Homes for sale - 4909 Orchard Ave #101, San Diego, CA 92107

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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$650,000

Est. payment - /mo

2 Beds

2 Baths

948 SqFt

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UPDATED:

12/20/2024 01:04 PM

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

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Listed by Rosemary McClary • Rowland Realty

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

4909 Orchard Ave #101 San Diego, CA 92107

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others