Property Detail

4088 Crown Point Drive

San Diego CA 92109

$11,775,000

Status: Active

Property Details

Description

Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.

Map Location

Listing provided courtesy of Thomas McCartin of Marcus & Millichap. Last updated 2023-03-23 08:50:45.000000. Listing information © 2023 CRMLS.

John Collins

John Collins

DRE# 01948188
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