806 Manhattan Ct, Not Provided, CA 92109
- $2,699,000
Listed by Carlos Rodrigues Rodrigues, 619-865-1300 from Berkshire Hathaway HomeService
(If provided) CoList: Daniel Lemieux from Estate Properties
- List Price
- $2,699,000
- MLS#
- CRPTP2606902
- Status
- ACTIVE
- Lot Size
- 5,133
- Listing Area
- 92109 - Pacific Beach
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
Additional Information
- Amenities
- Balcony/Patio, BBQ - Private
- Cooling System
- Window / Wall Unit
- Foundation
- Concrete Perimeter
- Garage Parking
- Storage - RV, Assigned Spaces, Carport, Garage
- Laundry Facilities
- In Closet, Other, Washer/Dryer - Leased
- Levels
- Split Level
- Lot Size
- 5,133
- Neighborhood
- 92109 - Pacific Beach
- Numberof Units
- 4
- Pool Description
- 31, None
- Roof
- Shingle
- Unincorporated Yn
- Yes
- View
- Bay View, Ocean View, 30
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