$ 4,850,000
5033 Voltaire Street San Diego, CA 92107
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$ 4,850,000
Est. payment | /mo
6,329 Sqft Lot
$ 4,850,000
Est. payment | /mo
6,329 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240014530SD
HOA Y/N No
Lot Size 6,329 Sqft
Property Description
We are pleased to present for sale 5033 Voltaire Street, a 12-unit apartment complex in Ocean Beach, San Diego. Resting just two blocks from the ocean, this 1952-construction complex features all studio /1- bath units with new kitchens, granite countertops, and a combination of white and stainless-steel appliances. Unit rents have not been pushed to market and have a lot of room without further upgrades but see substantial rent raises through a higher tier renovation. With two long, bungalow style structures on a 6,329 SF lot, this apartment complex has a private courtyard for residents accessible through secure gated entry. Two off-street parking spaces rest at the rear of the property and there is on-site leased laundry for tenants. Ocean Beach offers an array of entertainment with shops, restaurants, beaches and attractions all within walking distance. This property is only two blocks from the beach resting in one of the highest demand rental markets in San Diego, making this property appealing to potential renters or future buyers. Ocean Beach is one of the closest beach communities to Downtown San Diego that has recently begun a visible transformation with new complexes, residences and stores flourishing across the neighborhood. This property is an excellent investment for the investor seeking a legacy asset in great condition with plenty of upside through further renovations. The investment gives the opportunity to an investor to own an asset in a supply constrained market allowing for long term appreciation.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 2
Others
Tax ID 4481213600
Listed by Conor Brennan • Marcus & Millichap
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Mitch Stein
Partner | Lic# DRE# 02081632