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1057-1063 Grand Ave
San Diego, CA 92109
Grand West · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Vacation Rental Income
- 3.5 Blocks to the Beach
Executive Summary
Seller is selling property nextdoor with same configuration (1065-71 Grand so 8 units total). This is 4-units with 4 garages in PB and only 3.5 blocks to the ocean! All units consist of 2 bedroom, 1 bath, 825 sqft with private patios. All are residential units totaling 3,300 sqft on a 6,245 sqft lot. Current rents are extremely low. CAP 4.5% at $3,500 a month rent w/ no updating. Also, potential for garage-to-ADU conversions. This provides a rare opportunity to own multifamily real estate just steps from the funnest beach in San Diego, Pacific Beach. Two units are currently STVRs (one unit pictured), one vacant, one long term. There are still STVR licenses available in the city of SD! ...DO NOT DISTURB TENANTS
Property Facts
| Price Per Unit | $831,783 CAD | Building Size | 3,300 SF |
| Sale Type | Investment | Average Occupancy | 25% |
| Cap Rate | 2.87% | No. Stories | 2 |
| Gross Rent Multiplier | 22 | Year Built | 1960 |
| No. Units | 4 | Parking Ratio | 2.42/1,000 SF |
| Property Type | Multifamily | Cross Streets | Cass st |
| Price Per Unit | $831,783 CAD |
| Sale Type | Investment |
| Cap Rate | 2.87% |
| Gross Rent Multiplier | 22 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,300 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.42/1,000 SF |
| Cross Streets | Cass st |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
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