Sold

4088 Crown Point Drive

Pacific Beach CA, 92109

$8,700,000


$581.40 per sqft

Sold

3 Beds

14,964 sqft

Commercial

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.

230002968

MLS ID

February 14, 2023

Listed

February 15, 2024

Updated

Map

4088 Crown Point Drive
Pacific Beach CA, 92109

Interior Features

Total Stories

4


Bedrooms

3 Beds


Appliances

Dishwasher, Range, Refrigerator, Disposal


Laundry Description

Leased


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 Acres


Roof

Composition

Other Property Details

Area Name

Coastal South


Days on Market

35


Garage

No


Parking

Carport, Spaces


Parking Total

29


View

No


County

San Diego


Pool

No


Zoning

Commercial


Buyer Agency Compensation

1.25%

Listing History

Date

Event

Price

8/28/2023

Price Change

$8,700,000

-27%

8/28/2023

Sold

$8,700,000

Listed by Marcus & Millichap, Thomas McCartin,
Listing Contact: 858-373-3100 

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