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    1428 Grand Ave

    San Diego, CA 92109
    • $2,695,000
    • STATUS: ACTIVE
    • ON SITE: 11 days
    • ID#: 210011051
    UPDATED: 69 min ago
    $2,695,000
    • 12
      BEDS
    • N/A
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 4,500
      SQFT
    • $599
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    1428 Grand Ave is a four unit property consists of four 3 Bedroom Townhome Style Units. This property is just a few blocks from the ocean and walking distance to all of the vibrant bars and restaurants in Pacific Beach, San Diego. Rents in this submarket have skyrocketed since the pandemic and it is not stopping anytime soon with summer just around the corner in San Diego. All tenants are month to month. Washer and dryer in unit. The tenants pay electric and gas, the owner only pays for water and landscaping for utility payments. This rare value add opportunity in a class A market is something that you will not want to miss out on.

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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.lajollaagent.com/homes/116525857
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    1428 Grand Ave San Diego, CA 92109

    • Price: $2,695,000
    • Status: ACTIVE
    • Updated: 69 min ago
    • ID#: 210011051
    12
    Beds
    8
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,500
    SQFT
    $599
    $/SQFT
    1988
    Built
    Neighborhood:
    Pacific Beach
    County:
    San Diego
    Area:
    Pacific Beach (92109)
    Property Description
    1428 Grand Ave is a four unit property consists of four 3 Bedroom Townhome Style Units. This property is just a few blocks from the ocean and walking distance to all of the vibrant bars and restaurants in Pacific Beach, San Diego. Rents in this submarket have skyrocketed since the pandemic and it is not stopping anytime soon with summer just around the corner in San Diego. All tenants are month to month. Washer and dryer in unit. The tenants pay electric and gas, the owner only pays for water and landscaping for utility payments. This rare value add opportunity in a class A market is something that you will not want to miss out on.
    Exterior Features

    Exterior Stucco Fencing Partial Roof Tile/Clay Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 4

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 1 Half Baths Unit3 0 Half Baths Unit4 1 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 3 Total Baths Unit3 2 Total Baths Unit4 3 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

    Property Features

    Actual Cap Rate 2.6 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 54042 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Pacific Beach Complex Park Pb Community Park Cross Streets Gresham Gross Rent Multiplier Actual 21.0 Gross Rent Multiplier Project 14.0 Gross Scheduled Income Actual 127200 Gross Scheduled Income Project 184800 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Net Operating Income Projected 126781 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.7 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 2700 Unit1 Occupied Tenant Unit1 Projected Rent 3800.0 Unit1 Rent Actual 2700.0 Unit2 Deposit 2700 Unit2 Occupied Tenant Unit2 Projected Rent 3900.0 Unit2 Rent Actual 3000.0 Unit3 Deposit 2600 Unit3 Occupied Tenant Unit3 Projected Rent 3800 Unit3 Rent Actual 2600.0 Unit4 Deposit 2700 Unit4 Occupied Tenant Unit4 Projected Rent 3900 Unit4 Rent Actual 2700.0

    Listing provided courtesy of South Coast Commercial, Inc.. 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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