NEW! Buy and sell safely with virtual options - Learn More
About the Listing 85236 - 803996,SLEMIDAN
Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit condition through seller-provided inspections and their own due diligence. Photos can be provided upon request. Don't miss this opportunity!
Listing Highlights for 806 Manhattan Ct
Interior Details
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other: Balcony,Walk-In Closet(s)
- Water:
Exterior Details
- Lot Description: Corner Lot,Near Park,Near Public Transit,Walkstreet,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 12
- Zoning: Multi Family Dwellings
- Roof: Shingle
- Others: Balcony,Barbecue,Repairs Cosmetic,Stucco,Wood Siding,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Attached Carport,Assigned,Garage Faces Rear,Storage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4236170600
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
806 Manhattan Ct San Diego, CA 92109
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
