750 Whiting Court $5,300,000

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    750 Whiting Court San Diego, CA 92109

    • Commercial Sale
    MLS# 190031388
    SOLD 8/23/2019

    $5,300,000

    Market Estimate
    Days On Market: 24 0 Views
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    Property Details

    Located in the ultra desirable North Mission Beach neighborhood and half a block to the Pacific Ocean this property presents an extremely rare investment opportunity. The property consists of 14 spacious units consisting of six (6) 2 bedroom / 1 bathroom apartments, three (3) 1 bedroom / 1 bathroom apartments and five (5) studio apartments. Unlike the majority of housing in the area the Whiting Court Apartments contain eight (8) legal off street parking spaces as well as five (5) single car garages (there are three additional off street parking spaces but are assumed tobe nonconforming). In the past year, all windows throughout the property have been replaced with dual pane vinyl retrofits, much of the wood framing throughout was replaced and the entire exterior was restucco'd. Most units are currently on MTM lease agreements which allows the flexibility of a new owner to increase rents to market. THERE IS UPWARDS OF 35% OF RENTAL UPSIDE ON THIS PROJECT.

    Neighborhood

    92109 (San Diego) Demographics

    31Median Age
    6,372Population Density (per sq. mile)
    70%College Educated
    $71,098 Estimated Median Income
    6,578Estimated Total Home Owners
    16,059Estimated Total Renters
    29% / 71%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    48,430Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $927,499 Median Sales Price
    40 Homes Sold
    68 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        8/23/2019 12:00:00 AM Sold Source New Value: $5,300,000
        7/2/2019 12:16:42 PM Status Changed Source New Value: Pending

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        Based on information from California Regional Multiple Listing Service, Inc. as of 9/21/2019 8:30:33 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.