Address
4911-4917 Del Mar Avenue San Diego, CA
Price
$ 3,495,000
Property Attributes
  • MLS#200048842
  • TypeIncome
  • CountySAN DIEGO
  • CitySan Diego
  • AreaCoastal South
  • NeighborhoodCoastal South
  • Zip92107
  • Style
  • Price$ 3,495,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage6310
  • Lot Size7,008 SqFt
Listing Provided Courtesy Of:
Acre Investment Real Estate
Property Description

4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.72% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diego’s most gentrifying beach communities. Due to the property’s close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.

Price History
10/16/2020 Listed $3,695,000
12/1/2020 6% - $3,495,000

General Features

# Of Units (1) 8
Cooling None
Sale/rent For Sale
Tenant Pays Electric Yes
Tenant Pays Gas Yes
Tenant Pays Water No
Total Units 8

Interior Features

Baths in Unit 1 1.0
Bedrooms in Unit 1 2

Exterior Features

Number of Buildings 1
Total Parking 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92107

Price
AVG $2.58M
$3.5M
Visits
AVG 33
79
Walkscore
AVG 78
77
Data Provided by Walkscore ® not using MLS data

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