28
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$2,699,000
Est. payment /mo
5,133 Sqft Lot
New
806 Manhattan Ct Pacific Beach (san Diego), CA 92109
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2606902
Lot Size 5,133 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit c
Location
State CA
County San Diego
Direction IPHONEIT
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4236170600
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Carlos Rodrigues Rodrigues, DRE#01424826 Berkshire Hathaway HomeService
NEARBY SCHOOL & BUSINESS
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