Pacific Coast Commercial is pleased to present the opportunity to acquire this 100% leased mixed-use income property located at 4852 - 4856 Santa Monica Avenue. The property is just a few blocks away from the boardwalk and beautiful Pacific Ocean in the heart of Ocean Beach, California. Santa Monica Avenue is across from the post office and nearby an abundant of delicious restaurants, fun night life, and great shopping. The property is completely remodeled, with the lot resurfaced.
PROPERTY FEATURES:
Property Type: Mixed-Use Investment - Retail / Office / Residential
Address: 4852 - 4856 Santa Monica Ave, San Diego, CA 92107
Building Size: +/- 2,500 Total Rentable Sq. Ft.
SUBMARKET: Point Loma / Ocean Beach
# OF UNITS: Three (3)
YEAR BUILT: 1966
PARCEL Size: +/- 7,621 SF
APN: 448-302-06-00
Sale Price: $1,800,000
Price/Unit: $600,000
Price/RSF: $720
PROFORMA CAP RATE: 4.0%
PROPERTY HIGHLIGHTS:
The property is zoned commercial with retail, office, a studio and a rental garage in the rear.
Perfect for owner/user with SBA loan come 2021.
The property has a total of eight (8) parking spots and a rental garage with two (2) spaces.
The front office space is occupied by New Break Financial Services. The unit contains a classy reception area, 4 split ac systems, 3 cubicles, 2 offices, conference room, all LED lighting, kitchen, and an external bathroom with private use for suite.
The front retail space is occupied by Chiropractors. The unit contains two (2) large examining rooms, a large reception area, and an external bathroom with private use for suite.
.The studio is currently used for commercial claims adjustors, with the ability for residential use. The unit contains a kitchen and private bathroom.
The property has an external utility room located at the parking lot in the rear of the building.
Take in all of the beauty that historic Ocean Beach has to offer.
For more information on this leasing opportunity, contact Pacific Coast Commercial:
AJ GEORGE | Lic. 01353648
(619) 469-3600
Broker Associate - Investment Sales
The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning and use should be verified prior to lease.
