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1057-1063 Grand Ave
San Diego, CA 92109
Grand West · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Vacation Rental Income
- 4 Blocks to the Bay
- 3.5 Blocks to the Beach
- 2 Block from Main Drag
Executive Summary
Seller is also selling adjacent property same configuration (1065-71 Grand). This is 4-units with 4 garages in PB and only 3.5 blocks to the ocean! 4 garages plus 4 parking spaces! All units consist of 2 bedroom, 1 bath, 825 sqft with private patios. All are residential units totaling 3,300 sqft on a 6,245 sqft lot. Current rents are extremely low. CAP 4.5% at $3,500 a month rent w/ no updating. This provides a rare opportunity to own multifamily real estate just steps from the funnest beach in San Diego, Pacific Beach. Two units are currently STVRs (one unit pictured), one vacant, one long term. There are still STVR licenses available in the city of SD! ...DO NOT DISTURB TENANTS
Property Facts Under Contract
| Price Per Unit | $598,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,300 SF |
| Cap Rate | 3.53% | Average Occupancy | 25% |
| Gross Rent Multiplier | 18 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 2.42/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Cass st |
| Building Class | B | ||
| Zoning | RM-2-5 | ||
| Price Per Unit | $598,750 |
| Sale Type | Investment |
| Cap Rate | 3.53% |
| Gross Rent Multiplier | 18 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,300 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.42/1,000 SF |
| Cross Streets | Cass st |
| Zoning | RM-2-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 423-154-06 | Improvements Assessment | $203,834 |
| Land Assessment | $192,507 | Total Assessment | $396,341 |
Property Taxes
Parcel Number
423-154-06
Land Assessment
$192,507
Improvements Assessment
$203,834
Total Assessment
$396,341
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