Courtesy of eXp Realty of California, Inc.
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
-
Building
- 1 story
- 3,000 estimated square feet
- Source: Builders Brochure
- Built in 2024
- 4 units in complex
-
Bathrooms
- 6 full bathrooms
- 6 total bathrooms
-
Bedrooms
- 9 bedrooms
- 9 total bedrooms
-
Second Bedroom
- 0x0 square feet
-
Third Bedroom
- 0x0 square feet
-
Fourth Bedroom
- 0x0 square feet
-
Fifth Bedroom
- 0x0 square feet
-
Cooling
- Central Forced Air
-
Dining Room
- 0x0 square feet
-
Exterior Features
- Stucco
-
Fence
- Full
-
Family Room
- 0x0 square feet
-
Heating
- Forced Air Unit
- Natural Gas
-
Kitchen
- Kitchen is 0x0 feet
-
Laundry
- Closet Stacked
- Gas
-
Listing
- Source: SDMLS
- For Sale
- 46 days on market
- Listed on 2025-04-11
-
Location
- Community: Ocean Beach
- County: San Diego
-
Lot
- 4,000-7,499 SF
-
Living Room
- 0x0 square feet
-
Primary Bedroom
- 0x0 square feet
-
Garage
- None Known
-
Parking
- 5 non-garage parking spaces
- 5 total parking spaces
- Non-Garage Parking: Assigned
-
Property
- Exclusive use yard
-
Roof
- Composition
-
Sewer
- Sewer Connected
