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.
Property Type
ResidentialSubdivision
FallbrookCounty
San DiegoStyle
ResidentialAD ID
44501678
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 2
Bathroom Information
- Total Baths: 2
- Full Baths: 2
- Half Baths: 0
Interior Features
- Roof : Common Roof
- Interior Features: Main Level Primary
- Property Appliances: Dishwasher,Electric Cooking,Refrigerator
Cooling Features
- None
- Air Conditioning
Heating Source
- Electric,Radiant
- Has Heating
Fireplace
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1964
- Roof: Common Roof
Security Features
- Gated Community,Key Card Entry
Pool Features
- None
Laundry Features
- Common Area,None
Fencing
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2499
- Lot Size Source: Assessor
- Lot Size Square Feet: 10886
-
Listing Information
Listing Price Information
- Original List Price: 650,000
- Listing Contract Date: 2023-06-15
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4481510305
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
- Association: Yes
- Association Amenities: Hot Water
- Association Fee: 700
- AssociationFee Frequency: Monthly
- Calculated Total Monthly Association Fees: 700
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active Under Contract
- Source Neighborhood: 92107 - Ocean Beach
- Directions: Cross Street: Cable.
- Zoning: R-1:SINGLE
- Source Property Type: Residential
- Area: 92107 - Ocean Beach
- Property SubType: Condominium
Building and Construction
- Property Age: 61
- Structure Type: Condominium
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 948
- Entry Level: 1
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 05/09/2025 @ 21:18
- MLS: 230011560SD
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 2 bedrooms which is recently sold, it has 948 sqft, 10,886 sized lot, and 1 parking. are nearby neighborhoods.