2158 60 Balboa Avenue, San Diego, CA 92109
- $2,150,000
- List Price
- $2,150,000
- Status
- ACTIVE
- MLS#
- PTP2607106
- Year Built
- 1953
- Lot Size
- 5,662
- Acres
- 0.13
- Lot Location
- Near Park, Near Public Transit
- Days on Market
- 2
- Property Type
- Multifamily
Property Description
Excellent investor opportunity in the highly sought-after Pacific Beach area! Zoned for both commercial and residential use, this versatile four-unit property offers strong income potential and future upside. The unit mix consists of one 3-bedroom, 2-bath unit, one 2-bedroom, 1-bath unit, and two studio units with 1 bath each. The kitchens in both the 3-bedroom and 2-bedroom units have been renovated in the last few years, and a new shower was installed in the 3-bed full bath, enhancing their appeal and rental value. Front driveway parking provides space for up to four vehicles. Three units are occupied by long-term tenants, generating immediate rental income, while one unit is leased on a month-to-month basis. Ideally located just minutes from the beach and bay, with convenient access to major freeways, shopping, dining, and coastal amenities. Residents enjoy shared laundry facilities and a charming common courtyard highlighted by a tranquil koi pond. While several upgrades have been completed, some features and finishes remain in their original condition, presenting an excellent opportunity for a new owner to implement additional updates and potentially increase rental income and overall property value. PLEASE DO NOT DISTURB TENANTS. Property will be shown upon acceptance of an offer only.
/u.realgeeks.media/iconicrealestateservices/Rita_R.png)
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $142,500
- Operating Expense
- 28000
Listing courtesy of Listing Agent: Michele Nisly (micheleglendanisly@gmail.com) from Listing Office: Rise Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.