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PENDING

3833 Jewell St, San Diego, CA 92109$7,200,000

--
bed
--
bath
14274
ft2
· 15008
ft2 lot
$504 / ft2

Listing provided courtesy of Eric von Bluecher, Lee & Associates
Source CRMLS;
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The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.

HOA

$0/month

On market

24 days

Year built

1962

Property type

Multi-Family

Parking

MLS

NDP2111062

Price / Sq.Ft.

$504 / ft2

Status

Pending

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Home details for 3833 Jewell St

Interior Features & Layout
Interior Size
•   
Building Area Total: 14274.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Zoning: Commercial
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Level
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.3445
•   
Lot Size Area: 15008.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 19
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 19
•   
Number Of Separate Gas Meters: 19
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 10150.00
•   
Cap Rate: 3.00
•   
Trash Expense: 6100.00
•   
New Taxes Expense: 88718.00
•   
Insurance Expense: 5325.00
•   
Professional Management Expense: 22800.00
•   
Total Expenses: 171115.00
•   
Gross Scheduled Income: 398925.00
•   
Operating Expense: 171115.00
Tax/Assessment Info
•   
Gross Income: 386957.00
•   
Tax Year: 2020
•   
Taxes: 8081.86
Lease Info
•   
Net Operating Income: 215842.00
Listing Info
•   
Status: Pending
Multi Unit Information
Multi Unit Information
•   
Price Per Unit: 378947
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: Near major streets Ingraham & Grand
Other
Calculation
•   
Dom: 18

Neighborhood snapshot

Flyhomes
California
San Diego County
San Diego
Pacific Beach
31
Properties for sale
8
Median days on market
$776.32
Median sold price/sqft
101.40%
Sold/List %
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Property History for 3833 Jewell St

10/12/2021
10/12/2021
CRMLS #NDP2111062
pending
CRMLS #NDP2111062
$7,200,000
09/24/2021
09/24/2021
CRMLS #NDP2111062
active
CRMLS #NDP2111062
$7,200,000

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