San Diego, CA 92109,870 Diamond
San Diego, CA 92109,870 Diamond
San Diego, CA 92109,870 Diamond
$11,250,000
Est. payment /mo
$11,850,000
5.1%
Est.Price: ?

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0.29 Acres Lot
SOLD DATE : 07/11/2024

Key Details

Sold Price $11,250,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240012492

Sold Date 07/11/24

Lot Size 0.287 Acres

Property Description

Pleased to offer for sale, for the first time ever since its construction, 870 Diamond Street, a 22 unit apartment property located just 2 blocks from the beach in desirable Pacific Beach, within its coveted northwest quadrant. Attractive Seller Financing is offered with this sale. Built in 1972, held and meticulously maintained by the same family as its original architect and developer (Henry F. Bugenhagen) for over fifty years since, this is a very rare opportunity. The unit mix consists of: 13 x 1Br/1Ba units; 3 x 1Br/1.5Ba units; and 6 x 2Br/2Ba units, each with its own generously sized private patio or balcony, some with peek ocean views. There are twenty two (22) off-street parking spaces, six of which are covered. Many units have been updated with vinyl plank flooring in kitchens and bathrooms, newer cabinetry, quartz countertops, and newer white appliances (incl. dishwasher). The building is serviced by a central elevator, two stairwells, and there are multiple controlled access ground floor entry points. Each floor (3) has its own laundry room with owned equipment. Interior hallways have a fire monitoring system and fresh air duct system. Electricity for the building is separately metered, while gas is on a master meter that powers the central recirculating boiler and hot water tank.

Location

State CA

County San Diego

Area Pacific Beach (92109)

Zoning RM-1-1

Interior

Heating Radiant

Cooling Other

Flooring Vinyl, Other/Remarks

Laundry Owned

Exterior

Garage Carports, Spaces

Roof Type Tar & Gravel

Total Parking Spaces 22

Building

Story 3

Others

Acceptable Financing Cash, Owner May Carry 1st

Space Rent $578,220

Listing Terms Cash, Owner May Carry 1st

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San Diego Regional MLS (SDMLS)
Listed by Joseph A Burrough • Palma Commercial
Bought with Joseph A Burrough • Palma Commercial

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Francisco Lopez

+1(619) 268-8031

Team Leader | DRE / LIC # 02199906

Team Leader DRE / LIC # 02199906

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