4911-4917 Del Mar Avenue, San Diego, 92107

REDUCED 1% Commercial - Com-Res Income For Sale

$3,450,000

Beds
Baths
Sqft
.16Acres
Built
157DOM
MLS® #: 200048842
ACTIVE, 157 Days on Market

4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.72% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diego’s most gentrifying beach communities. Due to the property’s close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.

Essential Information

MLS® #: 200048842
Price: $3,450,000
Acres: 0.16
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 4911-4917 Del Mar Avenue
Area: OCEAN BEACH (92107)
City: San Diego
County: San Diego
State: CA
Zip Code: 92107

Amenities

Parking Spaces: 5

Interior

Cooling: None
# of Stories: 2

Additional Information

Date Listed: October 5th, 2020
Days on Market: 157

Listing Details

Listing Office: Acre Investment Real Estate

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®, Inc.

Listing information last updated on June 18th, 2021 at 10:15am PDT.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®, Inc.

Listing information last updated on March 25th, 2021 at 9:34am PDT.