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Property Description

We are pleased to exclusively present for sale 5018 Saratoga Avenue, an extremely well-maintained 6-unit apartment investment opportunity a little over a block to the beach. Composed of a desirable mix of four 2-bedroom /1-bath units (approximately 800sf) and two 1-bedroom / 1-bath units (approximately 450sf), this 2-building apartment community rests on a 6,913 square foot lot primed and ready for the construction of additional units. In recent years windows have been replaced with dual pane, all rear subpanels have been replaced, gfci plugs added throughout, interiors have been partially upgraded, landscaping has been updated, and roof replaced. There are nine off-street parking spaces, six storage lockers and flexibility in future property operations as tenants are on month-to-month rental agreements. 5018 Saratoga Avenue enjoys one of the highest demand rental markets in San Diego, making this property appealing to potential renters and buyers. Only three multifamily properties 5 units and above have traded in the Ocean Beach sub-market since January, making this a rare, highly desirable investment. Ocean Beach offers an array of entertainment with shops, restaurants, beaches and attractions all within walking distance. Ocean Beach is one of the closest beach communities to Downtown San Diego that has recently begun a visible transformation with new complexes, residences and stores flourishing across the neighborhood. This property is an excellent investment for the investor seeking an extremely well-located legacy property with significant rental upside in a high barriers-to-entry market.

Features
: Wall Furnace
Additional Information
Marcus & Millichap
0
SAND-680533
SAND-62951
Conor
4481013900

Commercial Sale For Sale

5018 Saratoga Ave, San Diego, California 92107

$3,495,000
Listing ID #240020228SD
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240020228SD
Price : $3,495,000
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92107
ModificationTimestamp : 2024-08-26 21:39:54
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