- $999k Price
- 6 Beds
- .09 Acres
- 51 DOM
3895 Ocean View Boulevard
Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.
Essential Information
- MLS® #SW24166114
- Price$999,000
- Bedrooms6
- Bathrooms0.00
- Acres0.09
- TypeResidential Income
- StatusACTIVE
Community Information
- Address3895 Ocean View Boulevard
- AreaLOGAN HEIGHTS (92113)
- CityDOWNTOWN
- CountySan Diego
- StateCA
- Zip Code92113
Amenities
- PoolN/K
Interior
- CoolingN/K
- # of Stories2
Exterior
- Lot DescriptionCurbs
Additional Information
- Date ListedAugust 10th, 2024
- Days on Market51
- ZoningAssessor
Listing Details
- OfficeHallway Realty
Hallway Realty.
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Listing information last updated on November 23rd, 2024 at 4:45pm PST.