1707 Chalcedony St
San Diego, CA 92109
$755,000.00 (-8.63%)
Active for $7,995,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 12,904 sqft
| MLS | 240009994SD |
| Year Built | |
| Property Type | Mixed Use |
| County | San Diego |
| Status | Active |
| Active | $7,995,000 |
| Structure Size | N/A sqft |
| Lot Size | 12,904 sqft |
| Beds | N/A |
| Baths |
Description
Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!
Listing information courtesy of: Ken Pecus, eXp Realty of California, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Steve Gutierrez-Kovner
REALTOR®
Direct: 818.749.5910
Email: Email Me
DRE: 01441197
DRE #01873088
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