3833 Jewell St, San Diego CA 92109 | $7,200,000
- 0 bedrooms
- 0 bathrooms
- 0 Sq Ft
- 15008 Lot Sq Ft
- Stories: 0
- Year Built: 1962
- MLS#: NDP2111062
- Community: 92109 - Pacific Beach
Listing provided courtesy of Eric von Bluecher of Lee & Associates. Last updated 2021-10-14 08:11:07.000000. Listing information © 2021 SANDICOR.
The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.
Call or Text: 619.788.3056