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… Read More 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 Read Less
Listing Snapshot
Days Online
80
Last Updated
Property Type
Mixed Use
Lot Size
0.16 Acres
MLS Number
250035386SD
30 Days Snapshot Of 92107
$1.82M
+10%
(avg) sold price
18
-10%
homes sold
73
+15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Drywall, Frame, Stucco
Expenses
Operating expense: $63,585
Heating
WallFurnace
Income
Net operating income: $136,158
Lot
0.1607 acres, 7,000 square feet, Size: 7,000
Parking
9 totals parking
Property
Zoning: RM-2-4
Roof
Composition
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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