Del Rey Apartments

16 Unit Apartment Building | $6,700,000 ($418,750/Unit) | 4.29% Cap Rate | San Diego, CA 92109

Asking Price $6,700,000

Property Type: Multifamily
Square Feet: 9,048 SF

Listing Contacts

Gary Urtiaga

Verified Profile

Property Info

Property Overview

The "Del Rey Bay Apartments” is a unique opportunity to acquire a 16-unit multifamily complex in Pacific Beach. Constructed in 1965 and extensively renovated in 2019, this property has 9,048 SF of net rentable area on a 12,497 SF lot. The subject property consists of two (2) 2Bed/1Bath & fourteen (14) 1Bed/1Bath units. This turnkey investment offers a shared courtyard, sixteen (16) off-street parking spaces, storage units and laundry facility. All units are modernized with updated bathrooms & kitchens, dual-paned windows, stainless steel appliances, quartz countertops and air conditioning. This unique location is near shopping, restaurants, nightlife, beaches, Mission Bay, the Balboa Ave. Trolley Station and transportation corridors. A new owner can utilize the property's location to maximize rental income by implementing student housing, corporate rentals or travel nurse tenants.
** Drive by Only, Please Do Not Walk on Property or Disturb Tenants

Property Details

Class: C
Year Built/Renovated: 1965/2019
Stories: 2
Lot Size (sq. ft): 12,632 SF
Units: 16

Highlights

Extensive Exterior & Interior Renovations performed in 2019
All Units have Modernized Kitchens & Bathrooms, Stainless Steel Appliances, Quartz Countertops, Air Conditioning & Dual Paned Windows
Ample Off-Street Parking
Owned On-Site Laundry (Upgraded in 2024) & Storage Units
Located near Balboa Ave. Trolley Station, Shopping, Restaurants Nightlife, Bay & Beaches

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$6,700,000

Rare Tarzana Offering | Seismic Completed

30 Unit Apartment Building | $6,700,000 ($223,333/Unit) | 4.04% Cap Rate | Tarzana, CA 91335

6225 Reseda Blvd
Tarzana, CA 91335

View Details
$6,700,000

45,093 SF | Office Building | Rochester, NY 14614 | $6,700,000 ($149/SF)

61 Commercial St
Rochester, NY 14614

View Details
$6,700,000

University District 2 Acre Redevelopment Site

42,098 SF | 100% Leased | Office Building | Spokane, WA 99202 | $6,700,000 ($159/SF) | 5.31% Cap Rate

112 1St Ave
Spokane, WA 99202

View Details
$6,700,000

74,400 SF Specialty Building Offered at $6,700,000 at a 7% Cap Rate in Portland, OR 97230

19609 Marine Dr
Portland, OR 97230

View Details
$6,700,000

50,747 SF | 100% Leased | Retail Building | Gainesville, FL 32641 | $6,700,000 ($132/SF)

2286-2308 Hawthorne Rd
Gainesville, FL 32641

View Details
$6,700,000

Harvest Pointe Townhomes

20 Unit Apartment Building | $6,700,000 ($335,000/Unit) | 5.55% Cap Rate | Washington Terrace, UT 84405

4999 Harvest Pointe Dr
Washington Terrace, UT 84405

View Details
$6,700,000

Cosmeplast Centre

22,925 SF | Office Building | Coral Springs, FL 33071 | $6,700,000 ($292/SF)

1505 University Dr
Coral Springs, FL 33071

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].