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1747 Chalcedony St

San Diego, CA 92109
  • $7,995,000
  • STATUS: Active
  • ON SITE: 188 Days
  • ID#: 240009993SD
$7,995,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Ken Pecus of eXp Realty of California, Inc (619-675-0123)


Description

Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T00:28:13.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/150289628
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1747 Chalcedony St San Diego, CA 92109

  • Price: $7,995,000
  • Status: Active
  • On Site: 188 Days
  • ID#: 240009993SD
0
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
92109 - Pacific Beach
County:
San Diego
Area:
92109 - Pacific Beach
Property Description
Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!
Exterior Features

Carport Spaces 0 Construction Materials OtherStoneStucco Parking Total 16

Interior Features

Cooling YN No Heating Radiant Heating YN Yes

Property Features

Association Fee 0 Cap Rate 2.76 Gross Scheduled Income 493812 Listing Agreement Exclusive Right To Sell Listing Terms CashCash to New Loan Net Operating Income 221239 Operating Expense 220043 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T00:28:13.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Ken Pecus of eXp Realty of California, Inc (619-675-0123)