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4909 Orchard Ave 101
San Diego, CA, 92107
$650,000
2 Beds
2 Baths
948 SqFt
0.25 Acres
MLS #230011560SD img 0
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 Details

Price:
$650,000
MLS #:
230011560SD
Status:
Active
Beds:
2
Baths:
2
Address:
4909 Orchard Ave 101
Type:
Condo
Subtype:
Condominium
Subdivision:
Ocean Beach
Neighborhood:
92107oceanbeach
City:
San Diego
Listed Date:
Jun 15, 2023
State:
CA
Finished Sq Ft:
948
ZIP:
92107
Lot Size:
10,886 sqft / 0.25 acres (approx)
Year Built:
1964
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Thank you for visiting my website. I am Leanne Lager. I have been lucky enough to call north county my home for over 22 years now. Living in Carlsbad has allowed me to live the lifestyle of my dreams. I graduated CSUSM with a degree in Communications which has allowed me to utilize my passion for both working with people and real estate. I am motivated by connecting my clients with the lifestyle of their dreams. I joined Turner Real Estate based in beautiful downtown Carlsbad Village and found …

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Schools

Interior

Appliances
Dishwasher, Refrigerator, Electric Cooking
Cooling
None
Heating
Electric, Radiant

Exterior

Association Amenities
Hot Water
Fencing
None
Garage Spaces
1.00
Parking Features
Assigned
Parking Spots
1.00
Pool Features
None
Roof
Common Roof
Security Features
Gated Community, Card/ Code Access
Stories Total
1
View
Ocean
Water Source
Public

Financial

Association Fee
700.00
HOA Name
Sunset Towers

Map

Community

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4909 Orchard Ave 101
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