About 3895 Ocean View Boulevard
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.
