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1411-1413 Oliver Avenue
Coastal South San Diego 92109

$2,615,000
2-4 Units built: 1975

Main Photo: PACIFIC BEACH Property for sale: 1411-1413 Oliver Avenue in San Diego
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Status:
Sold
Sold Date:
Nov 22, 2021
Listed Price:
$2,615,000
Sold Price:
$2,615,000
Sold in:
39 days
Prop. Type:
2-4 Units
MLS® Num:
210028804
Year Built:
1975
PRICE REDUCED...Great 1031 Opportunity! Sitting on one of Pacific Beach's premium streets, this rare setup lends itself as one of 2 options: a great primary residence with income-earning opportunities OR a full time 4-unit rental. Charming detached front house offers gorgeous wood beams, warm wood flooring, updated kitchen with stunning La Cornue oven with gas range, updated bathrooms with guest bath offering claw footed tub, open and airy floor plan that offers many access points to the outdoors. Sit on the front patio to relax or play around on the front yard's putting green! Step out back to the intimate courtyard that offers a custom fireplace and cooking area - perfect for small gatherings. See supplement...
Lot Size:
4,000-7,499 SF
Number of Buildings:
3
Number of Units:
4
Year Built:
1975
Stories:
2 Story
Total Stories:
2
Market Area:
Coastal South
Community:
PACIFIC BEACH
County:
San Diego
Neighborhood Code:
Pacific Beach
Name of Complex/Subdivision:
na
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
N/K
Projected net operating income:
91515
Other income:
0
Annual expense actual:
6451
Projected annual expense:
42885
Cap Rate.:
2.7
Projected Cap Rate.:
3.27
Gross Rent Multiplier:
34.3
Projected Gross Rent Multiplier:
20.82
Gross scheduled income:
81600
Projected gross scheduled income:
134400
Finished Area for Unit 1:
1,700 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
0.0
Projected Rent for Unit 1:
5500.0
Total Garage Spaces for Unit 1:
2
Garage for Unit 1:
Detached
Parking for Unit 1:
None Known
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
2
Finished Area for Unit 2:
650 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
2000.0
Projected Rent for Unit 2:
2400.0
Total Garage Spaces for Unit 2:
0
Garage for Unit 2:
N/K
Parking for Unit 2:
Assigned
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
No
Unit Number for Unit 3:
3
Finished Area for Unit 3:
360 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
1700.0
Total Rent for Unit 3:
1700.0
Projected Rent for Unit 3:
1700.0
Total Garage Spaces for Unit 3:
0
Garage for Unit 3:
N/K
Parking for Unit 3:
Assigned
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
No
Unit Number for Unit 4:
4
Finished Area for Unit 4:
350 sq. ft.
Bedrooms for Unit 4:
0
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
1300.0
Total Rent for Unit 4:
1300.0
Projected Rent for Unit 4:
1600.0
Total Garage Spaces for Unit 4:
0
Garage for Unit 4:
N/K
Parking for Unit 4:
Assigned
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
No
1 bdrm unit is currently a successful Airbnb that has been easily booked with high ratings from past guests. That unit offers a private front patio that guests can enjoy. 2 bedroom unit is leased until February 1, and is upgraded allowing for the opportunity to get higher rent in the future. The studio is also upgraded, and tenant may want to stay beyond lease that ends February 1. Each unit offers 1 parking space. May be easy to add laundry to garage as there is accessible water and electricity.
Ingraham
Site Influences:
Alley Access
Exposure Front:
N/K
Exterior Features:
Stucco
View:
None
Cooling:
Central Forced Air, Wall/Window
Heating:
Fireplace, Forced Air Unit, Wall/Gravity
Heating fuel:
Natural Gas
Irrigation:
N/K
Number of Units with Cooling:
4
Number of Units with Dishwashers:
1
Number of Units with Dryers:
1
Number of Units with Fireplaces:
1
Number of Furnished Units:
2
Number of Units with Garages:
1
Number of Units with Patios:
2
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
1
Pool:
N/K
Pool Heat:
None Known
Spa:
N/K
Spa Heat:
None Known
Roof:
Composition
Sewer Septic:
Sewer Connected
Telecommunications:
N/K
Water Heater Type:
Gas
Water supply:
Meter on Property
Security:
N/K
Fencing:
Full, Gate
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional
Parcel Number:
423-282-02-00
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Listed by Compass
Data was last updated December 5, 2021 at 07:10 AM (UTC)
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