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Property for sale: 5115 Saratoga in San Diego

5115 Saratoga San Diego

Main Photo: Property for sale: 5115 Saratoga in San Diego
$15,250,000 /1525000.0
Prop. Type:
Com-Res Income
MLS® Num:
220011978
Status:
Active
Ocean Beach Villas is a 10-unit luxury beach-front community located steps from the sand in the eclectic beach town of Ocean Beach, San Diego. Completed in 2015, Ocean Beach Villas were built as luxury ocean view condominiums with two and three-bedroom floor plans averaging nearly 1,400 SF. The units feature open floor plans, 9-foot ceilings, large terraces and upscale, condo-quality finishes. Bi-fold doors in every unit provide up to 17-feet of unobstructed ocean views, blurring the lines between indoor and outdoor living. The stepped-back design of the terraces allows all the units to have equally good views, while preserving privacy. Ocean Beach Villas offers investors the flexibility to operate the property as a luxury apartment community or sell the units as individual condominiums. The property has historically operated as a short term/Airbnb property, offering another successful investment strategy. Ocean Beach Villa’s modern architecture and design, unmatched ocean views, and immediate for-sale exit strategy offers a rare opportunity to capitalize on today’s favorable residential housing market fundamentals.
Price Per Unit:
1525000.0
County:
San Diego
Market Area:
Coastal South
Number of Units:
10
Unit Type:
Apartment
Gross Multiplier:
0.0
Gross scheduled income:
0.0
Operating expense:
0
Gross equity:
0
Motive / Want:
Cash Out
Financial Information Source:
Owner
Listing Type:
Exclusive Agency (A)
Complex Features:
Elevator
Parking:
Garages
Cooling:
Central Forced Air Elec
Heating:
Central Forced Air Elec
Construction Material:
Frame, Stucco
Floor finish:
Hardwood, Vinyl
Parcel Number:
448-010-18-00
Number of Units in Unit 1:
3
Bedrooms for Unit 1:
2
Bathroom 1:
2.5
Number of Units in Unit 2:
7
Bedrooms for Unit 2:
3
Bathroom 2:
3.0
Listed by Eric D. Comer, Broker
Data was last updated August 8, 2022 at 01:10 AM (UTC)
JAY BECKER
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 Multiple Listing Service, Inc. 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 © 2022 San Diego Multiple Listing Service, Inc.