4088 Crown Point Drive

San Diego, CA 92109 View Map $8,700,000 Ask a Question
Sq.Ft.9,790
Year48
Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730

Ask a Question
FOR SALE: 4088 Crown Point Drive San Diego CA 92109 | 230002968 |$8,700,000| Call Rob (858) 752-8730 for a TOUR!

Status: Sold
Property Type:Com-Res Income
MLS #:230002968
Sq. Feet:9,790
Date Sold:8/28/2023
Lot Size:0.23 Acres
County:San Diego

Listing Agent/Office

Agent:Thomas Mccartin
Agent Phone:858-373-3100
Office:Marcus & Millichap
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.

Detailed Maps

Community Information

Address:4088 Crown Point Drive, San Diego, CA 92109
County:San Diego
Area (MLS Code):Coastal South
Zip Code:92109

Features / Amenities

Amenities: Elevator

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 Size: 0.23 Acres
Lot Dimensions:1.5 through 2.5 Acres
Zoning:Commercial

Tax and Financial Info

Gross Sched Income Projected: $806, 400
Other Income Projected: $17, 000
Cap Rate Projected: $4.82
Actual Operating Expense: $220, 472
Actual Gross Schd Income: $493, 720
Tenant Pays: Electricity, Gas
Terms: Owner May Carry 1st, Owner May Carry 2nd

Schools

WALKING AND TRANSPORTATION

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Listing information last updated on February 27, 2024 11:45 AM EST.