OFFERING SUMMARY
List Price:
$3,495,000
Number of Units:
6
Price/Unit:
$582,500
Price/SF:
$852.44
Cap Rate:
2.98%
GRM:
20.28
NOI:
$104,166
Status:
Active
Investment Highlights:
Just Over 1 Block To Beach In The Highly Gentrifying Ocean Beach Neighborhood Of San Diego
Rare Unit Mix Of Large 2-Bedroom (approx. 800sf) & 1-Bedroom Units (approx. 450sf)
Walkable to Popular Sunset Cliffs Boulevard & Newport Avenue Retail & Entertainment
Large Private Courtyard, Nine Off-Street Parking Spaces & Six Storage Lockers
Major Improvements To Windows, Interiors, Roof & Subpanels & Landscaping Recently
Only 6 Ocean Beach Complexes Above 4 Units Have Traded In 2023; High Barrier Market
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