Property Detail

Description

CASH FLOW! CASH FLOW! CASH FLOW! Located at the corner of Oceanview Blvd and Sampson Street in San Diego, California (2165-2193.5 Oceanview Blvd & 414-420 Sampson Street), this investment opportunity offers a unique and dynamic property composition. The property comprises eight separate structures, featuring a diverse unit mix including retail spaces, residential houses, apartments, and studios. With a strategic location in the vibrant Barrio Logan neighborhood, this property presents an enticing investment prospect in one of San Diego's progressive submarkets. The property has undergone significant capital improvements in recent years, enhancing its overall value and appeal. These improvements include but are not limited to new roofing, fencing throughout the premises, and modern security systems, ensuring the longevity and security of the investment. There exists substantial rental upside potential through cosmetic modernization of the units and proactive management strategies. With some strategic upgrades and management initiatives, investors have the opportunity to increase rental income and overall property value significantly. There is an EXTREMELY attractive assumable Freddie Mac loan in place with a loan balance of $3,216,000. The loan has an Interest-only rate of 3.44% through 2031.