Shorecrest Apartments

2125 Reed Ave,
San Diego, CA 92109-5546

 

$7,800,000
Offering Price
15.49
GRM
$390,000
Price Per Unit
20
Number of Units
4.16%
Cap Rate
10,960
Building SF
$7,800,000
Offering Price
15.49
GRM
$390,000
Price Per Unit
20
Number of Units
4.16%
Cap Rate
10,960
Building SF

Shorecrest Apartments

  • Prime Pacific Beach Location – Highly desirable coastal neighborhood near Mission Bay
  • Value-Add Opportunity – Potential for rent increases & property upgrades
  • Strong Rental Market – High occupancy rates & increasing rental demand
  • Close to Beach & Bay – Walking distance to Mission Bay, local shops, dining, and entertainment

  • Pacific Beach in San Diego is a young beach town with the attraction of the surf and sand by day and the lure of bars and restaurants by night. Located south of La Jolla and north of Mission Beach, this San Diego beach has a popular nightlife scene from dancing to drinking craft beers, which attracts a college-aged and young professionals crowd. San Diego Pacific Beach hosts a variety of different kinds of clubs and bars from the hip and trendy JRDN Lounge and Raw Bar to the low-key dive bar atmosphere found at Cass Street Bar and Grill.
  • In addition to the after hours scene, there are various family-friendly restaurants and plenty of activities for families and those just looking for a quiet getaway. San Diego Pacific Beach has beachfront property, from San Diego hotels to beach houses, within walking distance of the sand and sea. Keep an eye on the kids playing on the beach from the ocean view decks or treat yourself to a massage at the hotel spa. The Shorecrest Apartments are located within 5 miles of Sea World, Mission Bay Park, Old Town San Diego Historic District and Tecolote Canyon Natural Park & Nature Center
  • San Diego Pacific Beach is also the ideal spot to catch some waves on your surfboard or bodyboard, while children splash around in the water and build sand castles on the beach. San Diego Pacific Beach visitors are encouraged to try other water sports popular at the beach such as kayaking, sailing and paddle boarding. As for some physical activity on dry land, Pacific Beach has the Ocean Front Walk, which is a boardwalk that stretches parallel to the Pacific Ocean. The boardwalk is lined with shops and restaurants, and it is always filled with beach cruisers, joggers and skateboarders zooming along the strip. Garnet Avenue is another attraction in Pacific Beach, which is packed with boutiques providing everything from beach souvenirs to trendy clothing.
FOR MORE DETAILS CONTACT
Jordan Concepcion
Senior Vice President
(858) 461-9910
Jordan.Concepcion@ARG1031.com
01936834