Multifamily
2635-39 Magnolia Ave
2635-39 Magnolia Ave, San Diego, CA 92109
Listing Price: $2,600,000
Investment Overview
Marcus and Millichap is pleased to present 2635-39 Magnolia Avenue, a fully renovated 5-unit complex
in the highly popular Pacific Beach neighborhood of San Diego, CA. Resting near the end of a quiet
col-de-sac, Magnolia features a desirable mix of four 2-bedroom /1-bath units and a single studio
unit (affordable; 110% AMI). Of the four 2-bedrooms which range from 733 square feet to 750 square
feet, one is a 2-story townhome. The studio is approximately 350 square feet. Units include their own
in-unit washer/dryers, new vinyl plank flooring, wall-heaters, stainless steel appliances, new ceiling
fans, refurbished and new cabinetry along with new kitchens and bathrooms. The complex was built
in 1960 and totally restored with additional ADUs added in 2023-2024. The lot is approximately 6,185
square feet zoned RM-3-8 (1du per 800sf) with 3,525 square feet of improvements and four tandem
parking spaces.
2635-39 Magnolia Ave
Investment Highlights
- Rarely Trading Pacific Beach Location On Cul-De-Sac Blocks From Beach
- Great Mix Of Four 2-Bedroom Units & A Single Studio Unit
- Full Property Remodel With New Kitchens, Baths, Floors, Appliances
- Major Plumbing Improvements, In-Unit Laundry & High-End Exterior Upgrades
- No Owner Utilities; City Trash & Tenants Pay RUBS For Water & Sewer
- Four Tandem Off-Street Parking Spaces (8 Spaces Total)
- Large 6,185 Square Foot Lot; RM-3-8, Or 1 Dwelling Unit Per 800 SF
Exclusively Listed By
Financing By
Listing Price: $2,600,000
Investment Highlights
- Rarely Trading Pacific Beach Location On Cul-De-Sac Blocks From Beach
- Great Mix Of Four 2-Bedroom Units & A Single Studio Unit
- Full Property Remodel With New Kitchens, Baths, Floors, Appliances
- Major Plumbing Improvements, In-Unit Laundry & High-End Exterior Upgrades
- No Owner Utilities; City Trash & Tenants Pay RUBS For Water & Sewer
- Four Tandem Off-Street Parking Spaces (8 Spaces Total)
- Large 6,185 Square Foot Lot; RM-3-8, Or 1 Dwelling Unit Per 800 SF
Investment Overview
Marcus and Millichap is pleased to present 2635-39 Magnolia Avenue, a fully renovated 5-unit complex in the highly popular Pacific Beach neighborhood of San Diego, CA. Resting near the end of a quiet col-de-sac, Magnolia features a desirable mix of four 2-bedroom /1-bath units and a single studio unit (affordable; 110% AMI). Of the four 2-bedrooms which range from 733 square feet to 750 square feet, one is a 2-story townhome. The studio is approximately 350 square feet. Units include their own in-unit washer/dryers, new vinyl plank flooring, wall-heaters, stainless steel appliances, new ceiling fans, refurbished and new cabinetry along with new kitchens and bathrooms. The complex was built in 1960 and totally restored with additional ADUs added in 2023-2024. The lot is approximately 6,185 square feet zoned RM-3-8 (1du per 800sf) with 3,525 square feet of improvements and four tandem parking spaces.
Exclusively Listed By
Financing By
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