1524 Missouri St - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$5,000,000 USD
858-458-3320
1524 Missouri St, San Diego, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/17
null | 3.63% Cap Rate

1524 Missouri St
San Diego, CA 92109
Pacific Beach


OVERVIEW

Voit Real Estate Services is pleased to present 1524 Missouri Street, a superbly located two-story, 8-unit apartment building. Situated just three blocks south of Garnet Avenue with lighter through traffic, just blocks from both the beach and bay while being conveniently close to all that Pacific Beach offers. It is just a few blocks from a Vons and Trader Joe’s shopping center and in close proximity to various restaurants, bars/pubs, and trendy retailers along Grand and Garnet Avenues. Additionally, it is centrally located to most of the schools in the community. WalkScore rates this location as a “Very Walkable, most errands can be accomplished by foot.” Built in 1973, the owner extensively renovated the property in its entirety in 2021 sparing no expense. The Rent Roll and Proforma outline current and projected market rents, indicating a potential 4.8%+ upside in existing market rent. This goes up substantially by converting the back two-car garages into 350 SF ADUs. Jumping from 4.8% to over 18%.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$806 USD /SF

# OF UNITS

8

PRICE/UNIT

$625,000

CAP RATE

3.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

RM-1-1

APN/PARCEL ID

416-401-18

ASK ABOUT THIS PROPERTY

Mike BenchCBRE, Inc.More Info
858-458-3320

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Mike BenchCBRE, Inc.More Info
858-458-3320

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