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Listing 2 out of 2,939
$15,000,000 For Sale

3956-3996 Shasta Street
San Diego, CA 92109

24 units | Multi Family 5+
1.04 acres - MLS# 190039802
Property Photo
1/11

Description

Rare and unique opportunity to acquire an irreplaceable multifamily asset located in the premier coastal community of Crown Point in Pacific Beach. In 2018, Driftwood underwent a $3 million renovation completely rebuilding the community to condominium specifications. Every building element was redone including the roofs, interiors, parking, landscaping, and the addition of several amenities including storage lockers, pet wash station, car charging stations and firepit. Driftwood consists of 24 two-bedroom, two-bath spacious apartment homes that average 970 square feet plus patio/balcony and feature high-end flooring and appliances with modern details throughout. Apartment homes include stainless-steel appliances, quartz countertops, modern slab thermofoil cabinetry, gas stoves and in-unit washer/dryers. Located in the Crown Point neighborhood, residents are just a short walk or bike ride away from the beach, bay and numerous water activities.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92109
  • Age: 27
  • Stories: 2 Story
  • Units: 24 units
  • Lot Size: 1.04 acres
  • Zoning: C
  • # Units w/Dishwashers: 24
  • # of Baths (1): 2
  • # of Bedrooms (1): 2
  • # of Buildings: 4
  • # of Stories: 2
  • # of Units (1): 24
  • # of Units w/Disposals: 24
  • # of Units w/Ranges: 24
  • # of Units w/Refrigerator: 24
  • Actual Gross Schd Income: 913248
  • Actual Operating Expense: 280000
  • Amenities: BBQ
  • Construction: Frame, Stucco
  • Floor Covering: Vinyl
  • Floors: Wood
  • Heating: Central Forced Air Gas
  • Laundry: Owned
  • Listing Area: PACIFIC BEACH (92109)
  • Lot Dimensions: 575
  • Lot Size Area: .75 through 1.5 Acres
  • Lot SqFt: 45302
  • Parking: Spaces, 54-Car
  • Roof: Tile
  • Siding: Cable Available, Fully Landscaped
  • SqFt Source: Owner
  • SqFt of Improvement: 23268
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Tenant Pays Water: Yes
  • Unit Type: Apartment
Courtesy of Tyler Sinks, Broker

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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