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$1,695,000
Est. payment /mo
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 250029471
Bedrooms 5
Year Built 1986
Property Sub-Type Res Income 2-4 Units
Property Description
Located in one of San Diego's most supply-constrained coastal markets, this 3-unit asset presents a rare opportunity to unlock value in the heart of Point Loma and Ocean Beach. The property includes two upgraded 2BD/1BA units and one unrenovated 1BD/1BA unit—providing immediate upside through renovation and market-rate leasing. Zoned RM-2-5 and featuring an attached garage, there's potential for ADU development or expanded living space, enhancing long-term yield. With current rents below market, investors can capitalize on repositioning through targeted improvements and optimized operations. Just blocks from the beach, this location benefits from strong tenant demand, walkable access to top-rated restaurants, retail, and schools, and proximity to Liberty Station, Point Loma, San Diego International airport, and downtown. Whether you're looking to live in one unit and rent the others or fully lease the property for consistent income, this is a high-performing coastal hold with strategic growth potential in a tight rental corridor.
Location
State CA
County San Diego
Area Coastal South
Zoning RM2-5
Interior
Heating Forced Air Unit
Cooling Wall/Window
Fireplace No
Exterior
Fence Full
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 449-102-05-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250029471
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Listed by Joseph D Silva CCG RE Investment Services Inc
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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