1530 Chalcedony
San Diego, CA 92109

$7,050,000

Description

PROBATE SALE: The Madrid, a 19-unit apartment community located in Pacific Beach, San Diego. Built in 1969, the Madrid offers residents large one-bedroom and two-bedroom, two-bath floor plans. This is a true value-add opportunity as the property is in original form, allowing a future investor to renovate the building and increase rents. The property is situated north of Grand and Garnet in the quiet residential neighborhood of North Pacific Beach near Kate Sessions park. Within minutes of the property, there is convenient shopping and entertainment including major retailers such as Trader Joes, Vons, Starbucks and CVS. Residents are a short drive or bike ride away from several beaches and surf spots, including Tourmaline Beach and the Crystal Pier. The Madrids prime location and value-add potential is the perfect opportunity for an investor looking for a unique asset in a dynamic A+ location. Amenities: Spa

Details

MLS#190016567
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site24

Features

Story(s)0
Units19

Market Activity 92109

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Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92109
Listing VS Median (in 92109)
Price:
$7,050,000
low | high
Med:
$1,099,000
100% of Average
On Site:
24
low | high
Med:
32
75% of Average
Listing Updated: 04/20/2019
MLS Number: 190016567
Listing Provided By:
Eric Comer  of  Eric D. Comer Broker
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.