$5,700,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180019875

Description

$475,000 PER UNIT ONLY 3 PROPERTIES AWAY FROM BAY ACCESS! ONE OWNER-1ST TIME ON MARKET! 12 HIGHLY DESIRABLE PACIFIC BEACH UNITS ACROSS FROM SAIL BAY! SITUATED ON RM-2-5 ZONED 18,520 SQUARE FOOT LOT. PROPERTY CONSISTS OF 2BR 1BA HOUSE AT 3958 RIVIERA DR & 2BR 2BA HOUSE AT 3966 RIVIERA DR, FIVE 2BR 1.5BA TOWNHOUSES, TWO 2BR 1.5BA APTS, ONE 1BR 1BA APT, A 3BR 1.5BA TOWNHOUSE AT 3929 GRESHAM & 1BR 1.5BA TOWNHOUSE AT 3931 GRESHAM. ONE 2 CAR GARAGE, ONE 1 CAR GARAGE; 22 TOTAL PARKING SPACES. MOST UNITS HAVE FIREPLACES. RENTS WELL BELOW MARKET RATES, WITH INCREASES SCHEDULED FOR OCTOBER 1ST 2018. PRELIMINARY RIVIERA MARINA CONDOMINIUM PLAN AND CCR'S WERE FILED IN 1980.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1977
Number of Buildings:
5
Number of Stories:
2
Number of Units w/Garage:
2
Total Number of Parking Spaces:
22

Location

County:
San Diego

Additional Details

Number of Units:
12
Number of Leased Apartments:
12
Number of Stories:
2
Total Monthly Rent:
$24,655
Price Per Unit:
$475,000
Down Payment:
$1,750,000
Fiscal Year:
01/12
Gross Equity:
$5,700,000
Existing Finance:
Clear
SqFt of Improvement:
10,432
Lot Size:
.25 through .50 Acres
Lot Square Footage:
18,520
Assessors Parcel #:
423-382-27-00
Zoning:
RM-2-5
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Dishwasher:
10
Units with Disposals:
10
Units with Drapes:
12
Units with Ranges:
12
Units with Refrigerator:
12
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Exterior:
Auto Front Sprinklers, Cable Available, Part Fenced, Wood Fence
Heating Equipment:
Radiant, Wall
Roof:
Composition, Rock/Gravel, Shake, Tar & Gravel, Wood
Laundry:
Leased
Parking:
Garages, Spaces

Unit Details

Unit 1
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,730
Unit Rental Total:
$1,730
Unit 2
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$2,250
Unit Rental Total:
$2,250
Unit 3
Number of Units:
7
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$2,017
Unit Rental Total:
$14,120
Unit 4
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,795
Unit Rental Total:
$1,795
Unit 5
Number of Units:
1
Number of Bedrooms:
3
Number of Baths:
1.50
Rent:
$3,000
Unit Rental Total:
$3,000
Unit 6
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1.50
Rent:
$1,760
Unit Rental Total:
$1,760

Dimensions

Lot:
100X185

Features

Floor Coverings:
Tile, Vinyl, Wall to Wall Carpet, Other/Remarks
Construction Features:
Drywall, Stucco, Other/Remarks
Laundry Utilities:
Leased

Listing provided by

Dunn, REALTORS/Park Pacific
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Crown Point

The quiet and quaint neighborhood of Crown Point is located on the southeast side of Pacific Beach. It is surrounded on three sides by Mission Bay. Crown Point offers a wide variety of homes that range from low $300,000 condos to $8 million single family bayfront homes.

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.


Presented By
Missy
McNally

DRE# 00958197

619.987.2163

Email Me
Presented By
Missy
McNally

DRE# 00958197

619.987.2163

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.