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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 180054868
Sold Date 01/08/19
HOA Y/N No
Year Built 1947
Lot Size 6,969 Sqft
Property Description
South OB 4-Unit Property on +/- 6,995 SF Lot, within 2 Blocks of OB Pier, Beach, and local dining staples. This property features two single-story duplex buildings, each housing two 1Br/1Ba units (for 4 total 1Br/1Ba units). The rear building has a bank of 4 garages attached at the alley, and there is one covered surface off-street space. All units have spacious outdoor patio areas, front and rear access doors, wall heat, hardwood floors and cabinets, tile floors in kitchens and bathrooms. Built around 1947, and updated in the 1990s, the buildings are of wood-frame construction on a concrete on grade foundation, with pitched roofs, aluminum windows, and siding that is a combination of brick (lower portion), wood siding (upper portion), and stucco (bank of garages). Units have wall heat and ceiling fan/light fixtures, HW flooring (real Aus. HW) in living areas, tile in kitchens and bathrooms. Each unit has dedicated spacious outdoor patio area, as well as other common area outdoor space. In the early 2000s, the roof at the rear building was replaced. Separately metered for gas and electricity, landlord pays water/sewer. Upside potential through modernization/upgrades and raising rents to market levels for fixed-up product in the immediate area. Zoned RM-2-4 for redevelopment potential as well. Seller to complete a 1031 exchange. See video supplement and OM for further details. Neighborhoods: South OB Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Heating NaturalGas
Cooling SeeRemarks
Fireplace No
Appliance GasWaterHeater
Exterior
Fence Partial
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Tax ID 4481722800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Joseph Burrough • Palma Commercial