808-271-5252
4540-44 Ocean View Blvd, San Diego, CA for Sale
Apartments - FOR SALE
1/9
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4540-44 Ocean View Blvd
San Diego, CA 92113
Mountain View


HIGHLIGHTS

  • Attractive Seller Financing: 90% LTV with Interest Only Payments
  • Development Opportunity: Large 27,007 SqFt Lot
  • Strong Rental Upside: 30% Upside in Market Rents
  • Renovated Building Systems: New Electrical Panels and Sewer Lines
  • Located in an Opportunity Zone
  • 6 Off-Street Parking Spaces

OVERVIEW

CBRE is pleased to present 4540-4544 Ocean View Blvd, a renovated triplex with below-market rents on a very large lot that has additional development opportunity by right. The property features a unit mix of three (3) one-bedroom / one-bathroom cottages averaging approximately 490 square feet. Built in 1940, the property was constructed with pitched roofs and provides ample parking with 6 off-street spaces. The property has recently had the major systems updated including electrical panel upgrades and new sewer lines. The interior’s of two of the units have also been completely remodeled with new appliances and finishes. The building also currently sits in an Opportunity Zone. This property is offered with very attractive seller financing terms. The Seller is willing to provide up to 90% LTV, debt in the mid-5% range, with interest only payments. All terms are open to negotiation. The Seller is open to offers of all structures and will be open to Joint Venturing with a Buyer if they would like to execute their development plan. Mountain View continues to attract investor interest due to its affordability, strong community identity, and proximity to transit. The property sits a short distance from the 47th Street Trolley Station, a stop on the MTS Orange Line providing direct access to Downtown San Diego. Major roadways nearby include Imperial Avenue, National Avenue, and Market Street, with the 805 Freeway accessible from Imperial Avenue, offering convenient connectivity to surrounding neighborhoods such as Logan Heights, Southcrest, and Lincoln Park. Residents enjoy access to local amenities including Neal Petties Mountain View Community Park and the Mountain View Community Center on South Boundary Street, along with nearby shopping at the Imperial Marketplace and Northgate Market at Southcrest Park Plaza. The area is also served by multiple bus routes including the 3, 4, 11, and 955, enhancing mobility throughout Southeastern San Diego. With Southeast San Diego’s growing population, low vacancy rates, and increasing demand for affordable, well-located rental housing, 4540-4544 Ocean View Blvd presents an excellent opportunity for investors seeking a property with strong fundamentals and development potential

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

3

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

RM-1-1

APN/PARCEL ID

547-440-39-00

ASK ABOUT THIS PROPERTY

808-271-5252

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808-271-5252

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