2874 B Street

2874 B Street

San Diego, CA 92102

$10,450,000
Last Sold Price
3
Beds
3
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Sold 7/31/23

Sold 7/31/23

a view of a house with a yard
a view of a lobby with table and chairs
a view of a building with a outdoor space
a view of a city
a utility room with cabinets washer and dryer
a bed room with a bed and a window
a bathroom with a sink a toilet and shower curtain

Description

SECOND PRICE REDUCTION: The Pacifica Apartments is a well-located asset with a desirable unit mix in a turn-key condition. Originally constructed in 1962, the property’s interior and exterior has been continuously improved. A future investor can immediately increase rents to market rents and take advantage of the continued broader regional market growth. Alternatively, an investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly....SECOND PRICE REDUCTION: The Pacifica Apartments is a well-located asset with a desirable unit mix in a turn-key condition. Originally constructed in 1962, the property’s interior and exterior has been continuously improved. A future investor can immediately increase rents to market rents and take advantage of the continued broader regional market growth. Alternatively, an investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. Recent updates to the City of San Diego's development regulations, provides a unique redevelopment opportunity. The property is located in the Complete Communities Area, which would allow a developer to exceed height and density limits of the base zone. Located in the charming Golden Hill neighborhood and surrounding communities of Downtown and South Park, the area is a perfect balance of urban activity and quiet neighborhood charm. Residents are walking distance to restaurants, bars, coffee shops and retail. Proximate to several freeways including I-5, I-15 and the 94 Freeway.
  1. Listed by Eric D Comer • DRE #00842230 • Eric D. Comer, Broker

Property Details for 2874 B Street

City Postal ID
SAN DIEGO (92102)

Location

Listing Courtesy of Eric D. Comer, Broker, Eric D Comer, DRE #00842230

Sold By Eric D. Comer, Broker, Eric D Comer, DRE #00842230

Add your commute
LISTING UPDATED: 08/01/2023 12:55 PM

Property Details for 2874 B Street

StatusSold
MLS #230000288
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Apartment
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Eric D. Comer, Broker, Eric D Comer, DRE #00842230

Sold By Eric D. Comer, Broker, Eric D Comer, DRE #00842230

Add your commute

Payment Calculator

$62,967 per month

30 year fixed, 7.25% Interest

Principal and Interest

$57,030

Property Taxes

$5,937

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2874 B Street

Summary Information
Property and Location
  • System ID: 230000288
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 2874
  • Street Name: B
  • Market Area: Metro Central
Interior and Exterior Features
Exterior Features
  • Exterior: Fully Landscaped
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 539-460-32-00
Multi Family Information
Unit 1
  • Unit Furnished: 0
  • Unit Rent: 1382
  • Unit Rent Total: $8,290
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Furnished: 0
  • Unit Rent: 1595
  • Unit Rent Total: $28,715
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Number of Bathrooms: 1
Unit 3
  • Unit Furnished: 0
  • Unit Rent: 2001
  • Unit Rent Total: $16,010
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Number of Bathrooms: 1
Building Details
  • Unit Type: Apartment
  • Age: 1962
  • Construction: Frame, Stucco
  • Have: 32 Units
  • Motive/Want: Cash Out
  • Parking: Spaces
  • SqFt of Improvement: 21,010

Property History for 2874 B Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2874 B Street

Taxable ValueLand$2,143,660Additions$3,650,926Total$5,794,586
Tax Record2023$71,244 ($5,937 / month)
Home Facts
Total Finished SqFt21,010 SqFtAbove Grade Finished SqFt21,010 SqFtLot Size21,038 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningR-4:MULTIPLECountySAN DIEGOAPN539-460-32-00

Schools near 2874 B Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Golden Hill K-8
Public - K to 8
Garfield High School
Public - 9 to 12
Roosevelt International Middle School
Public - 6 to 8
Albert Einstein Academy Charter Elementary
Charter - K to 5
Rating
School
Distance
Golden Hill K-8
PublicK to 8

Garfield High School
Public9 to 12

Roosevelt International Middle School
Public6 to 8

Albert Einstein Academy Charter Elementary
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Eric D. Comer, Broker, Eric D Comer, DRE #00842230

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