1747 Chalcedony St - Apartments FOR SALE


San Diego, CA 92109
$7,995,000 USD
619-675-0123
1747 Chalcedony St, San Diego, CA for Sale
$7,995,000 USD
Apartments - FOR SALE
1/43
null | 2.76% Cap Rate

1747 Chalcedony St
San Diego, CA 92109


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$640 USD /SF

# OF UNITS

16

PRICE/UNIT

$499,688

CAP RATE

2.76%

% 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

1969

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C

APN/PARCEL ID

416-431-22

ASK ABOUT THIS PROPERTY

Kenneth PecusThe Pecus GroupMore Info
619-675-0123

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

Kenneth PecusThe Pecus GroupMore Info
619-675-0123

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