Sold

4278-84 Olney St

Pacific Beach CA, 92109

$2,625,000


$854.49 per sqft

Sold

8 Beds

4 Baths

3,072 sqft

Multi-family

Built in 1960

4278-84 Olney St is a rare beach area 4-unit rental property in the highly desirable Crown Point area of Pacific Beach. Priced to sell. Walk or bike to bay or beach lifestyle is paramount to the property's evident appeal. Potential to add units, see city rules. This well cared for property features 4 units all with 2 bedrooms and 1 full bath. 3 Units feature private yards and laundry. 3 units are at ground level, with 1 unit upstairs. Potential in this multifamily zone RM to add up to 2 detached ADU units on property. Each unit has one off street parking spot with possible space for more parking. All units feature new flooring, up to date maintenance, and recent water heaters and appliances. 3 units feature new bathroom remodels, 1 completely new kitchen, and vinyl windows throughout, new custom steel railings, and contemporary landscaping. Current rents total 11,690 /mo. current with 12,800 projected. With potential ADUs the projected rents would total 18,800/mo (6units) for annual gross income of 225,600. The property is currently fully occupied with excellent pre-screened high-quality tenants. Do not disturb tenants.

230015440

MLS ID

August 9, 2023

Listed

May 9, 2024

Updated

Map

4278-84 Olney St
Pacific Beach CA, 92109

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

4


Full Bathrooms

4


Appliances

Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups


Fireplace

No


Cooling

No


Cooling Description

None, Other/Remarks


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.13 Acres


Roof

Composition

School Information

School District

San Diego Unified School District

Other Property Details

Area Name

Coastal South


Days on Market

85


Garage

No


Parking

Non-Garage(Uncovered)


View

No


County

San Diego


Water Source

Meter on Property


Pool

No


Zoning

RM1-1


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

11/21/2023

Price Change

$2,625,000

-3%

11/21/2023

Sold

$2,625,000

11/6/2023

Pending

10/17/2023

Price Change

$2,699,000

-3%

9/15/2023

Price Change

$2,775,000

-4%

Listed by Sand & Sea Realty, Inc., Yale Jallos,
Listing Contact: 619-623-2901 

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