The Village at Oceanview | 2165-2183 Ocean View Blvd
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The Village at Oceanview 2165-2183 Ocean View Blvd
32 Unit Apartment Building $6,250,000 ($195,313/Unit) 5.16% Cap Rate San Diego, CA 92113
Investment Highlights
- ***7% CASH FLOW DAY 1***HIGHLY ATTRACTIVE ASSUMABLE FINANCING THRU 2031 (3.44% INTEREST ONLY)
- DYNAMIC UNIT MIX IN GENTRIFYING BARRIO LOGAN NEIGHBORHOOD
- ~28,000 SQFT LOT
- VALUE ADD POTENTIAL
- OPPORTUNITY ZONE
- ADU POTENTIAL VIA GARAGE (4) CONVERSION
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
| Price | $6,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $195,313 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 5.16% | Building Size | 18,202 SF |
| Gross Rent Multiplier | 10.4 | No. Stories | 2 |
| No. Units | 32 | Year Built | 1945 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $6,250,000 |
| Price Per Unit | $195,313 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 10.4 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 18,202 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 0.88/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Office
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,100 | 425 |
| 1+1 | 14 | $1,226 | 500 |
| 2+1 | 3 | $1,680 | 700 |
| 3+1 | 1 | $2,387 | - |
| 10+5 | 2 | $2,751 | - |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 538-380-13 | Total Assessment | $4,955,241 |
| Land Assessment | $2,958,353 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,996,888 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
538-380-13
Land Assessment
$2,958,353
Improvements Assessment
$1,996,888
Total Assessment
$4,955,241
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | MF-25 |
| MF-25 |
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The Village at Oceanview | 2165-2183 Ocean View Blvd
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