1811 Pacific Beach Drive, San Diego, CA 92109 (MLS# 219083011)

1811 Pacific Beach Drive, San Diego, CA 92109

$4,000,000
Property Type: Residential Income Bedrooms: 9 Baths: 9 Square Footage: 5,474 Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $4,000,000 List Date: 8/10/2022 Last Modified: 11/19/2024

Overview

Description

Are you looking for investment income? Look no farther than this jewel asset in Crown Point. This 7 unit apartment is located on the corner of Pacific Beach Drive and Kendall, near Mission Bay. It is fully rented, and offers 2, two bedroom, two bath units, and 5, one bedroom one bath units. Laundry facilities are onsite, along with assigned parking: 2 covered and 4 uncovered spots. It is centrally located, and offers great access to Mission Bay, Pacific Beach, I-5, and the I-8 freeways. Viewing available after accepted offer. Please do not disturb tenants.

Listing Details MLS# 219083011

General Property Information

Total Units
7
Total Bedrooms
9
Full Baths
9
Total Baths
9
Approx SqFt
5474
SqFt Source
Appraiser
Price Per Unit
500000
Fireplace
No
Building # of Stories
2
Pool
No
Lot Acres
0.13
Lot Size Source
Assessor
Zoning
R-3
Zoning Source
Assessor
Year Built
1975
Cross Streets
Kendall

Property Features

Owner Pays: Gardener; Trash Collection; Water Tenant Pays: Cable TV; Electricity; Gas Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Other Possession: Subject To Tenants Rights Showing Access: Other Disclosures: None Levels: Two Flooring: Carpet; Ceramic Tile Cooling Type: None Heating: Wall Furnace Rooms: Living Room Laundry: Community Security Safety: None Sewer: In Street Paid Water: Water District Parking: Assigned Contingent Upon: Other Land Lease Type: Fee Simple

Listing Location and Property Info

APN
4244111500
Original List Price
3500000
Property Sub-Type
Apartment
Street #
1811
Street Name
Pacific Beach
Street Suffix
Drive
County
San Diego
State
CA
Zip Code
92109
Area
PAB - Pacific Beach
Country
US

Listing Info

Number of Buildings
Yes
Water Heater
Yes
Laundry
Yes
Laundry Equipment
Lease
Elevator
No

Tax Info

Tax Mello Roos
No

Property Info

View
No
Senior Community
No
Gated Community
No

More Information

Status Change Info

Status Change Date
2022-10-03
Pending Date
2022-09-02
Closed Date
2022-10-03
Closed Price
4000000

Counts

# Electric Meters
8
# Gas Meter
8
# Water Meters
Yes

Water

Water District Name
SD Water
Water District
Yes

Parking SpacesInformation

Total Parking Spaces
6

Association Information

Mgmt Company Email
Torrey Pines Property Mgmt

Unit Information

Number of Units Leased
7

Listing, Location and Property Info

Entry Date
2022-08-10
Land Type
Fee

Income & Expenses

Actual Total Rent $
161004
Annual Gross Rent $
161004
Projected Rent $
223980
Gross Income $
161676
Monthly Gross Income $
13417
Electricity $
1523
Operating Expenses $
14192
Other Expense $
4050
Professional Management $
13488
Total Annual Operating Expenses $
47688
Trash $
150
Water Expense $
6843
Vacancy Allowance % or $
4830

Owner Pays

Gardener
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes

Sale Type

Standard
Yes

Listing Terms

Cash
Yes
Cash to New Loan
Yes
Other
Yes

Possession

Subject To Tenants Rights
Yes

Showing Access

Other
Yes

Parking Spaces/Information

Total Covered Spaces
2
Total Uncovered/Assigned Spaces
4

Disclosures

None
Yes

Levels

Two
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes

Cooling Type

None
Yes

Heating

Wall Furnace
Yes

Rooms

Living Room
Yes

Laundry

Community
Yes

Security Safety

None
Yes

Sewer

In Street Paid
Yes

Parking

Assigned
Yes

Contingent Upon

Other
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Keller Williams Luxury Homes
Listing Agent: Signe Beck
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.

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