$1,420,000
$1,399,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
3,127 Sqft Lot
SOLD DATE : 08/06/2024
Key Details
Sold Price $1,420,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 240016005SD
Sold Date 08/06/24
HOA Y/N No
Year Built 1957
Lot Size 3,127 Sqft
Property Description
Introducing a rare investment opportunity in the heart of Ocean Beach! This recently updated triplex presents three units with endless potential. The upper unit boasts stunning views and comes fully furnished, offering an ideal opportunity for immediate use as a furnished rental. Each unit has been updated, featuring modern stylish finishes throughout. The property commands a solid 4.8% cap rate as a long-term rental, with the potential to achieve an impressive 8% cap rate as a furnished rental, making it a lucrative prospect for savvy investors. Located just a 6-minute bike ride from the beach in the vibrant Ocean Beach community, this triplex is perfectly positioned to capitalize on the high demand for both long-term and furnished rentals. Don't miss the chance to own a prime income-generating property in this sought-after coastal enclave!
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Fence None
View Y/N Yes
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4498611400
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Financing Conventional
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Bought with Kimberly Schmidt • Compass
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Broker Associate | Lic# 01905244