Available For Sale - Industrial , Retail

6,980 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
6,980 SF
Price/SF
Show Pricing $
Listing ID
SA415994
Notes
Property Details

Price $7,385,000

No. Units 16

Building Size 6,980 SF

Total Lot Size 0.11 AC

Property Type Multifamily

Cap Rate 3.86%

Gross Rent Multiplier 16.48

No. Stories 3

Building Class C

Year Built 1960

Tax ID/APN 423-722-10-00

Status Active



Property Notes

3 715 Cohasset Ct, San Diego, CA 92109

Sale Notes

715 Cohasset Court is a top quality coastal San Diego apartment property located in the A+ area of South Mission Beach, 100 steps to the boardwalk and

Beach. This

completely renovated 16 unit asset is fully stabilized and 100% leased. The immediate area has an average House Hold income of $127k/year and an average

detached home

sale price of $1.6MM ($1.45MM for attached condos). Interior renovations include quartz countertops in kitchens and baths, white shaker cabinets in kitchen

and baths,

luxury vinyl plank flooring throughout, in-unit stackable washer/dryers, upscale front doors with keyless entries, modern paint, baseboards, molding and more.

The exterior

renovations include a new roof (with 10 year warranty), vinyl windows, stucco patch and repair, new paint (including front mural), new address sign,

redesigned front elevation

with landscaping, new code security gates, BBQ/lounge area and more. The property also includes a rooftop deck with 360 views of the Pacific Ocean and

Sail Bay. This

highly desirable property and location attracts an upscale resident with substantial income and credit rating. The property offers an opportunity for the long

term investor to

own a rarely offered, highly upgraded property in one of San Diego’s top beach locations.



Property Description

715 Cohasset Court is a top quality coastal San Diego apartment property located in the A+ area of South Mission Beach, 100 steps to the boardwalk and

Beach. This

completely renovated 16 unit asset is fully stabilized and 100% leased. The immediate area has an average House Hold income of $127k/year and an average

detached home

sale price of $1.6MM ($1.45MM for attached condos). Interior renovations include quartz countertops in kitchens and baths, white shaker cabinets in kitchen

and baths,

luxury vinyl plank flooring throughout, in-unit stackable washer/dryers, upscale front doors with keyless entries, modern paint, baseboards, molding and more.

The exterior

renovations include a new roof (with 10 year warranty), vinyl windows, stucco patch and repair, new paint (including front mural), new address sign,

redesigned front elevation

with landscaping, new code security gates, BBQ/lounge area and more. The property also includes a rooftop deck with 360 views of the Pacific Ocean and

Sail Bay. This

highly desirable property and location attracts an upscale resident with substantial income and credit rating. The property offers an opportunity for the long

term investor to

own a rarely offered, highly upgraded property in one of San Diego’s top beach locations.
Uses
Industrial
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Josh Salik, Salik Real Estate & Development