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1449 Oliver Ave - 3-Units Prime Pacific Beach 3 Unit Apartment Building Offered at $1,700,000 at a 4.85% Cap Rate San Diego, CA 92109
Investment Highlights
- 2 of the 3 Units Delivered Vacant at Closing
- Just a Couple of Blocks to the Bay
- (3) Single-Car Garages
- Value-Add w/ ADU Potential
- Single-level Units w/ Open Floor Plans & Yard Space
Executive Summary
Amazing 3-Unit Opportunity in Pacific Beach • Value-Add w/ ADU Potential • 2 of the 3 Units Delivered Vacant at Closing • Just a Couple of Blocks to the Bay • Single-level Units w/ Open Floor Plans & Yard Space • Unit Mix: (1) 2Bdrm/1Bath and (2) 1Bdrm/1Bath • (3) Single-Car Garages + Laundry
**Financials reflect ProForma**
**Financials reflect ProForma**
Property Facts
| Price | $1,700,000 | Property Type | Multifamily |
| Price Per Unit | $566,667 | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 1,375 SF |
| Cap Rate | 4.85% | No. Stories | 1 |
| Gross Rent Multiplier | 14.24 | Year Built | 1953 |
| No. Units | 3 | ||
| Zoning | RM-1-1 | ||
| Price | $1,700,000 |
| Price Per Unit | $566,667 |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| Gross Rent Multiplier | 14.24 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 1,375 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Zoning | RM-1-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 500 |
| 1+1 | 1 | - | 800 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
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