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4460-4462 Montalvo St

San Diego, CA 92107
  • $2,200,000
  • STATUS: ACTIVE
  • ON SITE: 25 Days
  • ID#: 220010065
UPDATED: 78 min ago
$2,200,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,060
    SQFT
  • $1,068
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

Description

Live the beach life AND enjoy investment income with this charming 3 unit offering on a large lot in Ocean Beach. Remodeled detached 2 bed/1 bath classic beach house with fenced yards, laundry & 1 car garage + TWO additional units in the back (spacious 1 bed/1 bath upstairs apartment with 1 car garage & downstairs 400sf studio with private entrance, shared patio and off-street parking). Montalvo Street is located at the top of a bluff with cool ocean breezes and convenient access to all. Units show pride of ownership and are all in good condition and occupied with great tenants. Current monthly rents are $6315/mth. All appliances convey. Possible RV/Boat parking in rear with alley access. This great Ocean Beach location is walkable and especially convenient with freeway access less than 1 min away, beach less than a mile and midway shopping & entertainment district nearby (Target, grocery, Valley View Arena, etc.). Great neighborhood schools too (OB Elementary, Correia Middle & Point Loma High)! Huge BONUS...Property is in final design approval stage for "Quieter Homes" program to receive new windows, doors & central HVAC system! See supplemental remarks for unit breakdown & more details. Continued Remarks....FRONT HOUSE is a 2/1, 1000sf classic beach cottage with private fenced front & backyards and attached 1 car garage with washer/dryer. The house is modern and open with recent kitchen & bath remodels, hardwood floors and lots of light. The kitchen has wow factor with new cabinets, center island with bar stools, & stainless appliances. Both yards are easy care and water-wise with turf & succulents, plus space for kids, pets & gardening and storage shed. Summer sunsets are especially stunning with peek ocean view from the charming front yard! At the back of the property above it’s private 1 car garage you’ll find an inviting 600sf 1 BEDROOM, 1 BATH APARTMENT with large bay window, lots of built-ins, newer flooring, private entrance, no shared walls, additional off-street parking and views of the sea world fireworks. Adjacent to the garage and apartment is a 400sf STUDIO with sleeping, living & dining areas and bathroom with shower (no tub). Full kitchen includes range & refrigerator. Private entrance from alley, also accessible via pathway from Montalvo Street. Shared patio/courtyard area adjacent to studio entrance.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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4460-4462 Montalvo St San Diego, CA 92107

  • Price: $2,200,000
  • Status: ACTIVE
  • On Site: 25 Days
  • Updated: 78 min ago
  • ID#: 220010065
3
Beds
3
Baths
0
½ Baths
0.14
Acres
2,060
SQFT
$1,068
$/SQFT
1950
Built
Neighborhood:
Ocean Beach
County:
San Diego
Area:
Ocean Beach (92107)
Elementary School:
San Diego Unified School District
Middle School:
San Diego Unified School District
High School:
San Diego Unified School District
Property Description
Live the beach life AND enjoy investment income with this charming 3 unit offering on a large lot in Ocean Beach. Remodeled detached 2 bed/1 bath classic beach house with fenced yards, laundry & 1 car garage + TWO additional units in the back (spacious 1 bed/1 bath upstairs apartment with 1 car garage & downstairs 400sf studio with private entrance, shared patio and off-street parking). Montalvo Street is located at the top of a bluff with cool ocean breezes and convenient access to all. Units show pride of ownership and are all in good condition and occupied with great tenants. Current monthly rents are $6315/mth. All appliances convey. Possible RV/Boat parking in rear with alley access. This great Ocean Beach location is walkable and especially convenient with freeway access less than 1 min away, beach less than a mile and midway shopping & entertainment district nearby (Target, grocery, Valley View Arena, etc.). Great neighborhood schools too (OB Elementary, Correia Middle & Point Loma High)! Huge BONUS...Property is in final design approval stage for "Quieter Homes" program to receive new windows, doors & central HVAC system! See supplemental remarks for unit breakdown & more details. Continued Remarks....FRONT HOUSE is a 2/1, 1000sf classic beach cottage with private fenced front & backyards and attached 1 car garage with washer/dryer. The house is modern and open with recent kitchen & bath remodels, hardwood floors and lots of light. The kitchen has wow factor with new cabinets, center island with bar stools, & stainless appliances. Both yards are easy care and water-wise with turf & succulents, plus space for kids, pets & gardening and storage shed. Summer sunsets are especially stunning with peek ocean view from the charming front yard! At the back of the property above it’s private 1 car garage you’ll find an inviting 600sf 1 BEDROOM, 1 BATH APARTMENT with large bay window, lots of built-ins, newer flooring, private entrance, no shared walls, additional off-street parking and views of the sea world fireworks. Adjacent to the garage and apartment is a 400sf STUDIO with sleeping, living & dining areas and bathroom with shower (no tub). Full kitchen includes range & refrigerator. Private entrance from alley, also accessible via pathway from Montalvo Street. Shared patio/courtyard area adjacent to studio entrance.
Exterior Features

Boat Facilities Yes Exterior Stucco Fencing Partial Frontage Dimensions In Feet 50 Irrigation N/K Lot Dimensions Approx 50X125 Parking For RV On-Site ParkingPotential Space Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Desc Unit3 N/K Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 AssignedUncovered Roof Composition Site Alley AccessCurbsPublic StreetSidewalksStreet PavedWest Of I-5 Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 2 Units With Patios 1

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 1 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 1 Water Heater Type Gas

Property Features

Actual Cap Rate 3.0 Age Restrictions N/K Annual Expense Actual 7908 Annual Expense Projected 7908 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Ocean Beach Complex Features Rv/Boat Parking Complex Park N/A Cross Streets West Point Loma Blvd. Gross Rent Multiplier Actual 29.0 Gross Rent Multiplier Project 26.0 Gross Scheduled Income Actual 75780 Gross Scheduled Income Project 83940 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Net Operating Income Projected 76632 Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/Remarks Projected Cap Rate 3.5 Projected Other Income 0.0 Sales Restrictions N/K Security Other/Remarks Sewer Septic Sewer Connected Short Sale No Tenant Pays SewerWaterCable TvElectricityHot Water Terms CashConventionalFhaVa Unit Number For Unit1 4460 Unit Number For Unit2 4462 Unit Number For Unit3 4460 1/2 Unit1 Deposit 2000 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 3150.0 Unit2 Deposit 1950 Unit2 Occupied Tenant Unit2 Projected Rent 2095.0 Unit2 Rent Actual 1950.0 Unit3 Deposit 1150 Unit3 Occupied Tenant Unit3 Projected Rent 1395 Unit3 Rent Actual 1215.0 Water Meter On Property Water District City Of San Diego Zoning R-4:Multip

San Diego MLS logo Listing provided courtesy of Aare. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106