San Diego, CA 92109 2635-39 Magnolia Ave
$2,450,000
19 more
Presented By: Conor M Brennan with Marcus & Millichap - 720-841-8139;
- MLS# 250024514
- 04/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 5
SQFT • 3,525
Home Details
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.
Presented By: Conor M Brennan with Marcus & Millichap - 720-841-8139;
Interior Features for 2635-39 Magnolia Ave
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths5
Other Interior Features
Air Conditioning Y/NNo
Basement[]
Common Walls[]
Fireplace Features[]
Fireplace Y/NNo
Flooring[u'Vinyl']
Heating Y/NNo
Interior Amenities[]
Laundry Features[]
Window Features[]
Other Rooms
Room Type[]
General for 2635-39 Magnolia Ave
Accessibility[]
Appliances[]
Architectural Style[]
Association Amenities[]
Association Fee Includes[]
Attached Garage No
Body Type[]
Building Area UnitsSqft
Business Type[]
Buyer Financing[]
Cap Rate5.01
Carport Spaces0.0
CitySan Diego
Community Features[]
Construction Materials[u'Fully Landscaped', u'Part Fenced']
Cooling[u'Wall/Window']
CountySan Diego
Current Use[]
Disclosures[]
Electric[]
FinancialDataSource[u'Owner']
FreeholdIDX
Green Building Verification Type[]
HOANo
Heating[u'Wall']
Lease Type[]
Levels[u'2 Story']
Living Area UnitsSqft
Lot Size UnitsAcres
MLS AreaCoastal South
ModificationTimestamp2025-06-13T15:25:31Z
New ConstructionNo
Number Of Units Total5
Operating Expense48832.0
Other Structures[]
Patio/Porch Features[]
Pets Allowed[]
Pool Features[]
Possession[]
Possible Use[]
Property Attached Y/NNo
Property Condition[]
Property SubtypeCom-Res Income
Property TypeResidential Income
Rent Includes[]
Roof[u'Composition']
Security Features[]
Senior Community Y/NNo
Sewer[]
Spa Features[]
Standard StatusActive
StatusACTIVE
Stories Count2
Structure Type[]
Tenant Pays[]
Total Actual Rent14495.0
Utilities[]
View[]
Virtual TourClick here
Year Built0
Exterior for 2635-39 Magnolia Ave
Building Area Total3525.0
Exterior Amenities[]
Fencing[]
Foundation Details[]
Frontage Type[]
Lot Features[]
Lot Size Area0.14
Number of Buildings3
Other Equipment[]
Parking Features[u'Spaces']
Skirt[]
Total Parking8.0
Water Source[]
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate