745 Avalon Court, San Diego, CA 92109
For Sale $1,200,000
Seller Will Entertain Offers Between $1M - $1.2M
PROPERTY FEATURES:
- Number Of Units: 3
- Cap Rate: 2.9%
- NOI: $34,759
- Lot Size: 0.05 Acres
- APN: 423-743-07
- Tax Records Year Built: 1939
- Approx. Building Size: 960 SF
- Zoning: R-2: Minor Multiple
- Submarket: South Mission Beach
HIGHLIGHTS:
- Seller Will Entertain Offers Between $1M - $1.2M
- High Demand South Mission Beach Location
- Steps to the Pacific Ocean and Bay Sand
This prime South Mission Beach duplex is conveniently located on the tip of the South Mission Beach peninsula situated between the Pacific Ocean and Mission Bay sand. Property is walking distance to Belmont Park and only minutes to downtown Pacific Beach, Ocean Beach and SeaWorld.
Seller will entertain offers between $1M - $1.2M! The property consists of two one bed/one bath units and one nonconforming studio unit, and is perfectly situated on one of the area's best beach courts located steps to ocean and bay sand. Avalon Court is the perfect investment opportunity for vacation rental investors, residential and second home buyers, or developers looking for long term rental or vacation rental income. One bed vacation rentals lease for approximately for $175 per night in the peak season and $150-160 per night in the off season. To achieve maximum return investors could consider a nine month rental from Sept thru May then take advantage of peak season vacation rental rates. Furnished units could likely increase monthly rent to $1,600 with restored garage for on-site parking. Repositioning could possibly achieve over $30,000 in vacation rental income in peak summer months.
Contact Pacific Coast Commercial (619) 469-3600
Jim Taylor | Lic. 00594876
Director, Multifamily & Investment Sales
+1.619.249.8407
Office +1.619.469.3600 | Lic. 01209930
10721 Treena Street, Suite 200
San Diego, CA 92131
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 purchase
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