1746 Oliver Avenue, Pacific Beach/Mission Beach, CA 92109

$4,595,000
List Price
$4,595,000
Days on Market
5
Status
ACTIVE
MLS#
240010733
City
Pacific Beach/Mission Beach
Property Type
Multifamily

Property Description

We are pleased to present for sale the recently renovated trophy asset, Oliver Village. Located in Crown Point within Pacific Beach, Oliver Village boasts an unrivaled unit mix of 4, 2-bedroom townhomes and a standalone 3-bedroom house. Units average 1,155 square feet and boast rents just under $4,500 per unit. Oliver Village was fully renovated with modern touches in 2022 – all units feature stainless steel appliances, hard surface flooring, completely renovated bathrooms, upgraded countertops, modern finishes, and an upgraded paint scheme. No expense was spared upgrading the property with all new dry scape landscaping, new gates, new turf for the private patios and backyards, new awnings, new AT&T fiber optic cable, all new lighting, and a full paint job. This one-of-a-kind property offers a new owner the ability to own a trophy community in one of San Diego’s most desirable submarkets that offers tenants an unbeatable locale. Fully stabilized, a new owner can enjoy above market cashflow on day one of their ownership, within one of the steadiest and most robust coastal rental markets in all of San Diego. A savvy new owner may be able to split the 3-bedroom house into 2 separate units within ADU laws while capturing the space from the attached 1-car garage, offering further upside.

Additional Information

Style
Com-Res Income

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Erik M Anderson (858-395-6935) from Listing Office: NorthMarq Multifamily.

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