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Listing 19 out of 9,143
$17,500,000 For Sale

4019-25 Oakcrest Drive
San Diego, CA 92105

81 units | Multi Family 5+ - MLS# 180054468
Property Photo
1/23

Description

Located in an Opportunity Zone, the Pacific Cove Apartments have been extensively remodeled within the past year. The exterior of the property has been painted, fitted with new windows, stairs, walkways, as well as re-landscaped with virtually no maintenance landscaping. The remodeled units all have low flow toilets, faucets and showerheads. All units have remodeled kitchens with new wood cabinets and quartz counter-tops as well as new appliances. Select units have dishwashers and all units have microwaves, new vinyl plank flooring in the common areas as well as ceiling fans. The property features units with balconies and has plenty of parking. The property consists of 44,067 sq ft of structure built in 1986 and situated on a 64,904 square foot lot. Twenty-five (25) of the units are spacious 2 Bed / 1 Bath units with in unit washers and dryers, (46) of the units are large 1 Bed / 1 Bath units and (10) are studios. There are multiple laundry rooms. The property has a low cost of operation and low maintenance.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92105
  • Age: 1986
  • Units: 81 units
  • # Units w/Dishwashers: 81
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Bedrooms (1): 2
  • # of Bedrooms (2): 1
  • # of Buildings: 3
  • # of Leased Apartments: 81
  • # of Stories: 3
  • # of Units (1): 25
  • # of Units (2): 46
  • # of Units (3): 10
  • # of Units w/Ranges: 81
  • # of Units w/Refrigerator: 81
  • Actual Gross Oper Income: 1358912
  • Actual Gross Schd Income: 1400940
  • Actual Operating Expense: 445903
  • Cap Rate Actual: 5.2
  • Cap Rate Projected: 5.5
  • Gross Equity: 1000000
  • Listing Area: EAST SAN DIEGO (92105)
  • Lot SqFt: 64904
  • Monthly Rent Total: 116745
  • Parking: 95-Car
  • Price/SF of Improvments: 397.12
  • Proj Gross Multiplier: 12
  • Proj Gross Operating Inc: 1409837
  • Proj Operating Expense: 445903
  • Proj. Gross Sched. Income: 1453440
  • Projected Net Income: 963934
  • SqFt of Improvement: 44067
  • Unit Rent (1): 1735
  • Unit Rent (2): 1320
  • Unit Rent (3): 1140
  • Unit Rent Total (1): 43375
  • Unit Rent Total (2): 60720
  • Unit Rent Total (3): 11400
Courtesy of South Coast Commercial, Inc.

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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