Overview

  • Com-Res Income
  • Property Type
  • 3
  • Bedrooms
  • 21010
  • Sq Ft

Description

SECOND PRICE REDUCTION: The Pacifica Apartments is a well-located asset with a desirable unit mix in a turn-key condition. Originally constructed in 1962, the property’s interior and exterior has been continuously improved. A future investor can immediately increase rents to market rents and take advantage of the continued broader regional market growth. Alternatively, an investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. Recent updates to the City of San Diego’s development regulations, provides a unique redevelopment opportunity. The property is located in the Complete Communities Area, which would allow a developer to exceed height and density limits of the base zone. Located in the charming Golden Hill neighborhood and surrounding communities of Downtown and South Park, the area is a perfect balance of urban activity and quiet neighborhood charm. Residents are walking distance to restaurants, bars, coffee shops and retail. Proximate to several freeways including I-5, I-15 and the 94 Freeway.

  • Address B
  • City San Diego
  • State/county San Diego
  • Zip/Postal Code 92102

Details

Updated on February 2, 2023 at 11:51 pm
  • Price: $11,000,000
  • Property Size: 21010 Sq Ft
  • Bedrooms: 3
  • Property Type: Com-Res Income
  • Property Status: Residential Income Additional

Additional details

  • Cooling: Wall/Window Unit(s)
  • Status: ACTIVE
  • ParkingTotal: 23
  • Stories: 2
  • OperatingExpense: 267083
  • Internet Address Display YN: 1
  • Days On Market: 29
  • Parking Features: Spaces
  • Cap Rate: 3.32
  • Buyer Agency Compensation: 1.0
  • Internet Automated Valuation Display YN: 1
  • NumberOfUnitsTotal: 32

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