4911-4917 Del Mar Avenue

San Diego, CA 92107

$3,390,000
Last Sold Price
2
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.72% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard,...4911-4917 Del Mar Avenue is an eight unit apartment community located half a block from the ocean in the highly desirable neighborhood of south Ocean Beach. The property is comprised of eight large 775 SF two bed/ one bath units on a 7,008 SF lot. Select units feature new flooring, kitchens, granite countertops, new appliances, blinds, ceiling fans and fixtures. Current rents are strong at a 3.72% cap rate; in addition there is 14%+ upside in rental income. Amenities include a common area courtyard, on-site laundry and on-site parking. This offering is ideal for the astute investor looking to purchase a rare coastal asset in one of San Diego’s most gentrifying beach communities. Due to the property’s close proximity to the beach, the investor will benefit from both long-term appreciation and ability to maximize rental income.
  1. Listed by Christopher J Sarver • DRE #01886309 • Acre Investment Real Estate

Property Details for 4911-4917 Del Mar Avenue

City Postal ID
OCEAN BEACH (92107)

Location

Listing Courtesy of Acre Investment Real Estate, Christopher J Sarver, DRE #01886309

Sold By San Diego, Michael Conger, DRE #01381193

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LISTING UPDATED: 08/19/2021 09:00 AM

Property Details for 4911-4917 Del Mar Avenue

StatusSold
MLS #200048842
Days on Market213
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.16 AC / 7,008 SF
CountySan Diego County

Location

Listing Courtesy of Acre Investment Real Estate, Christopher J Sarver, DRE #01886309

Sold By San Diego, Michael Conger, DRE #01381193

Add your commute

Building Information for 4911-4917 Del Mar Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.16 AC / 7,008 SF

Payment Calculator

$18,501 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,501

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4911-4917 Del Mar Avenue

Summary Information
Property and Location
  • System ID: 200048842
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 4911
  • Street Name: Del Mar Avenue
  • Market Area: Coastal South
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 448-152-10-00
Multi Family Information
Unit 1
  • Unit Rent: 2169
  • Unit Rent Total: $17,350
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Number of Bathrooms: 1
Building Details
  • Age: 1957
  • Have: Units
  • Motive/Want: Sell
  • SqFt of Improvement: 6,310
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y
  • Tenant Pays Water: N

Property History for 4911-4917 Del Mar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4911-4917 Del Mar Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Ocean Beach Elementary School
PublicK to 4

Dana
Public5 to 6

Correia Middle School
Public7 to 8

Point Loma High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Acre Investment Real Estate, Christopher J Sarver, DRE #01886309

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