Please contact the listing agent for the Offering Memorandum. Adelle Mar Apartments is a prime multifamily investment opportunity located in the highly desirable coastal community of Pacific Beach, San Diego. This well-maintained asset features an at tractive unit mix comprising two studios, seven one-bedroom/ one-bath units, and one two-bedroom/one-bath unit.… Read More The property has benefited from recent capital improvements and major building system upgrades, with select units receiving moderate interior renovations. For investors seeking value-add potential, there is significant upside through a comprehensive renovation program that could substantially increase rental income. Strategically located west of Interstate 5 and within walking distance to Mission Bay and Mission Bay Park—a 4,600-acre aquatic recreation area—Adelle Mar Apartments offers residents easy access to scenic beaches, outdoor activities, and an array of popular local restaurants, retail, and entertainment options. The neighborhood maintains a quiet, beach-town atmosphere with plentiful street parking. DO NOT WALK THE PROPERTY WITHOUT THE LISTING BROKER PRESENT. TENANTS ARE NOT AWARE OF THE BUILDING SALE. PLEASE DO NOT APPROACH OR DISTURB ANY OF THE TENANTS. Read Less
Listing Snapshot
Days Online
54
Last Updated
Property Type
Mixed Use
MLS Number
250029812SD
30 Days Snapshot Of 92109
$1.60M
+14%
(avg) sold price
21
-36%
homes sold
85
+49%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Operating expense: $94,018
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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