Active

1707 Chalcedony St

Pacific Beach CA, 92109

$8,750,000


$783.35 per sqft

Active

3 Beds

11,170 sqft

Commercial

Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!

240009994

MLS ID

May 7, 2024

Listed

July 13, 2024

Updated

Map

1707 Chalcedony St
Pacific Beach CA, 92109

Interior Features

Total Stories

2


Bedrooms

3


Laundry Description

Leased


Floor Description

Other


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Radiant

Exterior/Building Features

Lot Size

0.3 Acres


Roof

Other

Other Property Details

Area Name

Coastal South


Taxes

$16,384


Tax Frequency

Annually


Days on Market

23


Garage

No


Parking

Spaces


Parking Total

16


View

No


County

San Diego


Pool

No

Listed by eXp Realty of California, Inc, Ken Pecus,
Listing Contact: 619-675-0123 

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