For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Joseph A Burrough • Palma Commercial
GET MORE INFORMATION
Francisco Lopez
Team Leader | DRE / LIC # 02199906
Team Leader DRE / LIC # 02199906