Property Detail
Description
Newer Construction Duplex built by Ocean Development in 2016. Updated in March 2025. Each unit includes approximately 1,750 square feet with 5 bedrooms and 3 full baths. Unit 343 receives $5,026 monthly rental income. Unit 341 receives $4,000 monthly rental income. Thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in on the second level of each unit. Property includes a 3 car garage. We feel this is the best investment property opportunity in the area combining modern construction, quality of construction, location, superior features, and superior rental income. This property returns an estimated 6.2% Cap Rate based on Actual annual gross rental income of $108,312, with estimated Net annual rental income of 77,812. Estimated 11.6xGRM.
Map Location
Listing provided courtesy of Cary Hairabedian of RE/MAX College Park Realty. Last updated 2025-08-26 08:11:39.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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