3415 Mission Boulevard

San Diego, CA 92109 View Map $1,875,000 Schedule a Tour
Beds4
Baths3
Sq.Ft.2,136
Year1955
3415 Mission Boulevard, San Diego, 92109 | MLS#200013464 Photo 1
3415 Mission Boulevard, San Diego, 92109 | MLS#200013464 Map
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Status: Contingent
Listing Office:Marcus & Millichap
Property Type:Res Income 2-4 Units
MLS #:200013464
Sq. Feet:2,136
On Site:81 Days
Lot Size:N/A
County:San Diego
The Luv Surf Apartments is an extremely rare, newly stabilized mixed-use asset in Mission Beach, one of the most popular beach towns in Southern California. On the ground floor is a newly rehabilitated 650 square foot VACANT commercial space prime for a new tenant, and just up a flight of stairs rests three newly-leased residential units consisting of a single 2-bedroom / 1-bath unit and two 1-bedroom / 1-bath units.

Each unit has been upgraded to the highest-end finishes and is prime for both short and long-term rentals. Unit features include all new flooring, mini-split A/C systems, appliance packages, cabinetry, quartz countertops, backsplash, walk-in showers, tile and custom closet fixtures. Each unit includes its own single-car garage and in-unit laundry. The three residential units have been fully stabilized and leased while the commercial space is being kept available for a new buyer to insert their own tenant or owner/occupy. One of the most popular beaches in the city and easily accessible to nearby San Diego hotels, Mission Beach sports a two-mile oceanfront boardwalk and quaint beach cottages for residents and seasonal tourists. Belmont Park, the notable oceanfront amusement park, is also due to undergo some major renovations by its operator, Pacifica Enterprises. Pacifica plans to open a two-story Fit Athletic Club where the irreparable Plunge indoor swimming pool once was, which will feature a rooftop workout area, juice bar, and Astroturf for yoga classes. The nearly $11M investment into the project, along with ongoing residential development of luxury condos in the area will continue to drive tourism and rental demand in this already popular beach town.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:3415 Mission Boulevard San Diego, CA 92109
County:San Diego
Area (MLS Code):Coastal South
Subdivision:Mission Beach
Zip Code:92109
Community:MISSION BEACH

Architecture

Bedrooms: 4
Bathrooms: 3
Year Built:1955
Stories:2
Exterior: Wood/Stucco
Total Stories: 2
Unit 1: 1 bed, 1 bath. Rent: $1700.0
Unit 2: 1 bed, 1 bath. Rent: $1700.0
Unit 3: 2 beds, 1 bath. Rent: $2600.0
Roof: Composition

Features / Amenities

Total Sq. Ft.:2136
Cooling: Wall/Window
Heating: Wall/Gravity
Heat Source: Electric

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Dimensions:1-3,999 SF
Topography: Level
Water: Meter on Property

Tax and Financial Info

Gross Sched Income Actual: $72, 000
Annual Expense Actual: $32, 021
Cap Rate Actual: $2
Tenant Pays: Cable TV, Electricity, Gas/Propane
Terms: Cash

Schools

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3415 Mission Boulevard San Diego, CA 92109
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3415 Mission Boulevard San Diego, CA 92109
 
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Listing information last updated on June 7, 2020 1:45 AM EST.