4278-84 Olney St, Pacific Beach/Mission Beach, CA 92109

Property Description

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.