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    3364-70 Mission Blvd

    San Diego, CA 92109
    • $2,000,000
    • STATUS: ACTIVE
    • ON SITE: 36 days
    • ID#: 200053541
    UPDATED: 46 min ago
    $2,000,000
    • 7
      BEDS
    • 0.05
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,580
      SQFT
    • $775
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Investor Opportunity with location to the beach, on the strand at Mission Beach. Some renovations have been made with room to maximize its full potential. Best investment opportunity in Pacific Beach. Sidewalk walking distance to the sand, multifamily 4 unit building with ocean view from 2nd floor.Ideal for vacation rentals. Property has a long term tenant paying $9500 per month. Building has permit to build motel, check with county. Location is one block from Belmont Park. Fix & develop. 3 bed/2 Bath 930 Sq Ft, 2 Bed/1 Bath 550 Sq Ft, 1 Bed/1 Bath 550 Sq Ft, 1 Bed/1 Bath 550 Sq Ft - total of 4 units with 4 separate entries. Shared deck and upper deck has views to ocean. On the strand with sidewalk to the sand. Two story building with a side patio for grilling lounging just steps to retail, restaurants, amusement park, the bay or ocean. Buy to build and improve or use existing tenant for immediate income, long term tenant is paying $9500 per month. Units are already partially renovated. An amazing experience at this location ocean views, bay views, park views, enjoy coastal living. Best place in Pacific Beach to invest. Very walkable.

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    This 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 San Diego MLS. 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/112485088
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    3364-70 Mission Blvd San Diego, CA 92109

    • Price: $2,000,000
    • Status: ACTIVE
    • Updated: 46 min ago
    • ID#: 200053541
    7
    Beds
    5
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,580
    SQFT
    $775
    $/SQFT
    1949
    Built
    Neighborhood:
    Mission Beach Strand
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    Investor Opportunity with location to the beach, on the strand at Mission Beach. Some renovations have been made with room to maximize its full potential. Best investment opportunity in Pacific Beach. Sidewalk walking distance to the sand, multifamily 4 unit building with ocean view from 2nd floor.Ideal for vacation rentals. Property has a long term tenant paying $9500 per month. Building has permit to build motel, check with county. Location is one block from Belmont Park. Fix & develop. 3 bed/2 Bath 930 Sq Ft, 2 Bed/1 Bath 550 Sq Ft, 1 Bed/1 Bath 550 Sq Ft, 1 Bed/1 Bath 550 Sq Ft - total of 4 units with 4 separate entries. Shared deck and upper deck has views to ocean. On the strand with sidewalk to the sand. Two story building with a side patio for grilling lounging just steps to retail, restaurants, amusement park, the bay or ocean. Buy to build and improve or use existing tenant for immediate income, long term tenant is paying $9500 per month. Units are already partially renovated. An amazing experience at this location ocean views, bay views, park views, enjoy coastal living. Best place in Pacific Beach to invest. Very walkable.
    Exterior Features

    Exterior Other/Remarks Fencing N/K Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 1

    Interior Features

    Cooling N/K Furnished Units 4 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 1

    Property Features

    Actual Cap Rate 5.0 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Mission Beach Complex Park N/A Cross Streets Mission Blvd Gross Rent Multiplier Actual 18.4 Gross Scheduled Income Actual 114000 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricitySewerTrashWater Terms CashConventionalExchangeFhaOther/Remarks Unit Number For Unit1 3370 Unit Number For Unit2 3364 Unit Number For Unit3 3366 Unit Number4 3368 Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 10500.0 Unit1 Rent Actual 3500.0 Unit2 Deposit 1500 Unit2 Occupied Tenant Unit2 Projected Rent 7500.0 Unit2 Rent Actual 2500.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 4500 Unit3 Rent Actual 1750.0 Unit4 Deposit 1000 Unit4 Occupied Tenant Unit4 Projected Rent 4500 Unit4 Rent Actual 1750.0

    Listing provided courtesy of Ten X Realty. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This 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 San Diego MLS. 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128