Commercial for Sale – 4019 Oakcrest Dr, San Diego, CA 92105, USA -001-11-30T00:00:00-08:00
Located in an Opportunity Zone, the Pacific Cove Apartments have been extensively remodeled within the past year. The exterior of the property has been painted, fitted with new windows, stairs, walkways, as well as re-landscaped with virtually no maintenance
4019 Oakcrest Dr, San Diego, CA 92105, USA
$17,500,000 USD
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Address4019 Oakcrest drive, San Diego
Property SubtypeCommercial / Residential
Price$17,500,000
Price Changed2.5% (-$450,000, 59 days ago)
Property TypeCommercial Sale
Year Built2000
Bedrooms Total0
Listing ID180054468
StatusActive
Parcel Number4715303000
Days on Market177

Detailed Description: Located in an Opportunity Zone, the Pacific Cove Apartments have been extensively remodeled within the past year. The exterior of the property has been painted, fitted with new windows, stairs, walkways, as well as re-landscaped with virtually no maintenance landscaping. The remodeled units all have low flow toilets, faucets and showerheads. All units have remodeled kitchens with new wood cabinets and quartz counter-tops as well as new appliances. Select units have dishwashers and all units have microwaves, new vinyl plank flooring in the common areas as well as ceiling fans. The property features units with balconies and has plenty of parking. The property consists of 44,067 sq.ft of structure built in 1986 and situated on a 64,904 square foot lot. Twenty-five (25) of the units are spacious 2 Bed / 1 Bath units with in unit washers and dryers, (46) of the units are large 1 Bed / 1 Bath units and (10) are studios. There are multiple laundry rooms. The property has a low cost of operation and low maintenance.


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Address Information
Address4019 Oakcrest drive, San Diego
CitySan Diego
County Or ParishSan Diego
State or ProvinceCA
Postal Code92105
CountryUS
Financial Information
Price Changed-2.507%
Previous Price$17,950,000
Total Monthly Rent$116,745
Operating Expense$445,903
Gross Scheduled Income$1,400,940
Net Operating Income$913,009
Tax Year2000
Full Descriptions
Parcel Number4715303000
Detailed DescriptionLocated in an Opportunity Zone, the Pacific Cove Apartments have been extensively remodeled within the past year. The exterior of the property has been painted, fitted with new windows, stairs, walkways, as well as re-landscaped with virtually no maintenance landscaping. The remodeled units all have low flow toilets, faucets and showerheads. All units have remodeled kitchens with new wood cabinets and quartz counter-tops as well as new appliances. Select units have dishwashers and all units have microwaves, new vinyl plank flooring in the common areas as well as ceiling fans. The property features units with balconies and has plenty of parking. The property consists of 44,067 sq.ft of structure built in 1986 and situated on a 64,904 square foot lot. Twenty-five (25) of the units are spacious 2 Bed / 1 Bath units with in unit washers and dryers, (46) of the units are large 1 Bed / 1 Bath units and (10) are studios. There are multiple laundry rooms. The property has a low cost of operation and low maintenance.
Property parameters
Year Built2000
Number of Buildings3
Number of Units Total81
Property SubtypeCommercial / Residential
Units Total81
Cap Rate (For Cash Payment Only)5.2
Listed withBenn Vogelsang (South Coast Commercial, Inc.)