Courtesy of eXp Realty of California Inc 858-258-7383
Property Description
Variance Granted. RARE OPPORTUNITY – 4 NEWLY CONSTRUCTED UNITS just 2 Blocks from the Ocean Beach Shoreline! Prime coastal investment in one of San Diego’s most desirable beach communities with a long history of high appreciation!! This is a turnkey, high-yield property. Ideal for savvy investors or owner-occupants looking to grow their wealth while living the dream – just steps away from the sand, surf, dining, and nightlife, and financed with income generated from the other 3 units. These four beautifully built, contemporary units, offer the ultimate blend of luxury, convenience, and location. All units feature washer & dryer, central heat & air, and stainless-steel appliances. 5 Designated Parking spots ! – a premium in this beachside community! High-demand rental area with consistent occupancy and excellent long and short-term rental potential. The actual scheduled income is all from long term rentals, but the projected scheduled income utilizes one of the units as a short-term rental as allowed. This property offers tremendous versatility – long- or short-term rentals, multi-generational living, house hacking (live in one, rent out the others), with low-maintenance design and top-tier rental appeal.. Ideal property for your 1031 exchange, and the seller will consider a single-family fixer, or property with ADU potential in trade. Units and current rents: 3bd, 2 ba – $5100/mo; 3bd, 2ba – 5000/mo; 2bd, 1ba – $3200/mo; and 1bd, 1ba – $2800 /mo. Total monthly rent = $15,550! Don’t miss your chance to own this high-performing modern coastal asset!
Open House
Property Details and Features
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Appliances & Equipment
- “Dishwasher”
- “Disposal”
- “Dryer”
- “Range/Oven”
- “Refrigerator”
- “Solar Panels”
- “Washer”
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Bathrooms
- 6 total bathrooms
- 6 full bathrooms
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Bedrooms
- 9 total bedrooms
- 9 possible bedrooms
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Building
- Built in 2024
- Building area total: 3000
- 1 story total
- Living area: 3000
- Living area units: Sqft
- Building area units: Sqft
- “Stucco”
- “1 Story”
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Community
- 4 units in community
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Cooling
- “Central Forced Air”
-
Fence
- “Full”
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Water Features
- Water source: “N/K”
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Heating
- “Forced Air Unit”
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Laundry
- “Gas”
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Listing
- Listing ID: 250026167
- List price: $3,100,000
- 111 days on market
- Listing contract date: 2025-04-12
- MLS area major: Coastal South
- Special listing conditions: “N/K”
- “Cash”
- “Conventional”
- “Exchange”
- “FHA”
- “VA”
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Location
- Subdivision: OCEAN BEACH
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Lot
- Size units: Acres
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Parking
- Total: 5
- “None Known”
-
Pool
- “N/K”
-
Property
- Property subtype: Detached
- Property type: Residential
- Zoning: R-4
-
Roof
- “Composition”
-
Sewer
- “Sewer Connected”
