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