2635-39 Magnolia Ave, San Diego, CA 92109 - Berkshire Hathaway HomeServices California Properties

2635-39 Magnolia Ave, San Diego, CA 92109

$2,450,000 Approx. USD 0 beds, 0 baths
3,525 sqft

Listing Agent


Conor M Brennan
Lic#: 01918598
Broker: Courtesy of Marcus & Millichap

Agent Remarks

5.01% CAP RATE; THE HIGHEST MULTIFAMILY CAP RATE IN PB. We are pleased to present 2635-39 Magnolia Avenue, a fully renovated 5-unit complex in the highly popular Pacific Beach neighborhood of San Diego, CA. Resting near the end of a quiet col-de-sac, Magnolia features a desirable mix of four 2-bedroom /1-bath units and a single studio unit (affordable; 110% AMI). Of the four 2-bedrooms which range from 733 square feet to 750 square feet, one is a 2-story townhome. The studio is approximately 350 square feet. Units include their own in-unit washer/dryers, new vinyl plank flooring, wall-heaters, stainless steel appliances, new ceiling fans, refurbished and new cabinetry along with new kitchens and bathrooms. The complex was built in 1960 and totally restored with additional ADUs added in 2023-2024. The lot is approximately 6,185 square feet zoned RM-3-8 (1du per 800sf) with 3,525 square feet of improvements and four tandem parking spaces.

Listing Details

Property type: Com-Res Income (Multi-family)
Status: ACTIVE
MLS# 250024514
Price: $2,450,000
Beds: 0
Baths: 0
3,525 sqft
0.14 acres
Lot size: .25 Acres or less
County: San Diego
Construction: Stucco
Exterior features: Fully Landscaped,Part Fenced
Parking description: Spaces
Heating description: Wall
MLS area: PACIFIC BEACH (92109)

Last Updated: 4/16/2025

 Days On Market (DOM): 24

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This listing belongs to the PACIFIC BEACH (92109) MLS area

Lat/Long: 32.803705, -117.221832.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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