For more information on this property, contact Lawrence Dy at 8584491253 or lawrencedy@gmail.com

1411-1413 Oliver Avenue
San Diego, California CA 92109
Sold For: $2,615,000
Listing ID 210028804
Status SOLD
Year Built 1975

Property Description:

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.

Primary Features

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

Interior

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

External

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

Location

Community: PACIFIC BEACH
Complex/Park: na
Country: United States
Market Area: Coastal South
Topography: Level
View: N/K
Zip/Area: PACIFIC BEACH (92109)

Additional

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

Financial

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

Zoning Info


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Contact

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Lawrence Dy

11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253

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