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$ 1,711,600
$ 1,995,000 14.2%
Est. payment | /mo
$ 1,711,600
$ 1,995,000 14.2%
Est. payment | /mo
Key Details
Sold Price $1,711,600
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250001401SD
Sold Date 05/05/25
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Excellent offering to purchase 5 prime units on a wide 7,500 SF lot in the heart of Ocean Beach! The desirable unit mix consists of Three 1-Bedroom Units (one detached house, two cottage-style apartments) and Two 2-Bedroom Units (one detached house, one apartment built over the designated parking spaces). Two of the units are currently vacant and ready for the new owner to rent, rehab, or convert to short-term rentals. Held in the same family trust for over 80 years, the property exudes a pride of ownership that is rarely found with multi-family units at the beach. The property maintains consistently high historical occupancy rates due to its convenient OB location, just three blocks from the beach and close proximity to the shops and restaurants on Newport Ave. There is significant value-add opportunity for a new owner to do selective unit upgrades, as well as a possible development opportunity to add ADU's where rear parking is located.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Interior
Fireplace No
Exterior
Total Parking Spaces 5
Others
Tax ID 4483212200
Financing Cash
Listed by Brendan McKee McKee Properties
Bought with Angelo La Bruna Apartment Realty Group (ARG)
Bought with Angelo La Bruna Apartment Realty Group (ARG)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "