4956-64 Santa Cruz Ave., San Diego, CA 92107

San Diego, CA 92107,4956-64 Santa Cruz Ave.

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$3,325,000

Est. payment - /mo

10,500 Sqft Lot

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UPDATED:

10/18/2024 11:30 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 240022561

Lot Size 10,500 Sqft

Acres 0.24

Lot Dimensions 75 x 140

Property Description

Behold 4956-64 Santa Cruz Ave. San Diego, CA 92107, an exceptionally well-located eight (8) unit multifamily property on a larger than typical lot for the area, ideally situated just 1 block from Santa Cruz Cove Beach, within the premium/coastal South Ocean Beach sub-market. Residents here also enjoy being within walking distance to the best area dining/retail/shops on/near Newport Ave. (4 blocks), as well as the iconic OB Pier (4 blocks). The unit mix consists of seven (7) one-bedroom/one-bathroom units, four of which are freestanding single story cottages (each with generous private outdoor areas), and one (1) three-bedroom/one-bathroom unit. There are four (4) functional garages, one storage room, and a laundry room on-site. The main property entry off of Santa Cruz Ave. has a short brick/stucco pony wall, beyond which are front lawns, tasteful perimeter landscaping, and a concrete walkway down the middle that leads to the units. Constructed on a 10,500+ SF lot, 4956-64 is improved by mostly single-story cottage-style buildings, and one two-story building towards the rear of the lot near the alley. All buildings are built of wood-frame construction on concrete on grade foundations, with flat roofs. The apartments are separately metered for gas and electricity, and the property is presently on city trash. Some windows have been replaced with dual-pane vinyl. Interiors are estimated to be clean yet dated, with basic appliance packages and wall heat, providing an opportunity for an investor to renovate the units to a higher-end product, similar to others nearby.

Location

State CA

County San Diego

Area Ocean Beach (92107)

Zoning RM-2-4

Interior

Heating Wall

Cooling Other

Exterior

Exterior Feature Part Landscaped

Garage Garages

Roof Type Composition

Total Parking Spaces 4

Building

Story 2

Lot Size Range .25 Acres or less

Others

Acceptable Financing Cash, Cash to New Loan

Space Rent $184,212

Listing Terms Cash, Cash to New Loan

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Listed by Joseph A Burrough • Palma Commercial

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities