San Diego, CA 92107,4909 Orchard Ave #101
San Diego, CA 92107,4909 Orchard Ave #101
San Diego, CA 92107,4909 Orchard Ave #101
San Diego, CA 92107,4909 Orchard Ave #101
San Diego, CA 92107,4909 Orchard Ave #101
San Diego, CA 92107,4909 Orchard Ave #101
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$ 650,000
Est. payment | /mo

2 Beds

2 Baths

948 SqFt


$ 650,000
Est. payment | /mo

2 Beds

2 Baths

948 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 948 sqft

Price per Sqft $685

Subdivision Ocean Beach

MLS Listing ID 230011560

Style All Other Attached

Bedrooms 2

Full Baths 2

HOA Fees $700/mo

HOA Y/N Yes

Year Built 1964

Lot Size 10,886 Sqft

Acres 0.25

Property 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.

Location

State CA

County San Diego

Community Ocean Beach

Area Ocean Beach (92107)

Building/Complex Name Sunset Towers

Zoning R-1:SINGLE

Rooms

Master Bedroom 13x11

Bedroom 2 11x11

Living Room 20x13

Dining Room 0x0

Kitchen 10x9

Interior

Heating Electric

Equipment Dishwasher, Refrigerator, Electric Cooking

Appliance Dishwasher, Refrigerator, Electric Cooking

Laundry Community

Exterior

Exterior Feature Wood/Stucco

Parking Features Assigned, Underground

Garage Spaces 1.0

View Ocean, Panoramic Ocean

Roof Type Common Roof

Total Parking Spaces 1

Building

Story 1

Lot Size Range 0 (Common Interest)

Sewer Sewer Connected

Water Public

Level or Stories 1 Story

Others

Ownership Condominium

Monthly Total Fees $700

Miscellaneous Elevators/Stairclimber,Other/Remarks

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Need SS- No Lender Knwldg

San Diego Regional MLS (SDMLS)
Listed by Rosemary McClary • Rowland Realty
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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4909 Orchard Ave #101