2295 Grand Ave, San Diego, CA 92109
Offer Price:
$4,650,000
Cap Rate:
2.62%
Price/SF:
$1,285.44
Price/Unit:
$387,500
Gross Building Area:
5,900 SF
Lot Size:
10,003 SF
Status:
Active
Submarket:
Coastal, Central
Property Type:
Apartments
Strategy:
Core
We are thrilled to present a lucrative value-add investment opportunity in the heart of Pacific Beach, San Diego. This 12-unit apartment building, with a unit mix of four studios and eight one-bedrooms, offers investors the chance to enhance property value through strategic improvements and capitalize on the high-demand rental market in this coveted coastal community.
Strategic Location: Positioned in the heart of Pacific Beach, the property benefits from proximity to the beach, popular dining destinations, and vibrant entertainment options, ensuring sustained tenant demand.
Value-Add Potential: Investors can unlock additional value by implementing targeted renovations and upgrades to enhance the overall appeal of the property, attracting higher-paying tenants and maximizing rental income.
Investment Opportunity: With the potential for increased rental income and property appreciation, this value-added opportunity positions investors for long-term financial success in one of San Diego’s most sought-after neighborhoods.
Renovation Flexibility: The property’s current condition allows for flexible renovation strategies, catering to both cosmetic updates and more extensive improvements based on investor goals and budget.
Listed By:
Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094