3895 Ocean View Boulevard

San Diego, CA 92113

PRICE REDUCED

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-$166,000 (-14.25%)

$999,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1913

calendar_month Built

Property Description

Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates.The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.

Listing Information

List Price $999,000
Status Active
MLS SW24166114
Type Residential Income
Subtype Triplex
Year Built 1913
Lot Size 3,751
Structure Size N/A
DOM 47
Courtesy Of Hallway Realty
Listing Agent Donny Hall DRE#01852577

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Donny Hall, Hallway Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.