$1,420,000
$1,399,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
500 SqFt
SOLD DATE : 08/06/2024
Key Details
Sold Price $1,420,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $2,840
Subdivision Ocean Beach
MLS Listing ID 240016005
Sold Date 08/06/24
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1957
Lot Size 3,129 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
Community Ocean Beach
Area Ocean Beach (92107)
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco
View Lagoon/Estuary
Roof Type Composition
Building
Story 2
Lot Size Range 1-3999 SF
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, VA
Space Rent $2,500
Listing Terms Cash, Conventional, VA
Financing Conventional
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Bought with Kimberly Schmidt • Compass