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For Sale

1707 Chalcedony St

1707 Chalcedony St, Pacific Beach, CA 92109

$7,995,000
Perfect portfolio addition! Ownership is now in the 3rd generation of the same family, so here is your opportunity to acquire a VERY rare offering in North Pacific Beach! Priced well below estate appraisals for immediate sale, these two 16-unit buildings are available on the same block with just one property separating. They are being offered individually or as a pair for the perfect 32-unit acquisition. Excellent unit mix along with great onsite parking. The properties have been professionally managed for a very long time, including highly involved onsite managers. The vast majority of the units have been remodeled and project a current coastal tenant living expectation. Each has an onsite laundry facility, as well as video surveillance. The properties are uniquely set in a multifamily to single family transition neighborhood area, so the overall location feel is far superior to many PB offerings. The asset definitely has "value add" options for future income growth. This property exudes a pride of ownership location and a "Legacy" label, considering the long-term ownership history is clearly appropriate. Excellent documented history for income and expenses, including invested capital and maintenance costs, is available through the well-respected property management firm for the future owner. Call for additional details!

3
beds

11,170 Sq.Ft. LIVING AREA

0.3 Acres lot

Features & Amenities

Interior

  • total bedrooms3
  • Laundry room Leased
  • Flooring Other

Area & Lot

  • Status For Sale
  • Living Area11,170 Sq.Ft.
  • Lot Area0.3 Acres
  • MLS® ID240009994
  • TypeCommercial
  • NeighborhoodPacific Beach

Exterior

  • STORIES2
  • roofOther
  • parkingSpaces
  • HEAT TYPERadiant
  • AIR CONDITIONINGNone

Financial

  • Sales Price$7,995,000
  • Real Estate Tax $80,661/yr
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Thank you for your interest in 1707 Chalcedony St, Pacific Beach, CA 92109. We are reviewing your request and will be in touch shortly!

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Before delving into real estate, Carol was a partner in a high-profile commercial/advertising photography studio in San Diego, collaborating with visiting dignitaries and elite corporations.

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