Joe McLaughlin / Broker Associate

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Main Photo: PACIFIC BEACH Property for sale: 925-931 Opal Street in San Diego
Photo 1: PACIFIC BEACH Property for sale: 925-931 Opal Street in San Diego
Photo 2: PACIFIC BEACH Property for sale: 925-931 Opal Street in San Diego
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
190028121
Year Built:
1950
Terrific opportunity to own a charming, original Pacific Beach fourplex in the best location in North Pacific Beach! The two buildings consist of 4 one bedroom, one bath units and sit on a prime corner lot. Two blocks to the ocean and very walkable to all dining, coffee shops, boutiques on Cass street. One unit has an updated interior. The other three interiors are in original yet maintained condition. Huge upside on this opportunity as rents are well below current market value.
Total Floor Area:
3,539 sq. ft.
Lot Size:
1-3,999 SF
Number of Buildings:
2
Number of Units:
4
Year Built:
1950
Stories:
1 Story
Total Stories:
1
Market Area:
Coastal South
Community:
PACIFIC BEACH
County:
San Diego
Neighborhood Code:
North Pacific Beach
Name of Complex/Subdivision:
925-931 Opal
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Cable TV, Electricity, Gas/Propane
Other income:
0
Annual expense actual:
0
Cap Rate.:
2.6
Projected Cap Rate.:
3.5
Gross Rent Multiplier:
26.7
Projected Gross Rent Multiplier:
20.5
Gross scheduled income:
59040
Projected gross scheduled income:
76800
Unit Number for Unit 1:
925
Finished Area for Unit 1:
500 sq. ft.
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
1600.0
Projected Rent for Unit 1:
1600.0
Garage for Unit 1:
N/K
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
927
Finished Area for Unit 2:
500 sq. ft.
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
900.0
Projected Rent for Unit 2:
1600.0
Garage for Unit 2:
N/K
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Yes
Unit Number for Unit 3:
929
Finished Area for Unit 3:
500 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
0.0
Total Rent for Unit 3:
1200.0
Projected Rent for Unit 3:
1600.0
Garage for Unit 3:
N/K
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Yes
Unit Number for Unit 4:
931
Finished Area for Unit 4:
500 sq. ft.
Bedrooms for Unit 4:
1
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
0.0
Total Rent for Unit 4:
1220.0
Projected Rent for Unit 4:
1600.0
Garage for Unit 4:
N/K
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
Yes
Bayard
Site Influences:
Corner Lot
Complex Features:
Recreation Area
Exterior Features:
Stucco
Cooling:
None
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
4
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Composition
Sewer Septic:
Sewer Connected
Security:
N/K
Fencing:
Partial
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional
Parcel Number:
415-332-01-00
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Larger map options:
Data was last updated July 23, 2019 at 07:45 PM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$1,750,000
Min list price:
$795,000
Max list price:
$5,795,000
Avg days on market:
61
Min days on market:
5
Max days on market:
512
Avg price per sq.ft.:
$314.69
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations.