1346 Grand Ave

    San Diego, CA 92109
    • $10,750,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 200011778
    $10,750,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Ocean Palms is a well-maintained apartment community located just 5 blocks to the beach in the highly desirable Pacific Beach sub-market of San Diego, California. The property was built in 1957 and is comprised of 1 one-bedroom / one-bathroom unit of approximately 560 square feet, 23 two-bedroom / one-bathroom units of approximately 700 - 745 square feet and 2 two-bedroom / two-bathroom units on approximately 865 square feet. The newly renovated interiors include spacious and efficient floor plans, granite counter tops, upgraded flooring and fixtures, all new cabinets (select units), all new tiled showers (select units) and new appliances (select units). The exterior of the property features all new paint, new vinyl windows, 18 surface parking spaces and 8 single-car garages. The property also features on-site laundry facilities and is walking distance to the vibrant Garnet Avenue Business District including major retailers such as Ralph's, Trader Joe's, CVS, Starbucks and various local restaurants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. 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 Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.tophomefinders.com/homes/103992765

    1346 Grand Ave San Diego, CA 92109

    • Price: $10,750,000
    • Status: Active
    • ID#: 200011778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    County:
    San Diego
    Property Description
    Ocean Palms is a well-maintained apartment community located just 5 blocks to the beach in the highly desirable Pacific Beach sub-market of San Diego, California. The property was built in 1957 and is comprised of 1 one-bedroom / one-bathroom unit of approximately 560 square feet, 23 two-bedroom / one-bathroom units of approximately 700 - 745 square feet and 2 two-bedroom / two-bathroom units on approximately 865 square feet. The newly renovated interiors include spacious and efficient floor plans, granite counter tops, upgraded flooring and fixtures, all new cabinets (select units), all new tiled showers (select units) and new appliances (select units). The exterior of the property features all new paint, new vinyl windows, 18 surface parking spaces and 8 single-car garages. The property also features on-site laundry facilities and is walking distance to the vibrant Garnet Avenue Business District including major retailers such as Ralph's, Trader Joe's, CVS, Starbucks and various local restaurants.
    Exterior Features

    Carport Spaces 0.00 Lot Size Units Acres Parking Total 0.00

    Property Features

    Cap Rate 3.44 Country Us Gross Scheduled Income 629040.00 Net Operating Income 370000.00 Operating Expense 242568.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Dylan Wright of Acre Investment Real Estate and David Andrews of Acre Investment Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. 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 Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

     
    Camargo & Wilson Realty Team | Realty ONE Group Southwest
    41463 Margarita Road, Suite 100
    Temecula CA, 92591