Multifamily
930 Felspar St
930 Felspar St, San Diego, CA 92109
Listing Price: $13,000,000
Investment Overview
Zorbas, Huffman, and Partners of Marcus & Millichap is pleased to present the “The Grand Apartments,” a twenty-four (24) unit property located just off the coast of Pacific Beach, San Diego. Located at 930 Felspar St, the subject property is situated on a 14,077 square foot lot and is comprised of eight (8) studio units and sixteen (16) one-bedroom/one-bathroom units.
The property was recently remodeled inside and out with luxury finishes and a modern design. The units have all been upgraded with new cabinets, quartz countertops, vinyl plank flooring, stainless appliances, and lighting fixtures. The property’s landscaping, windows, and common areas have also been upgraded.
Pacific Beach is perceived to be among the best multifamily investment neighborhoods in San Diego. Additionally, this property is considered a “walker’s paradise,” boasting a walk score of 93. Residents can enjoy being just a few blocks from the Pacific Ocean and the bustling Garnet and Grand Ave, allowing residents to live an idyllic suburban lifestyle, while being situated a short walk to the beach and a myriad of local shops and restaurants.
This property is an opportunity for an investor to purchase a rare turn-key investment property in a high demand rental submarket. The owner will enjoy the security of having a property that is destined 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.
930 Felspar St
Investment Highlights
- Rare and sizeable asset in a pride of ownership location in highly desirable Pacific Beach
- Turnkey investment opportunity with in-place market rents
- Desirable unit mix of spacious studio and one-bedroom units
- Steps away from the Pacific Ocean and exceptional walkability to countless restaurants, coffee shops, and bars
- Abundant off-street parking for tenants
- Easy connectivity to nearby major employment centers by way of Interstates 5 and 8, and the San Diego Trolley
- Amenities include onsite parking, onsite laundry and community swimming pool
Listing Price: $13,000,000
Investment Highlights
- Rare and sizeable asset in a pride of ownership location in highly desirable Pacific Beach
- Turnkey investment opportunity with in-place market rents
- Desirable unit mix of spacious studio and one-bedroom units
- Steps away from the Pacific Ocean and exceptional walkability to countless restaurants, coffee shops, and bars
- Abundant off-street parking for tenants
- Easy connectivity to nearby major employment centers by way of Interstates 5 and 8, and the San Diego Trolley
- Amenities include onsite parking, onsite laundry and community swimming pool
Investment Overview
Zorbas, Huffman, and Partners of Marcus & Millichap is pleased to present the “The Grand Apartments,” a twenty-four (24) unit property located just off the coast of Pacific Beach, San Diego. Located at 930 Felspar St, the subject property is situated on a 14,077 square foot lot and is comprised of eight (8) studio units and sixteen (16) one-bedroom/one-bathroom units. The property was recently remodeled inside and out with luxury finishes and a modern design. The units have all been upgraded with new cabinets, quartz countertops, vinyl plank flooring, stainless appliances, and lighting fixtures. The property’s landscaping, windows, and common areas have also been upgraded. Pacific Beach is perceived to be among the best multifamily investment neighborhoods in San Diego. Additionally, this property is considered a “walker’s paradise,” boasting a walk score of 93. Residents can enjoy being just a few blocks from the Pacific Ocean and the bustling Garnet and Grand Ave, allowing residents to live an idyllic suburban lifestyle, while being situated a short walk to the beach and a myriad of local shops and restaurants. This property is an opportunity for an investor to purchase a rare turn-key investment property in a high demand rental submarket. The owner will enjoy the security of having a property that is destined 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.
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