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827 Opal St - 827-833 Opal Street 5 Unit Apartment Building Offered at $2,900,000 at a 3.18% Cap Rate San Diego, CA 92109
Investment Highlights
- Exceptionally large units. 2bds average 1,044 SF.
- Three single-car garages accessed from the alley, with potential for ADU conversion.
- Walking distance to Pacific Beach's most popular restaurants & nightlife.
- Renovation upside.
- One block to beach & Pacific Ocean.
Executive Summary
827–833 Opal Street presents a rare opportunity to acquire a well located multifamily asset located just 1.5 blocks from the beach in the highly desirable North Pacific Beach submarket of San Diego. The property consists of five (5) units on two separate parcels, including one (1) studio and four (4) exceptionally large two-bedroom units
(2bd/1.5ba and 2bd/2ba). The two-bedroom units average approximately 1,044 square feet. Thoughtfully constructed, the units offer a condo-like living experience with spacious living rooms, fireplaces, and abundant storage.
Unit interiors are well maintained but largely in original condition. A future investor could remodel the units with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The property includes three single-car garages accessed from the alley, with potential for ADU conversion.
(2bd/1.5ba and 2bd/2ba). The two-bedroom units average approximately 1,044 square feet. Thoughtfully constructed, the units offer a condo-like living experience with spacious living rooms, fireplaces, and abundant storage.
Unit interiors are well maintained but largely in original condition. A future investor could remodel the units with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The property includes three single-car garages accessed from the alley, with potential for ADU conversion.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,895 | 274 |
| 2+1.5 | 2 | $3,395 | 1,018 |
| 2+1.5 | 1 | $2,915 | 1,000 |
| 2+2 | 1 | $2,955 | 1,139 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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827 Opal St - 827-833 Opal Street
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