806 Manhattan Ct,San Diego, CA 92109
San Diego, CA 92109
Description
Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit condition through seller-provided inspections and their own due diligence. Photos can be provided upon request. Don't miss this opportunity!
Details
| MLS # | PTP2606902 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1980 |
| Days On Site | 46 |
| Listing Provided By | Berkshire Hathaway HomeService | Carlos Rodrigues Rodrigues |
Features
| SQ Feet | 5,133 |
|---|---|
| Garage | 2 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 4 |
| Zoning | Multi Family Dwellings |
| Acreage | 0.12 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Walk In Closets |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Balcony, Barbecue |
|---|---|
| Roof | Shingle |
| Security Features | Smoke Detectors |
| Construction Materials | Stucco, Wood Siding |
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner Lot, Near Park, Near Public Transit, Walkstreet |
| Fencing | Wood |
Parking
| Parking Features | Attached Carport, Assigned, Garage Faces Rear, Storage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, See Remarks |
|---|---|
| Electric | Electricity On Property |
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks, Water Sports, Marina, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92109 |
| Area | 92109 Pacific Beach |
| Listing VS Median (in 92109) | |
Price: $2,699,000 low | high Med: $999,450 sqft: 5,133 low | high Med: 1,012 $ / sqft: $526 low | high Med: $1,135 On site: 46 low | high Med: 12 | |
Market Activity 92109
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92109 |
| Area | 92109 Pacific Beach |
| Listing VS Median (in 92109) | |
Price: $2,699,000 low | high Med: $999,450 sqft: 5,133 low | high Med: 1,012 $ / sqft: $526 low | high Med: $1,135 On site: 46 low | high Med: 12 | |