OFFERING SUMMARY
List Price:
$2,200,000
Number of Units:
5
Price/Unit:
$440,000
Price/SF:
$610.43
Cap Rate:
3.17%
GRM:
18.61
NOI:
$69,658
Status:
Active
Investment Highlights:
Prime Location in a Rapidly Gentrifying Golden Hill Residential Community
6 Blocks To Beach In The Highly Gentrifying Ocean Beach Neighborhood Of San Diego
Rare Unit Mix Of Large 2-Bedroom (approx. 900sf) & 1-Bedroom Units (approx. 600sf)
Walkable to Popular Sunset Cliffs Boulevard & Newport Avenue Retail & Entertainment
On-Site Laundry & Six Off-Street Parking Spaces; Minor Interior Improvements
Major Improvements To Windows, Railings, Roof & Electrical In 2018 & 2023
Only 3 Ocean Beach Complexes Above 4 Units Have Traded Since January
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