4909 Orchard Ave #101 Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92107
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 230011560SD
Bedrooms 2
Full Baths 2
Condo Fees $700
HOA Fees $700/mo
HOA Y/N Yes
Year Built 1964
Lot Size 10,885 Sqft
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
Area 92107 - Ocean Beach
Building/Complex Name Sunset Towers
Zoning R-1:SINGLE
Interior
Interior Features Main Level Primary
Heating Electric,Radiant
Cooling None
Fireplace No
Appliance Dishwasher,Electric Cooking,Refrigerator
Laundry Common Area,None
Exterior
Parking Features Assigned
Garage Spaces 1.0
Garage Description 1.0
Fence None
Pool None
Community Features Gated
Amenities Available Hot Water
View Y/N Yes
View Ocean
Roof Type Common Roof
Total Parking Spaces 1
Private Pool No
Building
Story 1
Entry Level One
Water Public
Level or Stories One
New Construction No
Others
HOA Name Sunset Towers
Senior Community No
Tax ID 4481510305
Security Features Gated Community,Key Card Entry
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Short Sale