3956-3996 Shasta Street

    San Diego, CA 92109
    • $15,600,000
    • STATUS: ACTIVE
    • ON SITE: 90 days
    • ID#: 190039802
    $15,600,000
    • 2
      BEDS
    • 1.04
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Rare and unique opportunity to acquire an irreplaceable multifamily asset located in the premier coastal community of Crown Point in Pacific Beach. In 2018, Driftwood underwent a $3 million renovation completely rebuilding the community to condominium specifications. Every building element was redone including the roofs, interiors, parking, landscaping, and the addition of several amenities including storage lockers, pet wash station, car charging stations and firepit. Driftwood consists of 24 two-bedroom, two-bath spacious apartment homes that average 970 square feet plus patio/balcony and feature high-end flooring and appliances with modern details throughout. Apartment homes include stainless-steel appliances, quartz countertops, modern slab thermofoil cabinetry, gas stoves and in-unit washer/dryers. Located in the Crown Point neighborhood, residents are just a short walk or bike ride away from the beach, bay and numerous water activities.

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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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/97048210

    3956-3996 Shasta Street San Diego, CA 92109

    • Price: $15,600,000
    • Status: ACTIVE
    • ID#: 190039802
    2
    Beds
    2
    Baths
    0
    ½ Baths
    1.04
    Acres
    Neighborhood:
    Pacific Beach (92109)
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Rare and unique opportunity to acquire an irreplaceable multifamily asset located in the premier coastal community of Crown Point in Pacific Beach. In 2018, Driftwood underwent a $3 million renovation completely rebuilding the community to condominium specifications. Every building element was redone including the roofs, interiors, parking, landscaping, and the addition of several amenities including storage lockers, pet wash station, car charging stations and firepit. Driftwood consists of 24 two-bedroom, two-bath spacious apartment homes that average 970 square feet plus patio/balcony and feature high-end flooring and appliances with modern details throughout. Apartment homes include stainless-steel appliances, quartz countertops, modern slab thermofoil cabinetry, gas stoves and in-unit washer/dryers. Located in the Crown Point neighborhood, residents are just a short walk or bike ride away from the beach, bay and numerous water activities.
    Exterior Features

    Construction FrameStucco Exterior Cable AvailableFully Landscaped Lot Dimensions Approx 575 Parking Spaces Parking Spaces Total 54 Roof Tile

    Interior Features

    Floor Coverings Vinyl Floors Wood Heating Central Forced Air Gas Laundry Owned Sq Ft Of Improvement 23268 Stories 2 Story Unit Furnished1 N Units With Dishwashers 24 Units With Disposals 24 Units With Ranges 24 Units With Refrigerators 24

    Property Features

    Actual Gross Scheduled Income 913248 Actual Operating Expense 280000 Assumable Finance 0 Buildings 4 Complex Features Bbq Financial Information Source Owner Gross Equity 0 Gross Multiplier 16.4 Have 24 Units Mandatory Remarks None Known Market Area Coastal South Motive Want Sell Short Sale No Special None Sq Ft Source Owner Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 24 Unit Type Apartment Zoning C

    Listing provided courtesy of Tyler Sinks, Broker. 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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