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