4111 Bayard St - CALL OWNER 858-229-4111 SCOTT 4,612 SF Specialty Building Offered at $6,749,438 CAD at a 16.41% Cap Rate in San Diego, CA 92109

(NO AGENT SOLICITATION!).................(NO AGENT SOLICITATION!)
PRICE $4,900,000
16% CAP RATE AT 100% OCCUPANCY. CAN GENERATE OVER $1,000,000 PER YEAR.
HIGHLY SOUGHT OUT BRAEMAR DISTRICT NEIGHBORHOOD. (OWNER SCOTT KAISER 858-229-4111). BY FAR THE BEST (OWNER SCOTT KAISER 858-229-4111) NEIGHBORHOOD IN ALL THE BEACH AREAS. LOCATED NEXT TO THE CATAMARAN RESORT. YOUR FAMILY AND GUEST WILL ENJOY THE RESORT'S SPA, RESTAURANT, POOL AND ETC. JUST A FEW STEPS TO ALL 3 FAMOUS BEACH'S, MISSION BAY, MISSION BEACH AND PACIFIC BEACH. WALK AND BIKE THE BOARDWALKS.
LOCATION, LOCATION, LOCATION!!! THIS IS THE BEST!!!
Has 4612 sq.ft. plus balcony roof deck and basement. Large deck with water views. Rare opportunity to own in the coveted Braemar district in Pacific Beach! Excellent condition. THIS IS THE PERFECT HOUSE FOR A LARGE FAMILY THAT CAN SHARE WITH EXTENDED FAMILY MEMBERS. SPLIT MORTGAGE BETWEEN 2 FAMILIES. Or as a high income investment rental. Management team available.
EXCELLENT “ADD ON VALUE”:
1). WITH THE NEW SB-9 LAW PASSING AUGUST 2021 YOU HAVE THE OPPORTUNITY TO SPLIT THE PROPERTY INTO TWO. EACH SIDE ESTIMATE VALUE IS $3ML FOR A TOTAL OF $6ML.
2). WITH THE JANUARY 2024 SB-10 LAW PASSED, YOU MAY HAVE THE OPPORTUNITY FOR 6 INDIVIDUAL PROPERTIES UNITS TO BE BUILT.
3). ON JUNE 2025 SB-79 LAW (SUBJECT TO PASSING) MAY ALLOW 15 UNITS, 6 STORIES, TOTAL OF 20,250 SQUARE FEET WITH A HEIGHT OF 65’. BEAUTIFUL OCEAN/BAY VIEWS.
AT THE CLOSE OF SALE, OWNER IS WILLING TO CONTINUE TO MANAGE THE PROPERTY OR WILLING TO TRANSITION IN ANOTHER MANAGEMENT COMPANY.
Questions or to show to a buyer email Scott at bayard4111@yahoo.com phone 858-229-4111. Prefer all cash offers. Seller will entertain all offers. Sold "as is”.
ALL CASH BUYERS ONLY! Or very strong finance offer.
NO AGENT SOLICITATION. BUYER AGENT COMMISSION 2.5%.
NO AGENT SOLICITATION! NO AGENT SOLICITATION! NO AGENT SOLICITATION!