Joe McLaughlin / Broker Associate

My Office Listings

2813-23 Mission Blvd
Coastal South San Diego 92109

$1,800,000 /300000.0
Com-Res Income 2,763 sq. ft.

Main Photo: Property for sale: 2813-23 Mission Blvd in San Diego
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
200031557
Location, Income, Upside... South Mission Beach. LOCATION: Highly desirable coastal area income property. No vacancies, lots of parking (8 spaces). Beach & Bay 1/2 block away. Markets, pubs, entertainment are walkable. INCOME: Area has pivoted to more second homes/short term rentals, so long term rentals have become more scarce, rents continue to climb, and vacancies reduce. Most of the units have been upgraded over time. UPSIDE: Value can be added by creating side yard patios for lower units. Two parking spaces can be converted to court-side patio for tenants grilling, entertaining and relaxing. Interiors can be further remodeled to increase rents. This lot is over 300sf above standard. Allowing for over 3,000 sf, 3 story, duplex construction with water views if/when replacement is desired. Very few commercial income properties in this area. See video link for area overview.
Rental Amount:
6950
Price Per Unit:
300000.0
Total Floor Area:
2,763 sq. ft.
Lot Details:
79x35
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
1
Number of Units:
6
Stories:
2 Story
Num Stories:
2
Cap Rate.:
3.7
Gross Multiplier:
19.7
Gross scheduled income:
91380.0
Other income source:
utilities
Operating expense:
29630
Projected management expense:
0
Gross equity:
1260000
Motive / Want:
sell
Financial Information Source:
Owner
Mission south to Cohassett Ct.
Listing Type:
Exclusive Right (R)
Special:
None
Parking:
Spaces
Number of Carports:
0
Total Parking Spaces:
8
Cooling:
None
Heating:
Wall/Gravity
Construction Material:
Lath/Plaster, Stucco
Roof:
Composition
Floor finish:
Hardwood, Other/Remarks, Vinyl, Wall to Wall Carpet
Number of Units with Dishwashers:
0
Number of Units with Garages:
0
Number of Units with Range/Oven:
6
Number of Units with Refrigerators:
6
Number of Leased Appartments:
6
Zoning:
MB-RS
Parcel Number:
423-731-01-00
Number of Units in Unit 1:
2813
Unit 1 Furnished:
0
Total Rent for Unit 1:
1200.0
Bedrooms for Unit 1:
0
Bathroom 1:
1.0
Number of Units in Unit 2:
2815
Unit 2 Furnished:
0
Total Rent for Unit 2:
1200.0
Bedrooms for Unit 2:
0
Bathroom 2:
1.0
Number of Units in Unit 3:
2817
Unit 3 Furnished:
0
Total Rent for Unit 3:
1150.0
Bedrooms for Unit 3:
0
Bathroom 3:
1.0
Number of Units in Unit 4:
2819
Unit 4 Furnished:
0
Total Rent for Unit 4:
1100.0
Bedrooms for Unit 4:
0
Bathroom 4:
1.0
Number of Units in Unit 5:
2821
Unit 5 Furnished:
0
Total Rent for Unit 5:
1150.0
Bedrooms for Unit 5:
0
Bathroom 5:
1.0
Number of Units in Unit 6:
2823
Unit 6 Furnished:
0
Total Rent for Unit 6:
1150.0
Bedrooms for Unit 6:
0
Bathroom 6:
1.0
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Virtual Tour

Larger map options:
Data was last updated August 3, 2020 at 01:10 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$2,775,000
Min list price:
$545,000
Max list price:
$17,250,000
Avg days on market:
119
Min days on market:
5
Max days on market:
443
Avg price per sq.ft.:
$499.56
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations.