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Property for sale: 1746 Oliver Avenue in San Diego

1746 Oliver Avenue San Diego

Main Photo: Property for sale: 1746 Oliver Avenue in San Diego
$4,295,000 /859000.0
Prop. Type:
Com-Res Income
MLS® Num:
240010733
Status:
Active
Year Built:
1969
We are pleased to present for sale the recently renovated trophy asset, Oliver Village. Located in Crown Point within Pacific Beach, Oliver Village boasts an unrivaled unit mix of 4, 2-bedroom townhomes and a standalone 3-bedroom house. Units average 1,155 square feet and boast rents just under $4,500 per unit. Oliver Village was fully renovated with modern touches in 2022 – all units feature stainless steel appliances, hard surface flooring, completely renovated bathrooms, upgraded countertops, modern finishes, and an upgraded paint scheme. No expense was spared upgrading the property with all new dry scape landscaping, new gates, new turf for the private patios and backyards, new awnings, new AT&T fiber optic cable, all new lighting, and a full paint job. This one-of-a-kind property offers a new owner the ability to own a trophy community in one of San Diego’s most desirable submarkets that offers tenants an unbeatable locale. Fully stabilized, a new owner can enjoy above market cashflow on day one of their ownership, within one of the steadiest and most robust coastal rental markets in all of San Diego. A savvy new owner may be able to split the 3-bedroom house into 2 separate units within ADU laws while capturing the space from the attached 1-car garage, offering further upside.
Rental Amount:
22475
Price Per Unit:
859000.0
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
3
Number of Units:
5
Num Stories:
2
Year Built:
1969
Cap Rate.:
4.4
Gross Multiplier:
15.83
Gross scheduled income:
271269.0
Other income source:
8160
Operating expense:
82168
Gross equity:
0
Motive / Want:
Sell
Listing Type:
Exclusive Agency (A)
Complex Features:
Other/Remarks
Total Parking Spaces:
7
Number of Units with Garages:
1
Number of Leased Appartments:
5
Parcel Number:
424-231-22
Number of Units in Unit 1:
3
Total Rent for Unit 1:
11985.0
Bedrooms for Unit 1:
2
Bathroom 1:
1.5
Number of Units in Unit 2:
1
Total Rent for Unit 2:
4195.0
Bedrooms for Unit 2:
2
Bathroom 2:
2.0
Number of Units in Unit 3:
1
Total Rent for Unit 3:
6295.0
Bedrooms for Unit 3:
3
Bathroom 3:
3.0
Listed by NorthMarq Multifamily
Data was last updated June 11, 2024 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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