Listing provided courtesy of Erik Anderson of NorthMarq Multifamily. Last updated 2021-12-05 10:20:50.000000. Listing information © 2020 SANDICOR.
Asking Price: $3,750,000
4774-4780 Point Loma Blvd., San Diego CA 92107
Community: Coastal South
This Com-Res Income property was built in and is priced at $3,750,000. Please see the additional details below.
- 0 Sq Ft
- 1 bathrooms
- 2 bedrooms
- MLS#: 210032417
- Type: Com-Res Income
- Year Built:
Pleased to present a well-kept value-add 8-unit property for sale. 4774-4780 West Point Loma Boulevard is a luxury asset located in the highly sought-after Ocean Beach submarket. The property is well located directly at the entrance to Ocean Beach. Situated just over a half-mile from the Pacific Ocean, 4774-80 West Point Loma is within walking distance to all the eclectic neighborhood has to offer. Built in 1959, the property offers approximately 6,300 square feet of rentable square feet. Comprised of six, large two-bedroom one-bath units and two, one-bedroom one-bath units, the property provides select ocean views, and ample living space compared to standard apartments. The units enjoy updated plank flooring throughout, new white shaker cabinets, new stainless-steel appliances, granite countertops and all new bathrooms. Tenants enjoy incredible accessibility to the beach, dog beach, multiple parks, the Ocean Beach farmer’s market, and all the one-of-a-kind eateries the area has to offer while providing on-site laundry and off-street parking. There is a large underutilized storage room of 500-600/sf that could easily be converted into an ADU to increase cashflow. The complex offers investors the rare opportunity to be the owner of a stabilized asset in one of San Diego’s most desirable rental markets. Increased demand within Ocean Beach and neighboring submarkets will continue to keep vacancies at all time lows while offering steady rent increases for years to come.