Listing ID210028804
Sold For$2,615,000
StatusSOLD
CountySan Diego
Year Built1975
Property Type2-4 Units
PRICE REDUCED...Great 1031 Opportunity! Sitting on one of Pacific Beach's premium streets, this rare setup lends itself as one of 2 options: a great primary residence with income-earning opportunities OR a full time 4-unit rental. Charming detached front house offers gorgeous wood beams, warm wood flooring, updated kitchen with stunning La Cornue oven with gas range, updated bathrooms with guest bath offering claw footed tub, open and airy floor plan that offers many access points to the outdoors. Sit on the front patio to relax or play around on the front yard's putting green! Step out back to the intimate courtyard that offers a custom fireplace and cooking area - perfect for small gatherings. See supplement...1 bdrm unit is currently a successful Airbnb that has been easily booked with high ratings from past guests. That unit offers a private front patio that guests can enjoy. 2 bedroom unit is leased until February 1, and is upgraded allowing for the opportunity to get higher rent in the future. The studio is also upgraded, and tenant may want to stay beyond lease that ends February 1. Each unit offers 1 parking space. May be easy to add laundry to garage as there is accessible water and electricity.
County
San Diego
City
San Diego
Price Before Reduction
2799000
Price Reduction Date
2021-10-21T19:24:58+00:00
Property Type
2-4 Units
Year Built
1975
Cooling
Central Forced Air, Wall/Window
Heat Equipment
Fireplace, Forced Air Unit, Wall/Gravity
Heat Source
Natural Gas
Levels
2 Story
Total Stories
2
Unit 1 Estimated SqFt
1700
Unit 1 Laundry Hook Ups
Yes
Unit 1 Number of Bedrooms
3
Unit 1 Number of Full Baths
2
Unit 1 Number Total Baths
2
Unit 2 Estimated SqFt
650
Unit 2 Laundry Hook Ups
No
Unit 2 Number of Bedrooms
2
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Unit 3 Estimated SqFt
360
Unit 3 Laundry Hook Ups
No
Unit 3 Number Bedrooms
1
Unit 3 Number of Full Baths
1
Unit 3 Number Total Baths
1
Unit 4 Estimated SqFt
350
Unit 4 Laundry Hook Ups
No
Unit 4 Number of Full Baths
1
Unit 4 Number Total Baths
1
Unit Number for Unit 2
2
Unit Number for Unit 3
3
Unit Number for Unit 4
4
Entry Only
no
Exterior
Stucco
Fencing
Full, Gate
Frontage
N/K
Irrigation
N/K
Lot Size
4,000-7,499 SF
Neighborhood
Pacific Beach
Number of Buildings
3
Number of Furnished Units
2
Number of Units
4
Number of Units w/Dryers
1
Number of Units w/Fireplaces
1
Number of Units w/Garage
1
Number of Units w/Patios
2
Number of Units w/Range/Oven
4
Number of Units w/Refrigerator
4
Number of Units w/Washers
1
Number Units w/Cooling
4
Number Units w/Dishwashers
1
Parking Garage Unit 1
Detached
Parking Garage Unit 2
N/K
Parking Garage Unit 3
N/K
Parking Garage Unit 4
N/K
Parking Non-Garage Unit 1
None Known
Parking Non-Garage Unit 2
Assigned
Parking Non-Garage Unit 3
Assigned
Parking Non-Garage Unit 4
Assigned
Pool
N/K
Pool Heat
None Known
Roof
Composition
Sewer/Septic
Sewer Connected
Site
Alley Access
Spa
N/K
Spa Heat
None Known
Unit 1 Parking Garage Space
2
Water
Meter on Property
Water Heater Type
Gas
Community
PACIFIC BEACH
Complex/Park
na
Country
United States
Market Area
Coastal South
Topography
Level
View
N/K
Zip/Area
PACIFIC BEACH (92109)
Property Type
2-4 UNITS
Supplement
1 bdrm unit is currently a successful Airbnb that has been easily booked with high ratings from past guests. That unit offers a private front patio that guests can enjoy. 2 bedroom unit is leased until February 1, and is upgraded allowing for the opportunity to get higher rent in the future. The studio is also upgraded, and tenant may want to stay beyond lease that ends February 1. Each unit offers 1 parking space. May be easy to add laundry to garage as there is accessible water and electricity.
Telecommunications
N/K
Age Restrictions
N/K
Annual Expense Actual
6451
Annual Expense Projected
42885
Cap Rate Actual
2.7
Cap Rate Projected
3.27
Financing
Cash
Gross Rent Multiplier Act
34.3
Gross Rent Multiplier Projected
20.82
Gross Scheduled Income Actual
81600
Gross Scheduled Income Projected
134400
Net Operating Income Projected
91515
Possession
Other/Remarks
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
N/K
Terms
Cash, Conventional
Unit 1 Projected Rent
5500
Unit 2 Projected Rent
2400
Unit 2 Rent Actual
2000
Unit 3 Deposit
1700
Unit 3 Projected Rent
1700
Unit 3 Rent Actual
1700
Unit 4 Deposit
1300
Unit 4 Projected Rent
1600
Unit 4 Rent Actual
1300
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Contact - Listing ID 210028804
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker