1466-74 Pescadero Dr

    San Diego, CA 92107
    • $2,699,900
    • STATUS: ACTIVE
    • ON SITE: 28 days
    • ID#: 190051544
    UPDATED: 37 min ago
    $2,699,900
    • 4
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,200
      SQFT
    • $1,227
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Gross Rent Must at under 12!!! Cap Rate over 5.5!! With additional upside. This is your opportunity. Beach investments like this rarely come available! Each unit has one parking space, recently updated, patios and shared area on on the waters edge - this is what renters and vacationers want. Great for first time investor, live in one rent other three out. Income has increased YoY. Recent capital improvement of over $600k with new sea wall. Think bigger and develop further for bigger returns.

    Monthly Payment Calculator

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/99040750

    1466-74 Pescadero Dr San Diego, CA 92107

    • Price: $2,699,900
    • Status: ACTIVE
    • Updated: 37 min ago
    • ID#: 190051544
    4
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,200
    SQFT
    $1,227
    $/SQFT
    1958
    Built
    Neighborhood:
    Sunset Cliffs
    County:
    San Diego
    Area:
    Ocean Beach (92107)
    Property Description
    Gross Rent Must at under 12!!! Cap Rate over 5.5!! With additional upside. This is your opportunity. Beach investments like this rarely come available! Each unit has one parking space, recently updated, patios and shared area on on the waters edge - this is what renters and vacationers want. Great for first time investor, live in one rent other three out. Income has increased YoY. Recent capital improvement of over $600k with new sea wall. Think bigger and develop further for bigger returns.
    Exterior Features

    Exterior Stucco Fencing Other/Remarks Frontage Ocean/BluffOcean/Sand Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Pool N/K Pool Heat None Known Roof Other/Remarks Spa Private Portable Spa Heat Electric Topography Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 4 View Panoramic Ocean

    Interior Features

    Cooling Other/Remarks Furnished Units 4 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 2

    Property Features

    Actual Cap Rate 5.8 Age Restrictions N/K Annual Expense Actual 78537 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0 Community Ocean Beach Complex Features BbqSpa/Hot Tub Complex Park N/A Cross Streets Pescadero Ave Gross Rent Multiplier Actual 11.33 Gross Scheduled Income Actual 229483 Home Owners Fees 0 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0 Other Income Actual 0 Pets Allowed W/Restrictions Possession Close Of Escrow Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventional Unit Number For Unit1 1472 Unit Number For Unit2 1470 Unit Number For Unit3 1468 Unit Number4 1466 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 65234 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 58135 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Rent Actual 54822 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Rent Actual 51293

    Listing provided courtesy of Keller Williams Carmel Valley. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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