2228 Felspar St
San Diego, CA 92109
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 5,897 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.87/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RM-1-1 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,897 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | RM-1-1 |
About 2228 FELSPAR ST , SAN DIEGO, CA 92109
The Felspar Street Apartments is a well-maintained community located in the highly desirable Pacific Beach sub-market of San Diego, California. Pacific Beach is considered one of the strongest rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97% - 100% and rental rates continue to rise. This vibrant and centrally located community offers excellent access to Interstate 5 and Interstate 8 freeways, which connect to every major employment center in the greater San Diego area. The property was built in 1970 and is comprised of three spacious 2 bedroom/2 bath units and five 1 bedroom/1 bath units. The interior of the units have been well maintained but an opportunity exists for a new owner to remodel and raise rents substantially. The exterior is well maintained with minimal landscaping reducing the need for frequent maintenance and a lower water bill. The property is well-located and is several blocks away from Trader Joe’s, Vons, Starbucks, and other major retailers. Additionally, the subject property is only a few blocks from the bay and is a short bike ride or walk to the beach and all that Pacific Beach has to offer.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $1,495 | 926 - 974 |
| 1+1 | 5 | $1,495 | 575 - 706 |
Property Taxes
| Parcel Number | 416-562-16 | Improvements Assessment | $524,948 |
| Land Assessment | $2,389,614 | Total Assessment | $2,914,562 |
Property Taxes
