1415 Grand Ave - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$4,950,000 USD
858-335-6970
1415 Grand Ave, San Diego, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/20
null | 3.3% Cap Rate

1415 Grand Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Extremely walkable/bikeable community
  • Good tenants with a community atmosphere
  • Rents are significantly under market offering immediate upside to new owner

OVERVIEW

PROPR Real Estate is pleased to offer a well-maintained, 12 Unit, multi-family asset in the heart of Pacific Beach. This prime location offers an exceptional opportunity for investors seeking a stable and profitable asset in one of San Diego’s most sought-after coastal areas. Rents are significantly under market, offering the investor much upside at the lowest price per unit in Pacific Beach. Blocks from the beach and bay, the property is walking distance to retail and dining. The building offers assigned off-street parking, on-site laundry, and a charming courtyard featuring a dining area and grill, providing both convenience and a sense of community. Recent upgrades include new appliances throughout the apartments, complete exterior painting, and a rehabbed common area with new furniture and concrete. Additionally, the building has passed the required SB 721 balcony inspection, ensuring full compliance with California’s safety regulations.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$1,331 USD /SF

# OF UNITS

12

PRICE/UNIT

$412,500

CAP RATE

3.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

R3

APN/PARCEL ID

423-182-08

ASK ABOUT THIS PROPERTY

Jeff ZettelPROPR Real Estate Inc.More Info
858-335-6970

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Jeff ZettelPROPR Real Estate Inc.More Info
858-335-6970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.