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4802 Orchard Ave

San Diego, CA 92107
  • $10,950,000
  • STATUS: ACTIVE
  • ON SITE: 87 Days
  • ID#: 240025298
UPDATED: 234 min ago
$10,950,000
  • 2
    BEDS
  • 0.33
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present 4802 Orchard Avenue, a 16-unit completely remodeled apartment complex just over a block from the beach in the highly desirable Ocean Beach neighborhood of San Diego, California. Composed of a very rare mix of all 2-bedroom / 1-bath units on a large 14,699 square foot lot, this 1961-built complex was fully renovated from 2021- 2022. All units are approximately 775 square feet resting within two mirror image 2-story structures. The building has received highest-end upgrades including all new interiors featuring top tier kitchens, bathrooms, washer/dryers and exterior rehab. Major interior plumbing work has been done and major electric work including re-wiring, sixteen 60-amp sub-panels and 600-amp main service newly purchased and installed. A pool at the center of the property was replastered in 2015. A pool room includes a new 100-gallon water heater and outdoor shower area next to the pool. 11 Off street parking spaces (8 of which are covered) rest at the rear of the property adjacent to 11 non-monetized storage spaces for tenants. Units are individually metered for SDG&E and master metered for water and tenants reimburse owner $50/month each for water usage.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/157135620
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4802 Orchard Ave San Diego, CA 92107

  • Price: $10,950,000
  • Status: ACTIVE
  • On Site: 87 Days
  • Updated: 234 min ago
  • ID#: 240025298
2
Beds
1
Baths
0
½ Baths
0.33
Acres
Neighborhood:
Ocean Beach (92107)
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
We are pleased to present 4802 Orchard Avenue, a 16-unit completely remodeled apartment complex just over a block from the beach in the highly desirable Ocean Beach neighborhood of San Diego, California. Composed of a very rare mix of all 2-bedroom / 1-bath units on a large 14,699 square foot lot, this 1961-built complex was fully renovated from 2021- 2022. All units are approximately 775 square feet resting within two mirror image 2-story structures. The building has received highest-end upgrades including all new interiors featuring top tier kitchens, bathrooms, washer/dryers and exterior rehab. Major interior plumbing work has been done and major electric work including re-wiring, sixteen 60-amp sub-panels and 600-amp main service newly purchased and installed. A pool at the center of the property was replastered in 2015. A pool room includes a new 100-gallon water heater and outdoor shower area next to the pool. 11 Off street parking spaces (8 of which are covered) rest at the rear of the property adjacent to 11 non-monetized storage spaces for tenants. Units are individually metered for SDG&E and master metered for water and tenants reimburse owner $50/month each for water usage.
Exterior Features

Carports 8 Construction Stucco Exterior Fully Landscaped Parking CarportsSpaces Parking Spaces Total 11 Roof Composition Units With Garages 0

Interior Features

Cooling Wall/Window Floor Coverings Vinyl Heating Wall Laundry Owned Sq Ft Of Improvement 12400 Stories 2 Story Unit Furnished1 No Units With Dishwashers 16 Units With Disposals 16 Units With Drapes 16 Units With Ranges 16 Units With Refrigerators 16

Property Features

1st Loan Balance 5250000 Actual Cap Rate 3.84 Actual Cash Flow 420249 Actual Cash On Cash .97 Actual Gross Operating Income 658373 Actual Gross Scheduled Income 667980.0 Actual Operating Expense 238124 Actual Total Pi Pay 365227 Actual Vacancy And Credit Loss 20039 Assumable Finance 0 Buildings 2 Complex Features BBQHeated Pool Existing Financing Conventional Financial Information Source Owner Fiscal Year From 23 Fiscal Year To 24 Gross Equity 10950000 Gross Multiplier 16.39 Have 16 units Leased Apartments 16 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 55665 Motive Want exchange Other Income Actual 10432 Other Income Amount 10432 Other Income Source RUBSPRK Present Loan 0 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric y Tenant Pays Gas y Tenant Pays Water n Unit Number1 16 Unit Rent Total1 55665 Unit Rent1 3479

San Diego MLS logo Listing provided courtesy of Conor Brennan of Marcus & Millichap: 720-841-8139. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110