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    1104-6 Felspar

    San Diego, CA 92109
    • $1,739,000
    • STATUS: ACTIVE
    • ON SITE: 63 days
    • ID#: 210004138
    Price Reduced
    $1,739,000
    • 5
      BEDS
    • 0.08
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,800
      SQFT
    • $621
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Incredible investment opportunity in Pacific Beach! This 2 unit property absolutely crushes rents averaging nearly $100,000 in gross income over the last few years. Located just 4 blocks to the beach and 1 block to the bars and restaurants, this cash cow offers a superior corner lot with off street parking, furnished units, and upgraded interiors. The ground floor unit is a 1/1 with a second 4/2 unit upstairs . All parking is shared with a 2-car garage, driveway parking and common laundry. A must see! North Pacific Beach is one of the most sought after beach communities in San Diego. The property has been well maintained as a solid investment with a strong proven track record of producing income. Opportunities like this are harder and harder to come by, especially with this location and proximity to the ocean. Live in one and rent the rest, develop as new construction units, or simply let the cash keep rolling in.

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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. Licensed in the state of California.
    www.teamforss.com/homes/114303504
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    1104-6 Felspar San Diego, CA 92109

    • Price: $1,739,000
    • Status: ACTIVE
    • ID#: 210004138
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,800
    SQFT
    $621
    $/SQFT
    1953
    Built
    Neighborhood:
    North Pacific Beach
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Incredible investment opportunity in Pacific Beach! This 2 unit property absolutely crushes rents averaging nearly $100,000 in gross income over the last few years. Located just 4 blocks to the beach and 1 block to the bars and restaurants, this cash cow offers a superior corner lot with off street parking, furnished units, and upgraded interiors. The ground floor unit is a 1/1 with a second 4/2 unit upstairs . All parking is shared with a 2-car garage, driveway parking and common laundry. A must see! North Pacific Beach is one of the most sought after beach communities in San Diego. The property has been well maintained as a solid investment with a strong proven track record of producing income. Opportunities like this are harder and harder to come by, especially with this location and proximity to the ocean. Live in one and rent the rest, develop as new construction units, or simply let the cash keep rolling in.
    Exterior Features

    Exterior Wood/Stucco Fencing Full Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Roof Rolled/Hot Mop Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

    Interior Features

    Cooling N/K Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

    Property Features

    Actual Cap Rate 4.6 Age Restrictions N/K Annual Expense Actual 12400 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Pacific Beach Complex Park Na Cross Streets Dawes Gross Rent Multiplier Actual 18.9 Gross Scheduled Income Actual 97737 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Allowed W/Restrictions Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventional Unit1 Deposit 1700 Unit1 Occupied Tenant Unit1 Projected Rent 2000.0 Unit1 Rent Actual 1700.0 Unit2 Deposit 5000 Unit2 Occupied Tenant Unit2 Projected Rent 6000.0 Unit2 Rent Actual 5500.0 Zoning R-3

    Listing provided courtesy of Exp Realty Of California Inc. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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. Licensed in the state of California.
     
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