4909 Orchard Ave #101

San Diego, CA 92107
$650,000
948 sqft | 2 beds | 2 baths | 0.25 acres | #230011560SD
Courtesy of Rowland Realty
For Sale

Description

Building is undergoing extensive repairs and upgrades. Just had a $75,000 assessment and expects as much as $168,000 more beginning February 1, 2025. Payable over 14 months. Cash buyers only unless buyer has special arrangement with lender. Unit has a reverse mortgage balance of approximately $1,000,000 and need a short sale to close. Note: $104,220+/- for unpaid assessments. Building has been "red flagged" by the City of San Diego. Paul Bell’s mother owns unit 304 so Paul has been appointed to manage our building renovation because he has extensive experience in running development projects. We spoke yesterday and I asked him to give me an update so all can plan. He said the garage wall construction was delayed due to trying to find the low cost and best approach but now it is on track to hopefully start in a month or two. At this point, it looks like parking restrictions will happen during the construction. I will keep you informed. As for the remaining and challenging improvements to be done include: replacing most of the stucco, repair the staircase, repair the walkways, repair the balconies/windows/doors and replace the electrical panel plus beautifying the front of the building etc.I believe and our contractor/permit advisor believe the best approach to get all the work done at the lowest and quickest cost is to close the building for 3-4 months which would be a hardship for all. We are required to get city and coastal permits so it would be best to submit the entire plan but not include our coastal bluff. The permits will take 7-12 months to get approvals before construction could start. As a result, the most conservative estimate is that the building would be closed January thru April 2025, possibly May. Remember, it’s all a best guess projection at this time.
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  • Property Details
      • Interior:MainLevelPrimary
      • Bedrooms:2
      • Bathrooms:2
      • Full Baths:2
      • View:Ocean
      • Stories:1
      • Acres:0.2499
      • Square Feet:948
      • Parking spaces:1
      • Property type:Purchase
      • Year built:1964
      • Utility source:Public
      • Subdivision:Ocean Beach
      • County:San Diego
      • Original List Price:$1, 100, 000
      • Hoa fees:700
      • MLS #:230011560SD
      • Cost:650000
      • Property subtype:Condominium
      • MLS #:230011560SD

Location

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Last Updated: . Source: CRMLS

Listing Courtesy
Listing Agent: Rosemary McClary
Listing Office: Rowland Realty

The Alcantara GroupReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information