OFFERING SUMMARY
List Price:
$3,900,000
Number of Units:
8
Price/Unit:
$487,500
Price/SF:
$1,254.83
Cap Rate:
2.29%
GRM:
24.40
NOI:
$89,127
Status:
Active
Investment Highlights:
Rare Opportunity to Own a South Mission Beach Complex Only Steps to the Beach
The Majority Of Units Have Been Partially Renovated (6 of 8)
Unit Mix of 4x 1-Bed / 1-Bath & 4x Studio / 1-Bath
Private Side-Yard for Tenants to Enjoy
Major Electrical and Plumbing Upgrades Completed, New 100 Gallon Water Heater, Roof Replaced 5 Years Ago, Dual Pane Windows, and New Fence Installed
Opportunity to Continue Operating Units As Long Term Rentals or Convert Them to Vacation Rentals
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