1558-1564 Ebers St San Diego, CA 92107
SOLD DATE :
Listing Price
2895000
Sold Price
2740000

-5.4%

/mo

9Beds

5Baths

881SqFt

Key Details

Sold Price: $2,740,0005.4%

Property Type: Multi-Family

Listing Status: Sold

Price per Sqft: $3,110

Lot Size: 10,457 Sqft

Year Built: 1950

MLS Listing ID: 190035602

Sold Date:

Subdivision: Ca

Full Baths: 5

Property Description

Marquis 4-unit investment property on 10,457 SF lot just 1.5 blocks from the ocean! High demand rental market w/ units that live like single family homes featuring private garages, in-unit washer/dryer, outdoor yard/patio spaces and 3 units w/ ocean views. Meticulously maintained, newer appliances, dual pane windows, and hardwood floors. Plenty of upside in long term rental rates, impressive short-term rental returns, and lot split development option affords investors a multitude of opportunity. See suppl
This 4-plex presents a very unique opportunity for the savvy real estate investor because of it’s excellent premier location, massive lot size, great unit mix, and the diversity of options to generate a solid return on investment. Increase the rents to market value with long term leases, convert to a short-term rental model and more than double your return, or do a combination of both with the option of redeveloping the property with some minor lot line adjustments and constructing 3 new luxury single family homes in the future. The property has been maintained extremely well, with the upgrades that matter to tenants including full appliance packages in each unit w/ refrigerator, range/oven, dishwashers and in-unit full size washers and dryers, plenty of storage, private garages, exclusive use outdoor yards and patio spaces, and 3 of the units even have panoramic ocean views. And of course the upgrades that matter to an owner like newer roofs on 2 of the units and the garages, updated electrical panels, various plumbing upgrading, and well maintained exteriors which cuts down on maintenance expenses and allows for income growth. Location is everything in real estate and this location is prime. Staying true to its unique laid-back vibe while adding hip new restaurants, coffee shops, community events, cultural activities, farmers markets, organic groceries, antique shops, beachwear, and surf boutiques, Ocean Beach is a vibrant, bohemian neighborhood that offers a classic SoCal beach lifestyle that literally has something for everyone.

Location

State: CA

County: San Diego

Community: Ocean Beach

Multi-Unit Info

Total Units: 4

Buildings: 2

Unit 1 Information: Rents Price: $2,850; SqFt: 881; Bedroom: 2; Bathroom: 1; FullBath: 1; Occupancy: Tenant

Unit 2 Information: Rents Price: $2,750; SqFt: 849; Bedroom: 2; Bathroom: 1; FullBath: 1; Occupancy: Tenant

Unit 3 Information: Rents Price: $3,600; SqFt: 1928; Bedroom: 3; Bathroom: 2; FullBath: 2; Occupancy: Tenant

Unit 4 Information: Rents Price: $2,750; SqFt: 880; Bedroom: 2; Bathroom: 1; FullBath: 1; Occupancy: Tenant

Interior

Heating: Natural Gas

Exterior

Exterior Feature: Stucco

Garage: Unit1:Assigned,Detached Unit2:Assigned,Detached Unit3:Assigned,Detached Unit4:Assigned,Detached

Garage Spaces: 4.0

Fence: Partial

View: Ocean,Panoramic,Panoramic Ocean

Roof Type: Composition,Tile/Clay

Building

Story: Other/Remarks

Sewer: Sewer Connected

Water: Meter on Property

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Listing Sold By Randy Rivera (CA BRE #01185256) of Capital Real Estate Ventures

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Glen Henderson Big Block Realty, Inc
Glen Henderson

Broker Associate CA BRE # 01384181

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