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3485-3487 Del Rey Street
Coastal South San Diego 92109

$1,600,000
2-4 Units 2,758 sq. ft. built: 1958

Main Photo: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
Photo 1: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
Photo 2: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
Photo 3: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
Photo 4: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
Photo 5: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
230018631
Year Built:
1958
Completed in 1958, this well maintained four-plex includes a mix of one and two-bedroom floor plans. There is an opportunity for an investor to complete interior renovations and achieve substantially higher rents. The subject is located west of Interstate 5 and walking distance to Mission Bay and Mission Bay Park, the 4,600 acre aquatic playground with miles of beaches and waterways. Pacific Beach has a plethora of popular eateries, shopping and attractions, all walking distance from the property.
Property Panorama Instant Tour
Total Floor Area:
2,758 sq. ft.
Lot Size:
1-3,999 SF
Number of Buildings:
1
Number of Units:
4
Year Built:
1958
Stories:
1 Story
Total Stories:
1
Market Area:
Coastal South
Community:
PACIFIC BEACH
County:
San Diego
Neighborhood Code:
Pacific Beach
Name of Complex/Subdivision:
n/a
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Cable TV
Other income:
0
Annual expense actual:
44549
Cap Rate.:
2.87
Projected Cap Rate.:
3.54
Gross Rent Multiplier:
17.1
Projected Gross Rent Multiplier:
15.3
Gross scheduled income:
93348
Finished Area for Unit 1:
510 sq. ft.
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
500.0
Total Rent for Unit 1:
1690.0
Projected Rent for Unit 1:
1900.0
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
No
Finished Area for Unit 2:
510 sq. ft.
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
500.0
Total Rent for Unit 2:
1820.0
Projected Rent for Unit 2:
2000.0
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
No
Finished Area for Unit 3:
630 sq. ft.
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
500.0
Total Rent for Unit 3:
2135.0
Projected Rent for Unit 3:
2400.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
No
Finished Area for Unit 4:
630 sq. ft.
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
500.0
Total Rent for Unit 4:
2135.0
Projected Rent for Unit 4:
2400.0
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
No
Glendora Street
Exterior Features:
Stucco
Cooling:
None
Heating:
Wall/Gravity
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
0
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Composition
Security:
N/K
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Conventional
Parcel Number:
424-362-15-00
  • Photo 1: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
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  • Photo 2: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
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  • Photo 3: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
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  • Photo 4: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
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  • Photo 5: PACIFIC BEACH Property for sale: 3485-3487 Del Rey Street in San Diego
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Listed by Eric D. Comer, Broker
Data was last updated December 2, 2023 at 05:10 PM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$1,999,900
Min list price:
$895,000
Max list price:
$7,900,000
Avg days on market:
62
Min days on market:
2
Max days on market:
1,031
Avg price per sq.ft.:
$414.14
These statistics are generated based on the current listing's property type and located in Coastal South. Average values are derived using median calculations.
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RONALD FLETCHER
Data Source Logo
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego Multiple Listing Service, Inc.