4825-4853 Orchard Ave, San Diego, CA 92107
8 Unit Apartment Building | $5,400,000 ($675,000/Unit) | 3.34% Cap Rate | San Diego, CA 92107
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,400,000
- Property Type
-
Multifamily
- Square Feet
- 5,408 SF
Listing Contacts
Cole Silverman
Verified Profile
Carson Trujillo
Verified Profile
- Property Info
Property Overview
The Trujillo Group of Marcus & Millichap is pleased to present for sale an 8-unit value add apartment complex in the Ocean Beach Neighborhood of San Diego. Constructed in 1947, this property rests on a large 13,612 SF lot and offers 5,408 rentable SF.
4825 Orchard Ave is situated 1 block from the Pacific Ocean and is comprised of an extremely desirable unit mix of (8) two bedroom/one bathroom units. Tenants enjoy the opportunity to walk along the ocean, easy accessibility to Point Loma, and are less than a 15-minute walk away from highly rated attractions along Newport Avenue. There have been a variety of upgrades done to select units, including stainless steel appliances, vinyl plank flooring, and granite countertops.
Ocean Beach is one of San Diego’s most desirable rental markets that continues to attract high quality and reliable tenants. Well located, this property is steps away from the ocean and situated near restaurants, retail, and night life. This asset offers a rare opportunity to acquire a coastal asset with lots of upside in one of San Diego’s most desirable markets.
4825 Orchard Ave is situated 1 block from the Pacific Ocean and is comprised of an extremely desirable unit mix of (8) two bedroom/one bathroom units. Tenants enjoy the opportunity to walk along the ocean, easy accessibility to Point Loma, and are less than a 15-minute walk away from highly rated attractions along Newport Avenue. There have been a variety of upgrades done to select units, including stainless steel appliances, vinyl plank flooring, and granite countertops.
Ocean Beach is one of San Diego’s most desirable rental markets that continues to attract high quality and reliable tenants. Well located, this property is steps away from the ocean and situated near restaurants, retail, and night life. This asset offers a rare opportunity to acquire a coastal asset with lots of upside in one of San Diego’s most desirable markets.
Property Details
- Class
- C
- Year Built
- 1947
- Stories
- 2
- Lot Size (sq. ft)
- 13,504 SF
- Units
- 8
Highlights
- 1 Block to the Pacific Ocean
- ADU Development Potential
- Off-Street Parking - 8 Single-Car Garages
- Desirable Unit Mix - All 2-Bedrooms
- Value-Add Asset with Market Rents
- High Demand Rental Market
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