Sold

4088 Crown Point Drive

San Diego CA, 92109

$8,700,000


Sold

Commercial

Listed by Thomas McCartin with Marcus & Millichap 858-373-3100

Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.

230002968SD

MLS ID

February 14, 2023

Listed

March 23, 2024

Updated

Map

4088 Crown Point Drive
San Diego CA, 92109

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.22 Acres


Roof

Composition

Other Property Details

Area Name

92109 - Pacific Beach


Days on Market

35


Garage

No


Parking Total

29


View

No


County

San Diego


Pool

No


Zoning

Commercial


Buyer Agency Compensation

1.25%

Listing History

Date

Event

Price

8/28/2023

Price Change

$8,700,000

-27%

8/28/2023

Sold

$8,700,000

Listing Contact: 858-373-3100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/23/2024 at 1:29 AM UTC

 

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