5071-77 Del Monte Ave, San Diego, CA, 92107
Sold Price:
$3,400,000
Cap Rate:
2.45%
Price/SF:
$708.92
Price/Unit:
$680,000
Gross Building Area:
4,796 SF
Close of Escrow:
1/7/2021
Status:
Closed
Submarket:
Coastal
Property Type:
Apartments
Strategy:
Value Add
INVESTMENT SUMMARY
5071-77 Del Monte Ave is a unique five-unit property built originally as seven units, is located oceanfront in the beautiful community of Ocean Beach, San Diego. The building is set on a 7,088 square foot lot and has 6,370 gross square feet, five garages, a laundry room, and private deck patios.
The units benefit from spectacular panoramic views of coastline, beach, and ocean, large living spaces, washer and dryer on-site, attached garages, and beach access.
5071-77 Del Monte Avenue sits less than half a mile from the Ocean Beach Pier. Other nearby attractions include Niagara Avenue Beach, Sunset Cliffs Natural Park, Cabrillo National Monument, Point Loma Light-house, Santa Monica Avenue Beach, and Saratoga Avenue. Additionally, Ocean Beach has countless casual bars & cafés, trendy hotel restaurants, and clothing boutiques.
Listed By:
Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237