Multifamily

2716 Magnolia Ave

2716 Magnolia Ave, San Diego, CA 92109

Listing Price: $1,500,000

Cap Rate
3.62%
Number of Units
3
GRM
17.86
Occupancy
97.00%
Price/Unit
$500,000
Price/Gross SF
$961.54
Gross SF
1,560

Investment Overview

2716 Magnolia Avenue is a fully renovated 650 square foot, 2 bedroom 1 bathroom house on a 2,500 square foot lot. The property offers forced heating and air conditioning, on-site washer/dryer large front and back yard and parking for two vehicles. 4503 Bond Avenue offers two units totaling 1,080 square feet which include a 2 bedroom 1 bath and a studio unit. Both units in the duplex share access to a laundry room and each have private patios, and private yards.

The two lots are just two blocks from Grand Avenue which offers direct access to Crystal Pier and walking distance to De Anza Cove Park (right on the water) which overlooks Mission Bay. Fiesta Island is set to undergo a ~200 acre project to revitalize the island which includes, new recreational amenities as well as new Volleyball courts and off leash dog parks. The subject property offers tenants direct access to Garnet Avenue- the famed retail corridor boasting some of the best nightlife attractions San Diego has to offer. The new Trolley park and ride facility will be located on Balboa Avenue, which is just under a half a mile walk east as well.

Investment Highlights

  • Zoned for RM-2-5.
  • Possibility to add Accessory dwelling unit.
  • Direct Access to Trolley Line Stop.
  • Adjacent to De Anza Cove re-vitalization Plan.
  • Convenient Proximity to Freeway Entrance.

Exclusively Listed By

Listing Price: $1,500,000

Cap Rate
3.62%
Number of Units
3
GRM
17.86
Occupancy
97.00%
Price/Unit
$500,000
Price/Gross SF
$961.54
Gross SF
1,560

Investment Highlights

  • Zoned for RM-2-5.
  • Possibility to add Accessory dwelling unit.
  • Direct Access to Trolley Line Stop.
  • Adjacent to De Anza Cove re-vitalization Plan.
  • Convenient Proximity to Freeway Entrance.

Investment Overview

2716 Magnolia Avenue is a fully renovated 650 square foot, 2 bedroom 1 bathroom house on a 2,500 square foot lot. The property offers forced heating and air conditioning, on-site washer/dryer large front and back yard and parking for two vehicles. 4503 Bond Avenue offers two units totaling 1,080 square feet which include a 2 bedroom 1 bath and a studio unit. Both units in the duplex share access to a laundry room and each have private patios, and private yards.

The two lots are just two blocks from Grand Avenue which offers direct access to Crystal Pier and walking distance to De Anza Cove Park (right on the water) which overlooks Mission Bay. Fiesta Island is set to undergo a ~200 acre project to revitalize the island which includes, new recreational amenities as well as new Volleyball courts and off leash dog parks. The subject property offers tenants direct access to Garnet Avenue- the famed retail corridor boasting some of the best nightlife attractions San Diego has to offer. The new Trolley park and ride facility will be located on Balboa Avenue, which is just under a half a mile walk east as well.

Exclusively Listed By

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