Excellent offering to purchase 5 prime units on a wide 7,500 SF lot in the heart of Ocean Beach! The desirable unit mix consists of Three 1-Bedroom Units (one detached house, two cottage-style apartments) and Two 2-Bedroom Units (one detached house, one apartment built over the designated parking spaces). Two… Read More of the units are currently vacant and ready for the new owner to rent, rehab, or convert to short-term rentals. Held in the same family trust for over 80 years, the property exudes a pride of ownership that is rarely found with multi-family units at the beach. The property maintains consistently high historical occupancy rates due to its convenient OB location, just three blocks from the beach and close proximity to the shops and restaurants on Newport Ave. There is significant value-add opportunity for a new owner to do selective unit upgrades, as well as a possible development opportunity to add ADU’s where rear parking is located. Read Less
Property listed by McKee Properties, Brendan McKee 619-435-7780
Listing Snapshot
Days Online
113
Last Updated
Property Type
Mixed Use
Lot Size
0.17 Acres
MLS Number
250001401SD
30 Days Snapshot Of 92107
$1.47M
-8%
(avg) sold price
7
-63%
homes sold
45
-39%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4 buildings
Lot
0.1722 acres, 7,500 square feet, Size: 7,500
Parking
5 totals parking
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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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