5220 Cass St

    CA 92109
    • $3,500,000
    • STATUS: Active
    • ON SITE: 125 days
    • ID#: 190027553
    UPDATED: 54 min ago
    $3,500,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Large corner Lot approx. 11,279 SF bordering La Jolla and North Pacific Beach only blocks from the ocean. This automotive tenant occupies the front lot with building consisting of four bays, an office and large fenced parking lot. The back residence has it's own address and frontage on adjacent street of Cass just south of La Jolla by a few blocks with 3 bedrooms and 1.5 bathrooms all recently renovated. The Lot abuts the back alley for a third access point. Both tenants have less than market value rents for a value add to new owner or could possibly be a new redevelopment location. The property sits on two famous streets in the San Diego beach area and is across the street from shops, dining, a Class A building selling for $2.4M in 1999. This is a rare opportunity for someone to purchase a prized location that has not been on the market in over 35 years. A must see! Exterior: ,,

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T09:45:17.993. 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 deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/94983395

    5220 Cass St CA 92109

    • Price: $3,500,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 190027553
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    County:
    San Diego
    Property Description
    Large corner Lot approx. 11,279 SF bordering La Jolla and North Pacific Beach only blocks from the ocean. This automotive tenant occupies the front lot with building consisting of four bays, an office and large fenced parking lot. The back residence has it's own address and frontage on adjacent street of Cass just south of La Jolla by a few blocks with 3 bedrooms and 1.5 bathrooms all recently renovated. The Lot abuts the back alley for a third access point. Both tenants have less than market value rents for a value add to new owner or could possibly be a new redevelopment location. The property sits on two famous streets in the San Diego beach area and is across the street from shops, dining, a Class A building selling for $2.4M in 1999. This is a rare opportunity for someone to purchase a prized location that has not been on the market in over 35 years. A must see! Exterior: ,,
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Country Us Gross Scheduled Income 59484.00 Insurance Expense 2764.00 Net Operating Income 30971.00 Operating Expense 26432.00 Property Sub Type Commercial/Residential Special Listing Conditions Hud Owned Total Expenses 28514.00 Total Monthly Rent 4957 Zoning Cc-4-2

    Listing provided courtesy of Lesha Montoya of Svn Asset Advisory Group and Jim Taylor of Taylor Investment Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T09:45:17.993. 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 deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604