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825-27 Ormond Ct

San Diego, CA 92109
  • $2,000,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: SDC0000388
$2,000,000
  • 4
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $1,000
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

We present this excellent opportunity to own a three unit Mission Beach investment property! This residential complex consists of two 1-bedroom / 1-bath units & one 2-bedroom / 1-bath unit. Bottom unit features a private enclosed patio and property does include THREE covered off-street parking spaces. Ideally located just a 'stone's throw' from Mission Bay and short walk Across Mission Blvd. to the Pacific Ocean. In the heart of Mission Beach with walking access to the many shops, cafes and pubs. This property currently generates steady occupancy and rent with great upside potential, as well as, the opportunity of multi-unit re-development possibility. Units are separately metered with gas and electric. Add this property to your portfolio today!

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San Diego MLS logo 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/128460514
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825-27 Ormond Ct San Diego, CA 92109

  • Price: $2,000,000
  • Status: ACTIVE
  • On Site: 16 Days
  • ID#: SDC0000388
4
Beds
3
Baths
0
½ Baths
0.06
Acres
2,000
SQFT
$1,000
$/SQFT
1963
Built
Neighborhood:
Mission Beach
County:
San Diego
Property Description
We present this excellent opportunity to own a three unit Mission Beach investment property! This residential complex consists of two 1-bedroom / 1-bath units & one 2-bedroom / 1-bath unit. Bottom unit features a private enclosed patio and property does include THREE covered off-street parking spaces. Ideally located just a 'stone's throw' from Mission Bay and short walk Across Mission Blvd. to the Pacific Ocean. In the heart of Mission Beach with walking access to the many shops, cafes and pubs. This property currently generates steady occupancy and rent with great upside potential, as well as, the opportunity of multi-unit re-development possibility. Units are separately metered with gas and electric. Add this property to your portfolio today!
Exterior Features

Exterior Wood Fencing Partial Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 1

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0

Property Features

Actual Cap Rate 1.35 Age Restrictions N/K Annual Expense Actual 13000 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Mission Beach Cross Streets Bayside Ln Gross Rent Multiplier Actual 50 Gross Scheduled Income Actual 40000 Home Owners Total Fees 0 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Total Cfd Mello Roos 0 Total Other Fee 0 Unit Number For Unit1 825 Unit Number For Unit2 825.5 Unit Number For Unit3 827 Unit1 Deposit 1717 Unit1 Occupied Tenant Unit1 Projected Rent 2995 Unit1 Rent Actual 1717 Unit2 Deposit 1750 Unit2 Occupied Tenant Unit2 Projected Rent 1995 Unit2 Rent Actual 1750 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1995 Unit3 Rent Actual 0 Zoning [R-4:MULTI

San Diego MLS logo Listing provided courtesy of Shore Management, Inc.. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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