2165 Ocean Vw Blvd 93 San Diego, CA 92113-1240

This exceptional mixed-use investment property, located at 2165 Ocean View Blvd and 414 Sampson St in San Diego's vibrant Barrio Logan neighborhood (zip code 92113), presents a compelling opportunity for discerning investors. The property consists of eight separate structures encompassing a diverse mix of 32 units, including apartments, studios, and retail spaces, totaling 18,202 square feet on a 0.64-acre lot. Built in 1945, this two-story, Class C building currently boasts a 97% occupancy rate, generating a Net Operating Income (NOI) of $327,405, representing a 5.12% capitalization rate. However, a pro-forma analysis projects a significantly improved NOI of $454,969 and a 7.11% capitalization rate, reflecting substantial upside potential through cosmetic upgrades and proactive management. The property includes 25 parking spaces and is zoned RM-2-5. Recent capital improvements include new roofing, fencing, and modern security systems. An attractive assumable Freddie Mac loan is available with a balance of $3,216,000, featuring an interest-only rate of 3.44% through 2031. This presents a unique opportunity to acquire a well-located, income-producing asset with significant potential for value appreciation in a rapidly evolving San Diego submarket. The asking price is $6,400,000, with a price per unit of $200,000 and a price per square foot of $351.61. The property's APN is 538-380-13-00.