Property Detail

Description

We are pleased to exclusively present for sale 5018 Saratoga Avenue, an extremely well-maintained 6-unit apartment investment opportunity a little over a block to the beach. Composed of a desirable mix of four 2-bedroom /1-bath units (approximately 800sf) and two 1-bedroom / 1-bath units (approximately 450sf), this 2-building apartment community rests on a 6,913 square foot lot primed and ready for the construction of additional units. In recent years windows have been replaced with dual pane, all rear subpanels have been replaced, gfci plugs added throughout, interiors have been partially upgraded, landscaping has been updated, and roof replaced. There are nine off-street parking spaces, six storage lockers and flexibility in future property operations as tenants are on month-to-month rental agreements. 5018 Saratoga Avenue enjoys one of the highest demand rental markets in San Diego, making this property appealing to potential renters and buyers. Only three multifamily properties 5 units and above have traded in the Ocean Beach sub-market since January, making this a rare, highly desirable investment. Ocean Beach offers an array of entertainment with shops, restaurants, beaches and attractions all within walking distance. Ocean Beach is one of the closest beach communities to Downtown San Diego that has recently begun a visible transformation with new complexes, residences and stores flourishing across the neighborhood. This property is an excellent investment for the investor seeking an extremely well-located legacy property with significant rental upside in a high barriers-to-entry market.