1558-1564 Ebers Street

4-UNIT OCEAN BEACH INVESTMENT PROPERTY 1558-1564 EBERS STREET | SAN DIEGO, CA 92107

OFFERED AT $2,895,000 PRESENTED BY DARIN TRIOLO

Y O U R M u lt i - U n i t Investment Property Specialist

INCREDIBLE OPPORTUNITY

PROPERTY HIGHLIGHTS • Extremely high demand beach rental market — little to no vacancy factor • Four units in total — three spacious 2-bed/1-bath units; one 3-bed + den/2-bath unit • Each unit lives like a single-family home • All units have private garages, exclusive-use outdoor patio spaces, and in-unit washer/dryer

• Ocean views from three of the units • Dual pane windows, hardwood floors in most units, excellently maintained • Flexibility of investment options: long term leases, short term vacation rentals • Development opportunity for lot-line adjustments to build three single-family homes — total lot size of property is 10,457 square feet

Marquis 4-unit beach investment property with an amazing location just a block and a half from the ocean in the burgeoning Ocean Beach community of San Diego. With easy access to downtown, San Diego International Airport, and one of the most famous surf breaks at Sunset Cliffs, this location is in high demand for tenants and owners alike.

Staying true to its unique laid-back vibe while adding hip new restaurants, coffee shops, community events, cultural activities, farmers markets, organic groceries, antique shops, beachwear, and surf boutiques, Ocean Beach is a vibrant, bohemian neighborhood that offers a classic SoCal beach lifestyle that literally has something for everyone.

UNIT 1558

2 Beds | 1 Bath | 881 Sq. Ft. | 1-Car Garage | Private Patio | Ocean Views

To view a 3D video tour of this unit, visit:

https://my.matterport.com/show/?m=7Yn6j1dn7vs

UNIT 1560

2 Beds | 1 Bath | 849 Sq. Ft. | 1-Car Garage | Private Patio | Ocean Views

To view a 3D video tour of this unit, visit:

https://my.matterport.com/show/?m=MxDzyh9BGZf

UNIT 1562 3 Beds + Den | 2 Baths | 2-Story | 1,928 Sq. Ft. 1-Car Garage | Private Yard | Ocean Views

Floor 1

Floor 2

To view a 3D video tour of this unit, visit:

https://my.matterport.com/show/?m=4GtNuvon367

UNIT 1564

2 Beds | 1 Bath | 880 Sq. Ft. | 1-Car Garage with Direct Access | Private Patio

To view a 3D video tour of this unit, visit:

https://my.matterport.com/show/?m=Cu69PG8pJRB

AMAZING INVESTMENT OPPORTUNITY REN T ROLL / C UR R ENT AND PR OJECTED I NCOM E Unit

Lease Type

Beds/Baths

Size (Sq. Ft.)

Current Rent/Month

Projected Rent/Month

1558 Ebers Street

Month to Month

2/1

881

$2,850

$3,000

1560 Ebers Street

Month to Month

2/1

849

$2,750

$2,950

1562 Ebers Street

Month to Month

3+Den/2

1,928

$3,600

$4,500

1564 Ebers Street

Month to Month

2/1

880

$2,750

$2,850

TOTAL

9+Den/5

4,538

$11,950

$13,300

Financial Analysis*

Long Term Tenancy (Current)

Long Term Tenancy (Projected)

Short Term Vacation

Gross Monthly Income

$11,950

$13,300

$28,751.67

Gross Annual Income

$143,400

$159,600

$345,020

Insurance

$2,400

$2,400

$2,400

Landscaping

$2,400

$2,400

$2,400

Maintenance

$4,200

$4,200

$4,200

Property Management

$7,200

$7,200

$86,255

SDGE

$1,200

$1,200

$1,200

Water

$3,000

$3,000

$3,000

Property Taxes

$34,000

$34,000

$34,000

TOTAL ANNUAL EXPENSES

$54,400

$54,400

$133,455

TOTAL NET OPERATING INCOME

$89,000

$105,200

$211,565

3.07%

3.6%

7.3%

20.2

18.1

8.4

ANNUAL EXPENSES

CAP RATE GRM

*Based on a Sales Price of $2,895,000. Short Term Vacation Rental analysis prepared by Sun Diego Realty Group, Inc., a parent company of Pacific Coast Vacation Properties and Nancy’s Vacation Rentals. www.pacificcoastvacationproperties.com.

PREMIER LOCATION

For more information about this property, contact Darin at 858.759.6040.

DARIN TRIOLO REALTOR®, GPS, CDPE President, Triolo Realty Group DRE# 01376927

858.759.6040

AS SEEN ON

darin@triolorealty.com | TrioloRealty.com CONNECT WITH ME

Streaming on

Keller Williams Realty | DRE# 01524589 | 12780 High Bluff Drive, Suite 130 | San Diego, CA 92130

This brochure is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. E&OE covered.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2019