1027-33 Wilbur AveSan Diego, CA 92109

Exceptional investment opportunity in San Diego's desirable North Pacific Beach, this multifamily property boasts seven units, currently 100% occupied, offering immediate cash flow. The property comprises six one-bedroom, one-bathroom apartments and one charming two-bedroom, one-bathroom house. Built in 1958 and extensively renovated in 2014, the main house and five apartments feature updated kitchens with new cabinets and laminate flooring, along with new electrical systems and appliances. Residents enjoy ample storage and parking. The main house includes a bonus room suitable for an office or storage, a long driveway, and a private patio. Secure outdoor storage is provided for the six apartments, and a shared coin-operated laundry adds convenience. This meticulously maintained property is situated just three blocks from the beach and within walking distance of the vibrant shops and restaurants of North Pacific Beach. The property features a total of 3,030 square feet, with a price per square foot of $1,153.47. The Net Operating Income (NOI) is $88,919, resulting in a 2.54% cap rate. The asking price is $3,495,000, or $499,286 per unit. APN: 415-422-07-00. This is a turnkey investment ready for a new owner.