16-unit complex in Pacific Beach located just a few blocks from the beach and bay. The subject property is located on a 12,438sf lot consisting of (4) 2Bedroom/2Bathroom, (4) 2Bedroom/1Bathroom and (8) 1Bedroom/1Bathroom The property has onsite laundry room & separate managers office. Extremely well-maintained by the current ownership and offers a new buyer substantial upside with over 40% upside in rents (ProForma Cap Rate 5.85%). ***There’s an optional assumable loan of 3.50% fixed for 3 1/2 more years (loan balance of ~ $1.4M w/ CHASE Bank). Contact Listing Agent to discuss further***
Property Details
Price:
$7,500,000
MLS #:
240018764SD
Status:
Active
Baths:
0
Address:
4445 Fanuel St
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92109pacificbeach
City:
San Diego
Listed Date:
Aug 9, 2024
State:
CA
ZIP:
92109
Schools
Interior
Exterior
Parking Spots
0.00
Roof
Composition, Wood
Financial
Map
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Courtesy of Apartment Realty Group (ARG). Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 4445 Fanuel St
San Diego, CA
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