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listing
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MultifamilySold
List Price $7,200,000
Sold Price $8,075,000
3833 Jewell St
San Diego, CA 92109
Listing Provided Courtesy of Lee & Associates
MLS: San Diego Multiple Listing Service (SDMLS)
15,008Sq Ft
Est. Mortgage
$37,265/mo

The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.

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Listing Courtesy of Lee & Associates. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 03/29/2024 07:59 AM
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