Active

4909 Orchard Ave 101

San Diego CA, 92107

$650,000


$685.65 per sqft

Active

2 Beds

2 Baths

948 sqft

Condos

Built in 1964

Listed by Rosemary McClary with Rowland Realty 619-540-2727

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.

230011560SD

MLS ID

June 16, 2023

Listed

December 20, 2024

Updated

Map

4909 Orchard Ave 101
San Diego CA, 92107

Interior Features

Total Stories

1


Bedrooms

2


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Main Level Primary


Appliances

Dishwasher, Electric Cooking, Refrigerator


Laundry Description

Common Area, None


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric, Radiant

Exterior/Building Features

Lot Size

0.25 Acres


Roof

Common Roof

Other Property Details

Area Name

92107 - Ocean Beach


Days on Market

540


Association Fee

$700


Association Fee Frequency

Monthly


Association Amenities

Hot Water


Garage

Yes


Garage Spaces

1


Parking

Assigned


Parking Total

1


View

Yes


View Description

Ocean


County

San Diego


Water Source

Public


Pool

No


Pool Features

None


Zoning

R-1:SINGLE

Listing History

Date

Event

Price

12/13/2024

Active

10/7/2024

Price change

$650,000

-32%

2/27/2024

Under contract

9/7/2023

Active

9/4/2023

Pending

8/21/2023

Price change

$945,000

-10%

7/27/2023

Active

7/21/2023

Pending

7/11/2023

Price change

$1,050,000

-5%

Listing Contact: 619-223-1621 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/20/2024 at 1:40 PM UTC

 

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