3833 Jewell St, Pacific Beach/Mission Beach, CA 92109

$7,200,000
List Price
$7,200,000
Days on Market
16
Status
PENDING
MLS#
NDP2111062
Lot Size(apprx.)
15,008
City
Pacific Beach/Mission Beach
Neighborhood
Crown Point
Property Type
Multifamily

Property Description

The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.

Additional Information

Gross Scheduled Income Actual
398925
Lot Size
15,008
Neighborhood
Crown Point
Style
Res Income 2-4 Units

Room Dimensions

Supplement
The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Lee & Associates

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