Photo of Reed Team

Reed Team

858.456.1240

DRE# 00593093,01153506



$3,150,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180047983

Description

We are pleased to present 2104-10 Bacon Street, a rare apartment investment in one San Diego's most gentrifying beach communities. The property consists of two buildings resting on a 7,813 square foot lot two blocks from the ocean. The complex is composed of ten, 325 square foot studio / 1-bath apartments and one 1,100 square foot 3-bedroom / 2-bath unit with a double garage and 8 off-street parking spots. The exterior and courtyard of the property have been newly redesigned with a contemporary spanish style, featuring wood accents, stucco exterior and outdoor tile walkways. Substantial upgrades have been made to the property including solar panels, a security camera system with dvr, a bike rack, flood pumps and drainage system, flood gates, courtyard WIFI, fencing, tile work, grilling area, railings, laundry and interior renovations to select units. All units have been well maintained and feature wood cabinets and tile flooring.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1952
Number of Buildings:
2
Number of Stories:
2
Number of Units w/Garage:
1
Total Number of Parking Spaces:
10

Location

County:
San Diego

Additional Details

Number of Units:
11
Number of Leased Apartments:
11
Number of Stories:
2
Price Per Unit:
$277,272
Down Payment:
$1,260,000
SqFt of Improvement:
4,350
Lot Size:
.25 Acres or less
Lot Square Footage:
7,813
Assessors Parcel #:
448-114-15-00
Cooling:
Wall/Window
Exterior:
Fully Landscaped
Heating Equipment:
Wall
Laundry:
Owned
Parking:
Garages, Spaces

Unit Details

Unit 1
Number of Units:
10
Number of Baths:
1
Rent:
$1,180
Unit Rental Total:
$12,940
Unit 2
Number of Units:
1
Number of Bedrooms:
3
Number of Baths:
2
Rent:
$2,895
Unit Rental Total:
$2,895

Features

Floor Coverings:
Hardwood
Construction Features:
Frame, Stucco
Laundry Utilities:
Owned

Listing provided by

Marcus & Millichap
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Ocean Beach

The area is home to the Ocean Beach Cottage Emerging Historic District, which has several Craftsman bungalows and cottages. The Ocean Beach business district is dominated by small, independent retail businesses, including many antique stores and boutiques. Residents are committed to maintaining a business district that is locally owned and managed – only a few chain businesses exist... Read More

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Presented By
Reed
Team

DRE# 00593093,01153506

858.456.1240

Email Us
Presented By
Reed
Team

DRE# 00593093,01153506

858.456.1240

Email Us

Willis Allen Real EstateThis 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 Sandicor®. 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 © 2018 Sandicor®, Inc.