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Listed by Carlos Rodrigues Rodrigues, DRE #01424826 • Berkshire Hathaway HomeService
$2,699,000
Est. payment /mo
5,133 Sqft Lot
New
806 Manhattan Ct CA 92109
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2606902
Year Built 1980
Lot Size 5,133 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunit
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Interior
Cooling Window / Wall Unit
Laundry In Closet, Other, Washer/Dryer - Leased
Exterior
Parking Features Storage - RV, Assigned Spaces, Carport , Garage
Garage Spaces 12.0
Pool 31, None
View Bay, Ocean, 30
Roof Type Shingle
Building
Story Split Level
Foundation Concrete Perimeter
Others
Tax ID 4236170600
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