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4460 4462 Montalvo St

San Diego, CA 92107
  • $2,200,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: 220010065SD
UPDATED: 44 min ago
$2,200,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Kyley Christy of Aare (858-342-9292)


Description

Live the beach life AND enjoy investment income with this charming 3 unit offering on a large lot in Ocean Beach. Remodeled detached 2 bed/1 bath classic beach house with fenced yards, laundry & 1 car garage + TWO additional units in the back (spacious 1 bed/1 bath upstairs apartment with 1 car garage & downstairs 400sf studio with private entrance, shared patio and off-street parking). Montalvo Street is located at the top of a bluff with cool ocean breezes and convenient access to all. Units show pride of ownership and are all in good condition and occupied with great tenants. Current monthly rents are $6315/mth. All appliances convey. Possible RV/Boat parking in rear with alley access. This great Ocean Beach location is walkable and especially convenient with freeway access less than 1 min away, beach less than a mile and midway shopping & entertainment district nearby (Target, grocery, Valley View Arena, etc.). Great neighborhood schools too (OB Elementary, Correia Middle & Point Loma High)! Huge BONUS...Property is in final design approval stage for "Quieter Homes" program to receive new windows, doors & central HVAC system! See supplemental remarks for unit breakdown & more details. Continued Remarks....FRONT HOUSE is a 2/1, 1000sf classic beach cottage with private fenced front & backyards and attached 1 car garage with washer/dryer. The house is modern and open with recent kitchen & bath remodels, hardwood floors and lots of light. The kitchen has wow factor with new cabinets, center island with bar stools, & stainless appliances. Both yards are easy care and water-wise with turf & succulents, plus space for kids, pets & gardening and storage shed. Summer sunsets are especially stunning with peek ocean view from the charming front yard! At the back of the property above its private 1 car garage youll find an inviting 600sf 1 BEDROOM, 1 BATH APARTMENT with large bay window, lots of built-ins, newer flooring, private entrance, no shared walls, additional off-street parking and views of the sea world fireworks. Adjacent to the garage and apartment is a 400sf STUDIO with sleeping, living & dining areas and bathroom with shower (no tub). Full kitchen includes range & refrigerator. Private entrance from alley, also accessible via pathway from Montalvo Street. Shared patio/courtyard area adjacent to studio entrance. Sewer: Sewer Connected Unit # for Unit 1: 4460 Unit # for Unit 2: 4462 Unit # for Unit 3: 4460 1/2 Number of Furnished Units: 0 Topography: LL

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T00:34:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128128357
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4460 4462 Montalvo St San Diego, CA 92107

  • Price: $2,200,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 44 min ago
  • ID#: 220010065SD
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1950
Built
Neighborhood:
Ocean Beach
County:
San Diego
Area:
92107 - Ocean Beach
Property Description
Live the beach life AND enjoy investment income with this charming 3 unit offering on a large lot in Ocean Beach. Remodeled detached 2 bed/1 bath classic beach house with fenced yards, laundry & 1 car garage + TWO additional units in the back (spacious 1 bed/1 bath upstairs apartment with 1 car garage & downstairs 400sf studio with private entrance, shared patio and off-street parking). Montalvo Street is located at the top of a bluff with cool ocean breezes and convenient access to all. Units show pride of ownership and are all in good condition and occupied with great tenants. Current monthly rents are $6315/mth. All appliances convey. Possible RV/Boat parking in rear with alley access. This great Ocean Beach location is walkable and especially convenient with freeway access less than 1 min away, beach less than a mile and midway shopping & entertainment district nearby (Target, grocery, Valley View Arena, etc.). Great neighborhood schools too (OB Elementary, Correia Middle & Point Loma High)! Huge BONUS...Property is in final design approval stage for "Quieter Homes" program to receive new windows, doors & central HVAC system! See supplemental remarks for unit breakdown & more details. Continued Remarks....FRONT HOUSE is a 2/1, 1000sf classic beach cottage with private fenced front & backyards and attached 1 car garage with washer/dryer. The house is modern and open with recent kitchen & bath remodels, hardwood floors and lots of light. The kitchen has wow factor with new cabinets, center island with bar stools, & stainless appliances. Both yards are easy care and water-wise with turf & succulents, plus space for kids, pets & gardening and storage shed. Summer sunsets are especially stunning with peek ocean view from the charming front yard! At the back of the property above its private 1 car garage youll find an inviting 600sf 1 BEDROOM, 1 BATH APARTMENT with large bay window, lots of built-ins, newer flooring, private entrance, no shared walls, additional off-street parking and views of the sea world fireworks. Adjacent to the garage and apartment is a 400sf STUDIO with sleeping, living & dining areas and bathroom with shower (no tub). Full kitchen includes range & refrigerator. Private entrance from alley, also accessible via pathway from Montalvo Street. Shared patio/courtyard area adjacent to studio entrance. Sewer: Sewer Connected Unit # for Unit 1: 4460 Unit # for Unit 2: 4462 Unit # for Unit 3: 4460 1/2 Number of Furnished Units: 0 Topography: LL
Exterior Features

Fencing Partial Parking Total 0 Roof Composition

Interior Features

Appliances Gas Water Heater Cooling See Remarks Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Association Fee 0 Cap Rate 3 Gross Scheduled Income 75780 Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventionalFhaVa Loan Net Operating Income 67872 Possession See Remarks Senior Community YN No Tenant Pays Cable TvElectricitySewerWater Zoning R-4:Multip



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T00:34:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Kyley Christy of Aare (858-342-9292)