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Listed by Kenneth Herskind • Top Gun CRE
$ 125,000
Est. payment | /mo
9 Beds
9 Baths
5,757 SqFt
$ 125,000
Est. payment | /mo
9 Beds
9 Baths
5,757 SqFt
Key Details
Property Type Single Family Home
Sub Type Timeshare
Listing Status Active
Purchase Type For Sale
Square Footage 5,757 sqft
Price per Sqft $21
MLS Listing ID 8P-2506126
Bedrooms 9
Full Baths 9
HOA Fees $6,846
Year Built 1971
Property Sub-Type Timeshare
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Located at 4767 Ocean Boulevard in Pacific Beach, the Capri By The Sea timeshare offering is a fantastic opportunity for a short-term rental investor to capitalize on a total of six weeks of luxury condominium timeshares in a single transaction. All six timeshares offer unobstructed, ocean views and sounds of crashing waves with floor-to-ceiling windows, breathtaking sunsets, private outdoor balconies to enjoy the fresh ocean breezes, full kitchens, and direct access to the ocean. The property is also steps away from Crystal Pier in Pacific Beach as well as plenty of nearby restaurants, shopping, and all the outdoor activities that Pacific Beach and Mission Bay has to offer vacationing guests. The Capri By The Sea property itself also provides on-site amenities such as a parking garage, an outdoor heated pool, hot tub, 24-hour security, free WiFi, business center, and rooftop grills. An investor in this transaction specifically is will purchase six APNs that come along with these timeshares, oceanfront ownership, property depreciation, no management fees, no maintenance expenses, and no cleaning fees. Estimated annual income of $16,800 / year which includes the 2-bedroom units renting for a projected $500 / night and the 1-bedroom units renting for a projected $300 / night. Total expenses for all 6 timeshares are estimated at $7,346 / year which derive from a total HOA fee of approximately $6,846, / year plus property taxes at $500 / year. There is also a San Diego vacation rental fee of $125 / week to consider for Airbnb operations. Unit APNs 415-521-41-52, 415-521-33-10, 415-521-34-18, 415-521-41-03, 415-521-34-15, 415-521-40-04
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Zoning CV-1-2
Interior
Cooling Central Air
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 6.0
Pool Association
Community Features Sidewalks
View Y/N Yes
View Ocean, Panoramic
Building
Sewer Public Sewer
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2506126