MLS® ID: 180056266
709 Missouri St.
San Diego, California, 92109 $2,495,000
An exceptionally well located investment opportunity 100 yards to the beach and 4 blocks north of Garnet Av. in Pacific Beach. The property is comprised of 5 units that have operated at 99% occupancy over the last 5 years. There are immediate opportunities to increase returns through interior renovation or short term rentals. Discover the fact that rental rates are different west of Mission Blvd. thanks to proximity to the ocean and Garnet Av. nightlife. The special zoning RM 5-12 only applies to about 20 parcels here, surrounded by hotels. It allows visitor accommodations and it is the only place in Pacific Beach that permits 1 unit to be built per 1000 square feet. It means that use as vacation rentals should be a right with that zoning and 6 new condos could be built there. Click D for documents to the left above to see the Offering Memorandum. Located on a Quiet Side Street All Tenants are on Leases All have High Security Deposits No Unlawful Detainers in 10 Years Some Rents Under Market