806 Manhattan Ct, San Diego, CA 92109
806 Manhattan Ct, San Diego, CA 92109
806 Manhattan Ct, San Diego, CA 92109
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,699,000
Est. payment /mo
5,131 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2606902

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1980

Lot Size 5,131 Sqft

Property Sub-Type Quadruplex

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 opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit condition through seller-provided inspections and their own due diligence. Photos can be provided upon request. Don't miss this opportunity!

Location

State CA

County San Diego

Area 92109 - Pacific Beach

Zoning Multi Family Dwellings

Interior

Interior Features Balcony, Walk-In Closet(s)

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Laundry Closet, Outside

Exterior

Exterior Feature Balcony, Barbecue

Parking Features Attached Carport, Assigned, Garage Faces Rear, Storage

Garage Spaces 2.0

Carport Spaces 8

Garage Description 2.0

Fence Wood

Pool None

Community Features Curbs, Street Lights, Sidewalks, Water Sports, Marina, Park

Utilities Available Cable Available, Electricity Available, See Remarks

Waterfront Description Beach Access,Beach Front,Bayfront,Ocean Access

View Y/N Yes

View Bay, Back Bay, Ocean, Peek-A-Boo

Roof Type Shingle

Accessibility Parking

Porch Balcony

Total Parking Spaces 12

Private Pool No

Building

Lot Description Corner Lot, Near Park, Near Public Transit, Walkstreet

Faces South

Story 2

Entry Level Two,Multi/Split

Foundation Concrete Perimeter

Sewer Public Sewer

Level or Stories Two, Multi/Split

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 4236170600

Security Features Smoke Detector(s)

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Trust

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Listed by Carlos Rodrigues Rodrigues Berkshire Hathaway HomeService 619-865-1300, DRE #01424826

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