CONTINGENT at Sunset Towers: 4909 Orchard Ave #101, San Diego, CA 92107. 2-bedroom 2-bath, 948 sf, 1964 OCEAN BEACH $650,000 begin new search
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Overview

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.

Address 4909 Orchard Ave

Unit# 101


San Diego, CA 92107
Listing Status CONTINGENT
Asking Price $650,000
Original Listing $1,100,000 @ 2023-06-15
Short Sale Yes
Terms Cash
Days on MLS 670
Ownership
Age Restriction N/K
Property Type Condominium
Total Units 15 building / 15 complex
Property Restrictions CC&R's,Coastal Commission
Sales Restrictions Need SS- No Lender Knwldg
Mello-Roos Fee $0
HOA Fee $700 Monthly
HOA Fee Includes Common Area Maintenance, Hot Water
Rooms
Master Bdrm 2, MBR Entry Level, Kitchen, Living Room, Entry
Square Footage 948 sf
Bedrooms 2 + 0 optional
Full Bathrooms 2
Family Room 0x0
Living Room 20x13
Dining Room 0x0
Kichen 10x9
Master Bedroom 13x11
2nd Bedroom 11x11
Location
Directions Not Provided
Cross Street Cable
Market Area Coastal South
Community Area OCEAN BEACH
Neighborhood ocean beach
Complex Sunset Towers
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 448-151-03-05
Zoning R-1:SINGLE
Geographic Areas

Community College District: San Diego CC

School District: San Diego Unified

Zip Code: 92107

Highway Locator

West of I-15

West of I-5

West of I-805

West of SR-163

South of SR-78

Ocean Distance 0.0 miles
Features
Year Built 1964
Laundry Location Community
Elevator Not Listed
Cooling N/K
Heating Electric Radiant
Sewer/Septic Sewer Connected
Fireplaces 0 (N/K)
Security Gated Community, Card/Code Access
Equipment Dishwasher, Refrigerator, Electric Cooking
Miscellaneous Elevators/Stairclimber, Other/Remarks
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR San Diego Association of REALTORS (SDAR)
MLS Number 230011560
Courtesy of Rowland Realty
Exterior
Style All Other Attached 1 Story
Material Wood/Stucco
Floor Level 1 of 3
Lot Size 0 (Common Interest) ~ 10,886 sf
Fencing N/K
Topography Other/Remarks
Roof Common Roof
Swimming Pool N/K
Patio Balcony
Parking
Assigned
Underground
Total Spaces: 1
Garage Spaces: 1
Non-Garage Spaces: 0 - None Known
View Ocean, Panoramic Ocean
Unit Location End Unit,1 common wall