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Multifamily

828 Island Ct

828 Island Ct, San Diego, CA 92109

Listing Price: $1,563,000

Cap Rate
2.18%
Number of Units
3
Price/Unit
$521,000
Price/Gross SF
$1,145.89
Gross SF
1,364

Investment Overview

The Bove Group at Marcus & Millichap is pleased to present a value-add Triplex in the North Mission Beach neighborhood of San Diego. 828-30 Island Court is a great income-producing opportunity comprised of (1) two-bedroom/one-bathroom unit and (2) studios. This property is ideal for vacation rentals, long-term rentals, an owner occupant, or a combination of all three! Tenants enjoy assigned covered garage parking for 2 cars, a courtside patio, and a communal laundry room- perfect for relaxed bayside living. The property is located in Mission Beach, the narrow strip of land between Mission Bay and the Pacific. Mission Bay and San Diego Bay adorn the edge of the city like sparkling gems, and the 4,600-acre Mission Bay Aquatic Park is the centerpiece of it all. The area is filled with surfing shops, t-shirt stores and funky beach bars, and there’s a 3-mile oceanfront boardwalk that rivals Venice Beach for people watching. At Belmont Park, classic amusement rides include the Giant Dipper wooden roller-coaster and FlowRider Wave House, as well as rock climbing, bumper cars, miniature golf and arcade games. Mission Bay also has 27 miles of water’s-edge pathways, perfect for walking and cycling, and at the end of South Mission Beach Park you can cast a line from the Mission Beach jetty.

Investment Highlights

  • Three (3) unit multifamily investment opportunity in Mission Beach
  • One two car garage
  • Walking distance to popular parks, restaurants, activities

Exclusively Listed By

Listing Price: $1,563,000

Cap Rate
2.18%
Number of Units
3
Price/Unit
$521,000
Price/Gross SF
$1,145.89
Gross SF
1,364

Investment Highlights

  • Three (3) unit multifamily investment opportunity in Mission Beach
  • One two car garage
  • Walking distance to popular parks, restaurants, activities

Investment Overview

The Bove Group at Marcus & Millichap is pleased to present a value-add Triplex in the North Mission Beach neighborhood of San Diego. 828-30 Island Court is a great income-producing opportunity comprised of (1) two-bedroom/one-bathroom unit and (2) studios. This property is ideal for vacation rentals, long-term rentals, an owner occupant, or a combination of all three! Tenants enjoy assigned covered garage parking for 2 cars, a courtside patio, and a communal laundry room- perfect for relaxed bayside living. The property is located in Mission Beach, the narrow strip of land between Mission Bay and the Pacific. Mission Bay and San Diego Bay adorn the edge of the city like sparkling gems, and the 4,600-acre Mission Bay Aquatic Park is the centerpiece of it all. The area is filled with surfing shops, t-shirt stores and funky beach bars, and there’s a 3-mile oceanfront boardwalk that rivals Venice Beach for people watching. At Belmont Park, classic amusement rides include the Giant Dipper wooden roller-coaster and FlowRider Wave House, as well as rock climbing, bumper cars, miniature golf and arcade games. Mission Bay also has 27 miles of water’s-edge pathways, perfect for walking and cycling, and at the end of South Mission Beach Park you can cast a line from the Mission Beach jetty.

Exclusively Listed By

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