4918 Del Monte Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$1,898,008 USD
858-663-4576
4918 Del Monte Ave, San Diego, CA for Sale
$1,898,008 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

4918 Del Monte Ave
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • First time on the market since 1986, held by one family for forty years.
  • Three detached 1BR/1BA cottages on a single 6,290 SF alley-access lot.
  • $302 per land SF — roughly 31% below the median of the comparable set.
  • One cottage planned to be delivered vacant at the close of escrow.
  • Each cottage has its own entrance, private yard, in-unit laundry and on-site parking.
  • Walk Score 89 ® — OB Pier, Dog Beach, Sunset Cliffs and Newport Avenue on foot.

OVERVIEW

The Del Monte Cottages | Three Detached Cottages on 6,290 SF | First Offering Since 1986 The Del Monte Cottages sit on the quiet residential south end of Ocean Beach, walking distance to the bluffs of Sunset Cliffs Natural Park in one direction, and to the energy of Newport Avenue in the other, without living on top of either. This is one of the few remaining stretches of coastal San Diego where detached cottages still exist in this form on a 6,290 square-foot alley-access lot. Leave the car at home: Boasting an 89 Walk Score® puts the OB Pier, tide pools, and Dog Beach within easy reach, with everyday groceries at Stump's Market and the OB People's Food Co-op, the Wednesday Farmers Market. and bike to Target. OB’s flat street grid connects the boardwalk to Newport Avenue’s antique shops, murals, and eclectic eateries, plus a lively brewery scene (Sunshine Company Saloon, Kilowatt Brewing, Mike Hess Brewing, Pizza Port) within walking distance. alongside a walkable brewery and bar scene for tenants who want nightlife nearby but not next door. Built in 1937 and held by one family for four decades, the single-story 1B/1BA cottages sit front to back, each with its own entrance, private yard, in-unit laundry, and on-site parking. A two-car garage between the front and middle cottages brings total structural square footage to 2,126 SF. At $302/land SF, this property sits roughly 31% below the comparable median, offering a prime value-add opportunity to renovate or maximize cash flow by adding units under the City's favorable multi-family ADU regulations. One cottage is planned to be delivered vacant at the close of escrow. PROPERTY SOLD AS IS, IN ITS CURRENT CONDITION. Escrow + Title Sellers Choice. TENANT OCCUPIED, DO NOT DISTURB OR WALK ON PRIVATE PROPERTY. SHOWING OF PROPERTY ONLY with ACCEPTED OFFER + verified POF; inspections follow acceptance, during the contingency period. Email all Offers to info@whollycreation.com. All information provided by Seller and from sources deemed reliable but not guaranteed or verified by Broker or Seller; Broker not liable for Seller-provided information. Buyer to complete own verification and due diligence. The Seller has self managed the property. CONTACT LISTING AGENT EMAIL info@whollycreation.com or TEXT 858-652-1446 WITH ADDITIONAL QUESTIONS.

FOR SALE DETAILS

PRICE

$1,898,008 USD

PRICE/SF

$893 USD /SF

# OF UNITS

3

PRICE/UNIT

$632,669

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Del Monte Cottages

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,294 SF

ZONING

-

APN/PARCEL ID

448-172-10-00

ASK ABOUT THIS PROPERTY

Danny FitzgeraldWholly Creation IncMore Info
858-663-4576

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Danny FitzgeraldWholly Creation IncMore Info
858-663-4576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.