3895 Ocean View Boulevard

San Diego, CA 92113

$999,000
Price
6
Beds
3
Baths
2,160 Sq. Ft.
$463 / Sq. Ft.
2,160
Sq. Ft.
$463
per Sq. Ft.

Description

Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates. The property offers excellent potential for long-term...Welcome to this refurbished three unit investment property near down town San Diego. All three units have new wood laminate flooring, new appliances, new granite counters, and paint. Unit mix consists of a top unit that is a 3 bedroom, 1 bathroom (est 995 sqft). There is a 1 bedroom, 1 bathroom (est 460 sqft) and a 2 bedroom, 1 bathroom (est 651 sqft) on the first floor. All units are separately metered. Current rents are well below market rates. The property offers excellent potential for long-term growth, with the opportunity to increase value by adjusting rents to market rates. The pro forma cap rate with these adjustments is estimated to be in the 7-8% range, making this an attractive investment opportunity.
  1. Listed by Donny Hall • DRE #01852577 • Brokerage DRE #01904649 • Hallway Realty • 951-553-0315

Property Details for 3895 Ocean View Boulevard

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2160
Assessor Parcel Number
546-310-14-00
LISTING UPDATED: 09/29/2024 02:16 PM

Property Details for 3895 Ocean View Boulevard

StatusActive
MLS #SW24166114
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.09 AC / 3,751 SF
CountySan Diego County

Building Information for 3895 Ocean View Boulevard

Stories2Residences-Year Built1913Building Size-Lot Size0.09 AC / 3,751 SF

Property Information for 3895 Ocean View Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $57,600
  • Gross Scheduled Income: $57,600
  • Net Operating Income: $47,700
  • Cap Rate: 4.7
Expense Details
  • Operating Expense: $2,000
  • Insurance Expense: $2,500
  • Trash Expense: $480
  • Total Expenses: $5,400
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 1123
  • Tax Census Tract: 35.02
  • CFD/Mello-Roos Fee: $39
  • Tax Lot: 25,26
Community / Development
Community / Development
  • Community Features: Curbs, Street Lights
  • Community: DOWNTOWN
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Range
  • Equipment: Laundry Area
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Electric
  • Heat Source: Electric
  • Heating: Electric
  • Flooring: Laminate
Exterior Features
  • Entry Location: bottom floor/Second floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 3895 Ocean View Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3895 Ocean View Boulevard

Taxable ValueLand$189,820Additions$253,094Total$442,914
Tax Record2024$5,481 ($457 / month)
Home Facts
Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtLot Size3,572 SqFtStyleMulti-Family Dwelling (2-4)Year Built1913ZoningCOMMERCIALCountySAN DIEGOAPN546-310-14-00

Schools near 3895 Ocean View Boulevard

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 12
Charter - K to 8
Public - K to 8
Rating
School
Distance
Emerson/Bandini Elementary School
PublicK to 6

Logan Memorial Educational Campus
PublicK to 12

San Diego Cooperative Charter School 2
CharterK to 8

Mountain View
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3895 Ocean View Boulevard is a multi-family home for sale in San Diego, CA 92113. This property was listed for sale on August 10, 2024 by Hallway Realty, it's currently listed at $999,000. It has been on the market for a total of 96 days and was last sold on October 1, 2009. This listing's school district is San Diego Unified School District. Nearby schools include Emerson/Bandini Elementary School, Logan Memorial Educational Campus and San Diego Cooperative Charter School 2. 3895 Ocean View Boulevard is a 6-bed, 3-bath, 2,160 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hallway Realty, Donny Hall, DRE #01852577

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