Pending

2165 Oceanview Blvd

San Diego CA, 92113

$6,250,000


Pending

Commercial

Listed by Josh Browar with The Browar Group 858-414-4398

CASH FLOW! CASH FLOW! CASH FLOW! Located at the corner of Oceanview Blvd and Sampson Street in San Diego, California (2165-2193.5 Oceanview Blvd & 414-420 Sampson Street), this investment opportunity offers a unique and dynamic property composition. The property comprises eight separate structures, featuring a diverse unit mix including retail spaces, residential houses, apartments, and studios. With a strategic location in the vibrant Barrio Logan neighborhood, this property presents an enticing investment prospect in one of San Diego's progressive submarkets. The property has undergone significant capital improvements in recent years, enhancing its overall value and appeal. These improvements include but are not limited to new roofing, fencing throughout the premises, and modern security systems, ensuring the longevity and security of the investment. There exists substantial rental upside potential through cosmetic modernization of the units and proactive management strategies. With some strategic upgrades and management initiatives, investors have the opportunity to increase rental income and overall property value significantly. There is an EXTREMELY attractive assumable Freddie Mac loan in place with a loan balance of $3,216,000. The loan has an Interest-only rate of 3.44% through 2031.

240005915SD

MLS ID

March 19, 2024

Listed

October 17, 2024

Updated

Map

2165 Oceanview Blvd
San Diego CA, 92113

Other Property Details

Area Name

92113 - Logan Heights


Days on Market

121


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No

Listing History

Date

Event

Price

9/9/2024

Pending

8/19/2024

Price change

$6,250,000

-99%

8/19/2024

Price change

$625,000,000

9665%

5/28/2024

Active

4/8/2024

Pending

Listing Contact: 858-414-4398 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 9:52 AM UTC

 

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