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9 photos
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$2,895,000
Est. payment /mo
8 Beds
3,280 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $882
MLS Listing ID 250035386
Bedrooms 8
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
8 UNITS OCEAN BEACH Rare Ocean Beach Investment Opportunity - Steps from the Cliffs An extraordinary investment opportunity in one of San Diego's most coveted coastal neighborhoods. This exceptional South Ocean Beach property sits mere steps from the cliffs, offering investors an unparalleled combination of prime location, recent upgrades, and exceptional value. Property Highlights - Single Level Property ( No SB721 Requirement) - Parking, Parking, Parking !!! - Updated Electrical, (lower insurance premiums) - Incredibly low Cost to Operate Recent Capital Improvements - New Roof - Upgraded Electrical - Newer Windows Exceptional Land Value - 7,000 square-foot lot - End Cap Alley Access-rare find in coastal San Diego - Lot orientation allows for end cap access (ideal for tuck under parking) - More than one parking space per unit - a premium amenity in Ocean Beach - Significant development potential and long-term appreciation opportunity Unbeatable Cashflow Fundamentals: $361,875.00 per door 5+CAP with one rent increase - Turnkey units ready for immediate rental income - High-demand coastal location ensures strong rental market - Minimal capital expenditure required due to recent improvements
Location
State CA
County San Diego
Community None, Other/Remarks
Area Coastal South
Zoning RM-2-4
Interior
Heating Wall
Cooling None
Flooring Wood
Fireplace No
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Building
Story 1
Others
Tax ID 448-161-06-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250035386
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Listed by Kevin Hemstreet South Coast Commercial, Inc.
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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