1466 Pescadero Dr

    San Diego, CA 92107
    • $2,699,900
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: 190036515
    $2,699,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Gross Rent Must at under 12!!! Cap Rate over 5.5!! With additional upside. This is your opportunity. Beach investments like this rarely come available! Each unit has one parking space, recently updated, patios and shared area on on the waters edge - this is what renters and vacationers want. Great for first time investor, live in one rent other three out. Income has increased YoY. Recent capital improvement of over $600k with new sea wall. Think bigger and develop further for bigger returns. Neighborhoods: Sunset Cliffs Other Fees: 0 Unit # for Unit 1: 1472 Unit # for Unit 2: 1470 Unit # for Unit 3: 1468 Unit # for Unit 4: 1466 Number of Furnished Units: 4

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-17T00:36:38.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/96516915

    1466 Pescadero Dr San Diego, CA 92107

    • Price: $2,699,900
    • Status: Active
    • ID#: 190036515
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1958
    Built
    Neighborhood:
    Ocean Beach
    County:
    San Diego
    Property Description
    Gross Rent Must at under 12!!! Cap Rate over 5.5!! With additional upside. This is your opportunity. Beach investments like this rarely come available! Each unit has one parking space, recently updated, patios and shared area on on the waters edge - this is what renters and vacationers want. Great for first time investor, live in one rent other three out. Income has increased YoY. Recent capital improvement of over $600k with new sea wall. Think bigger and develop further for bigger returns. Neighborhoods: Sunset Cliffs Other Fees: 0 Unit # for Unit 1: 1472 Unit # for Unit 2: 1470 Unit # for Unit 3: 1468 Unit # for Unit 4: 1466 Number of Furnished Units: 4
    Exterior Features

    Pool Features None Pool Private YN No

    Interior Features

    Cooling See Remarks Cooling YN Yes Levels One

    Property Features

    Association Fee 0.00 Cap Rate 5.80 Country Us Gross Scheduled Income 229483.00 Net Operating Income 150946.00 Number With Dishwasher 2 Number With Patio 4 Number With Range 4 Number With Refrigerator 4 Subdivision Name Other Ocean Beach

    Listing provided courtesy of David Rudd of Keller Williams Carmel Valley


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-17T00:36:38.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
    RE/MAX Masters
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    Covina CA, 91723