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3701 Promontory St
San Diego, CA 92109
Promontory Street Apartments · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 3,388 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Building Class | C | ||
| Zoning | RM-1-1 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,388 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | RM-1-1 |
About 3701 PROMONTORY ST , SAN DIEGO, CA 92109
The Promontory Street Apartments is a four unit 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 1949 and is comprised of a 1,474 square foot 2 bedroom/1 bath owners unit (added in 1977), two 1 bedroom/1 bath apartments, and a detached 1 bedroom/1 bath house. The property has two single car garages, two tandem parking spots in the front, and one single parking spot in the rear providing ample on site parking for residents. 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 service. The property is well located in the Crown Point neighborhood of Pacific Beach, only a few short blocks from the bay and is a short bike ride or walk to the beach and all that Pacific Beach has to offer. Unit 3707 is currently vacant.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,695 | 1,474 |
| 1+1 | 3 | $1,695 | 644 - 670 |
Property Taxes
| Parcel Number | 423-444-10 | Improvements Assessment | $317,155 |
| Land Assessment | $1,377,992 | Total Assessment | $1,695,147 |
Property Taxes
