living experience with spacious living rooms, fireplaces, and abundant storage. Unit interiors are well maintained but largely in original condition. A future investor could remodel the units with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The property includes three single-car garages accessed from the alley, with potential for ADU conversion.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$652 USD /SF

# OF UNITS

5

PRICE/UNIT

$580,000

CAP RATE

3.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

827-833 Opal Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,526 SF

ZONING

RM-1-1

APN/PARCEL ID

415-323-30

ASK ABOUT THIS PROPERTY

Eric ComerKidder MathewsMore Info
858-369-3084

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Eric ComerKidder MathewsMore Info
858-369-3084

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