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Multifamily

2931 Mission Blvd

2931 Mission Blvd, San Diego, CA 92109

Listing Price: $3,900,000

Cap Rate
2.29%
Number of Units
8
Occupancy
97.0%
Price/Unit
$487,500
Price/Gross SF
$1,254.83
Gross SF
3,108

Investment Overview

Marcus & Millichap is pleased to present 2931 Mission Boulevard, San Diego, CA 92109 in South Mission Beach. The property is comprised of four 1-Bed / 1-Bath & four Studio / 1-Bath units. The offering has been well-maintained and renovated throughout the duration of ownership. Newer roof, water heater, new fence, and dual pane windows. Mission Bay sits on the edge of San Diego with a 4,600-acre Aquatic Park in the middle. Tenants enjoy a beach property only steps to Mission Beach and Mission Bay with over 26 miles of waters-edge pathways. Belmont Park provides many shops and restaurants, amusement rides, rock climbing, gym & pool access, and arcade games. Delivery of 2931 Mission Blvd. is contingent on the simultaneous close of 2216-20 Dunlop St. San Diego, CA 92111. Offers Due November 25th, 2022

Investment Highlights

  • Rare Opportunity to Own a South Mission Beach Complex Only Steps to the Beach
  • The Majority Of Units Have Been Partially Renovated (6 of 8)
  • Unit Mix of 4x 1-Bed / 1-Bath & 4x Studio / 1-Bath
  • Private Side-Yard for Tenants to Enjoy
  • Major Electrical and Plumbing Upgrades Completed, New 100 Gallon Water Heater, Roof Replaced 5 Years Ago, Dual Pane Windows, and New Fence Installed
  • Opportunity to Continue Operating Units As Long Term Rentals or Convert Them to Vacation Rentals

Exclusively Listed By

Financing By

Multifamily

2931 Mission Blvd

Listing Price: $3,900,000

Cap Rate
2.29%
Number of Units
8
Occupancy
97.0%
Price/Unit
$487,500
Price/Gross SF
$1,254.83
Gross SF
3,108

Investment Highlights

  • Rare Opportunity to Own a South Mission Beach Complex Only Steps to the Beach
  • The Majority Of Units Have Been Partially Renovated (6 of 8)
  • Unit Mix of 4x 1-Bed / 1-Bath & 4x Studio / 1-Bath
  • Private Side-Yard for Tenants to Enjoy
  • Major Electrical and Plumbing Upgrades Completed, New 100 Gallon Water Heater, Roof Replaced 5 Years Ago, Dual Pane Windows, and New Fence Installed
  • Opportunity to Continue Operating Units As Long Term Rentals or Convert Them to Vacation Rentals

Investment Overview

Marcus & Millichap is pleased to present 2931 Mission Boulevard, San Diego, CA 92109 in South Mission Beach. The property is comprised of four 1-Bed / 1-Bath & four Studio / 1-Bath units. The offering has been well-maintained and renovated throughout the duration of ownership. Newer roof, water heater, new fence, and dual pane windows. Mission Bay sits on the edge of San Diego with a 4,600-acre Aquatic Park in the middle. Tenants enjoy a beach property only steps to Mission Beach and Mission Bay with over 26 miles of waters-edge pathways. Belmont Park provides many shops and restaurants, amusement rides, rock climbing, gym & pool access, and arcade games. Delivery of 2931 Mission Blvd. is contingent on the simultaneous close of 2216-20 Dunlop St. San Diego, CA 92111. Offers Due November 25th, 2022

Exclusively Listed By

Financing By

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