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Multifamily

2720 Figueroa Blvd

2720 Figueroa Blvd, San Diego, CA 92109

Listing Price: $3,100,000

Cap Rate
4.11%
Number of Units
5
Occupancy
100.0%
Price/Unit
$620,000

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap is pleased to present 2720 Figueroa Blvd, a luxury 5-unit apartment complex located in the pride of ownership coastal neighborhood of Pacific Beach, San Diego. Built on 0.11 acres, the 5-unit community features an extremely desirable unit mix entirely of two-bedroom/one-bathroom units and one non-conforming two-bedroom/one bathroom unit. Common areas and landscaping have been meticulously maintained and residents enjoy ample onsite parking with eight (8) off-street parking spaces. Each unit has been recently upgraded with stainless steel appliances, high end laminate plank flooring, ceiling fans in all rooms, quartz counter tops, and tasteful tile surrounds in the bathrooms. Exterior improvements include dual pane windows, upgraded doors, landscaping, paint and a large mural on the western side of the property. Pacific Beach is mostly comprised of high-end single-family homes, condo residences, and luxury apartments. Pacific Beach is perceived to be among the best multifamily investment neighborhoods in San Diego, along with Del Mar, Coronado, and La Jolla. Owners tend to hold onto investments long-term in this prized location, and as a result, multifamily investment opportunities are seldom seen on-market. The subject property is just a few miles from the stunning Southern California shoreline and within walking distance to the bustling Garnet and Grand Avenues. With proximity to the beach and a myriad of local shops, restaurants, and entertainment, residents can fully enjoy the idyllic Southern California lifestyle. This property presents the opportunity for an investor to purchase a turnkey asset in a high demand coastal submarket. The owner will enjoy the security of having a property that is poised to maintain its desirability and increase in value over time. This offering is perfect for a long-term investor seeking a multifamily investment in a premier San Diego location.

Investment Highlights

  • Turnkey coastal investment opportunity with luxury interior and exterior improvements
  • Rare asset in highly desirable Pacific Beach comprised entirely of two-bedroom/one-bathroom units
  • Exceptional walkability to countless restaurants, coffee shops, and bars
  • Abundant off-street parking for tenants
  • Extremely desirable assumable financing available ($1,470,000 loan amount at 3.30%)

Exclusively Listed By

Financing By

Multifamily

2720 Figueroa Blvd

Listing Price: $3,100,000

Cap Rate
4.11%
Number of Units
5
Occupancy
100.0%
Price/Unit
$620,000

Investment Highlights

  • Turnkey coastal investment opportunity with luxury interior and exterior improvements
  • Rare asset in highly desirable Pacific Beach comprised entirely of two-bedroom/one-bathroom units
  • Exceptional walkability to countless restaurants, coffee shops, and bars
  • Abundant off-street parking for tenants
  • Extremely desirable assumable financing available ($1,470,000 loan amount at 3.30%)

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap is pleased to present 2720 Figueroa Blvd, a luxury 5-unit apartment complex located in the pride of ownership coastal neighborhood of Pacific Beach, San Diego. Built on 0.11 acres, the 5-unit community features an extremely desirable unit mix entirely of two-bedroom/one-bathroom units and one non-conforming two-bedroom/one bathroom unit. Common areas and landscaping have been meticulously maintained and residents enjoy ample onsite parking with eight (8) off-street parking spaces. Each unit has been recently upgraded with stainless steel appliances, high end laminate plank flooring, ceiling fans in all rooms, quartz counter tops, and tasteful tile surrounds in the bathrooms. Exterior improvements include dual pane windows, upgraded doors, landscaping, paint and a large mural on the western side of the property. Pacific Beach is mostly comprised of high-end single-family homes, condo residences, and luxury apartments. Pacific Beach is perceived to be among the best multifamily investment neighborhoods in San Diego, along with Del Mar, Coronado, and La Jolla. Owners tend to hold onto investments long-term in this prized location, and as a result, multifamily investment opportunities are seldom seen on-market. The subject property is just a few miles from the stunning Southern California shoreline and within walking distance to the bustling Garnet and Grand Avenues. With proximity to the beach and a myriad of local shops, restaurants, and entertainment, residents can fully enjoy the idyllic Southern California lifestyle. This property presents the opportunity for an investor to purchase a turnkey asset in a high demand coastal submarket. The owner will enjoy the security of having a property that is poised to maintain its desirability and increase in value over time. This offering is perfect for a long-term investor seeking a multifamily investment in a premier San Diego location.

Exclusively Listed By

Financing By

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