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Key Details
Sold Price $2,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230015440SD
Sold Date 11/16/23
HOA Y/N No
Year Built 1960
Lot Size 5,789 Sqft
Property Description
4278-84 Olney St is a rare beach area 4-unit rental property in the highly desirable Crown Point area of Pacific Beach. Priced to sell. Walk or bike to bay or beach lifestyle is paramount to the property's evident appeal. Potential to add units, see city rules. This well cared for property features 4 units all with 2 bedrooms and 1 full bath. 3 Units feature private yards and laundry. 3 units are at ground level, with 1 unit upstairs. Potential in this multifamily zone RM to add up to 2 detached ADU units on property. Each unit has one off street parking spot with possible space for more parking. All units feature new flooring, up to date maintenance, and recent water heaters and appliances. 3 units feature new bathroom remodels, 1 completely new kitchen, and vinyl windows throughout, new custom steel railings, and contemporary landscaping. Current rents total 11,690 /mo. current with 12,800 projected. With potential ADUs the projected rents would total 18,800/mo (6units) for annual gross income of 225,600. The property is currently fully occupied with excellent pre-screened high-quality tenants. Do not disturb tenants.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Building/Complex Name private
Zoning RM1-1
Interior
Heating Natural Gas
Cooling None, See Remarks
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Lot Description Drip Irrigation/Bubblers
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4242021300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with James Farajzadeh • HomeSmart Realty West