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Brian Aarestad, Sales Associate
FOR SALE
$8,750,000
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1707 Chalcedony St
San Diego, CA 92109

Mixed Use, Business Opportunities
Residence
0.2962
Lot Size
Listing Agent: Ken Pecus CalDRE: 01056969 - eXp Realty of California, Inc

Description for 1707 Chalcedony St San Diego, CA 92109

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!

Property Details

240009994SD
Mixed Use, Business Opportunities, Other
San Diego
0.2962 Acres
Stone,Stucco
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Listing Agent: Ken Pecus CalDRE: 01056969 - eXp Realty of California, Inc
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com

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