1466-74 Pescadero Dr, Ocean Beach (OB), CA 92107

$2,699,900
1475
BD
4
BA
List Price
$2,699,900
Status
ACTIVE
MLS#
190036515
Bedrooms
1475
Bathrooms
4
Lot Size(Range)
4,000-7,499 SF
Complex/Building Name
N/A
Property Type
Multifamily
Year Built
1958

Property Description

Top opportunity in area all on the waters edge. High ocean front cap rate / return from day 1. Occupancy over 90% as STR, highly desirable with upside potential. Each unit has one parking space, recently updated, patios and shared area on on the waters edge - this is what renters and vacationers want. Great for first time investor, live in one rent other three out. Income has increased YoY. Recent capital improvement of over $600k with new sea wall. Think bigger and develop further for bigger returns.

Additional Information

Building Name
N/A
Cooling
Other/Remarks
Frontage
Ocean/Bluff, Ocean/Sand
Gross Rent Multiplier Actual
11
Gross Scheduled Income Actual
229483
Lot Size Range
4,000-7,499 SF
Neighborhood
Sunset Cliffs
Pets
Yes
Roof
Other/Remarks
Stories
1 Story
Style
Res Income 2-4 Units
Tenant Pays
N/K
View
Panoramic Ocean
Year Built
1958

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Carmel Valley

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