4909 Orchard Ave #101 Back on Market Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92107
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Back on Market
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