3895 Ocean View Boulevard
San Diego, CA 92113
$166,000.00 (-14.25%)
Active for $999,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 3,751 sqft
| MLS | SW24166114 |
| Year Built | 1913 |
| Property Type | Triplex |
| County | San Diego |
| Status | Active |
| Active | $999,000 |
| Structure Size | N/A sqft |
| Lot Size | 3,751 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.
Listing information courtesy of: Donny Hall, Hallway Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/10/2024 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®
Angela Oganesyan
REALTOR®
Direct: 818.634.1025
Email: Email Me
DRE: 01488232
DRE #01873088
.png){kind=small}