Address
4840 Santa Monica Avenue San Diego, CA
Price
$ 9,100,000
Property Attributes
  • MLS#210015740
  • TypePending
  • CountySAN DIEGO
  • CitySan Diego
  • AreaCoastal South
  • NeighborhoodCoastal South
  • Zip92107
  • Style
  • Price$ 9,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15896
  • Lot Size0.41 Acres
Listing Provided Courtesy Of:
Acre Investment Real Estate
Data Source:
San Diego Regional MLS (SDMLS) - 32 - CA
Property Description

We are pleased to offer the Villa Del Monica Apartments (the “Property”), located in the highly desired beach community of Ocean Beach, California. The offering presents real estate investors with the rare opportunity to acquire a large, 25 unit, value add real estate asset just two blocks from the beach, along with the potential to increase the current below-market rents. The Property consists of a low maintenance landscaped setting, with a charming interior courtyard, spread out on a large lot totaling 17,914 sq. ft. Originally constructed in 1971, the Property has been well-maintained by the current ownership. Villa Del Monica Apartments consists of 25 units comprised of - one (1) retail space (which has the ability to be turned into a large one-bedroom unit), four (4) studios, twelve (12) one-bedroom / one bathroom, one (1) two-bedroom / one bathroom, one (1) two-bedroom / one and a half bathroom, and six (6) two-bedroom / two-bathroom units. The Property provides tenants with off-street parking (26 parking spaces), laundry facilities, and one of the units includes a balcony. Three-quarter of the units have been lightly upgraded with countertops and cabinets in both the kitchens and bathrooms and flooring throughout. With a Walk Score of 90 ("Walker's Paradise), tenants enjoy being so close to the beach, restaurants, bars, coffee shops, and retail, along with the community feel of the Property.

Price History
6/9/2021 Listed $9,100,000

General Features

Construction Stucco
Parking Spaces
Sale/rent For Sale
Total Units 25

Exterior Features

Number of Buildings 1
Total Parking 26

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 92107

Price
AVG $1.62M
$9.1M
Visits
AVG 112
133

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