Pending

2165-93.5 Oceanview Blvd

Logan Heights CA, 92113

$6,250,000


$343.37 per sqft

Pending

6 Beds

18,202 sqft

Commercial

CASH FLOW! CASH FLOW! CASH FLOW! Located at the corner of Oceanview Blvd and Sampson Street in San Diego, California (2165-2193.5 Oceanview Blvd & 414-420 Sampson Street), this investment opportunity offers a unique and dynamic property composition. The property comprises eight separate structures, featuring a diverse unit mix including retail spaces, residential houses, apartments, and studios. With a strategic location in the vibrant Barrio Logan neighborhood, this property presents an enticing investment prospect in one of San Diego's progressive submarkets. The property has undergone significant capital improvements in recent years, enhancing its overall value and appeal. These improvements include but are not limited to new roofing, fencing throughout the premises, and modern security systems, ensuring the longevity and security of the investment. There exists substantial rental upside potential through cosmetic modernization of the units and proactive management strategies. With some strategic upgrades and management initiatives, investors have the opportunity to increase rental income and overall property value significantly. There is an EXTREMELY attractive assumable Freddie Mac loan in place with a loan balance of $3,216,000. The loan has an Interest-only rate of 3.44% through 2031.

240005915

MLS ID

March 19, 2024

Listed

November 22, 2024

Updated

Map

2165-93.5 Oceanview Blvd
Logan Heights CA, 92113

Interior Features

Total Stories

2


Bedrooms

6


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Other Property Details

Area Name

Metro Central


Days on Market

121


Garage

Yes


View

No


County

San Diego


Pool

No

Listing History

Date

Event

Price

9/9/2024

Pending

8/19/2024

Price change

$6,250,000

-99%

8/19/2024

Price change

$625,000,000

9665%

5/28/2024

Active

4/8/2024

Pending

Listed by The Browar Group, Josh Browar,
Listing Contact: 858-414-4398 

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