4928 Coronado Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$3,950,000 USD
619-309-9559
4928 Coronado Ave, San Diego, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/8
null | 3.29% Cap Rate

4928 Coronado Ave
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Rare 9 Unit Residential Income Investment Property, Ocean Beach- Steps to the Santa Cruz Beach-Well Maintained Property,
  • From beach fun filled days, to wonderful sunsets, Property well located, Blocks to the Business district, The Community offers so many activities,
  • Tenant Parking! 4 Carports and 5 spaces, Laundry on Site, spacious units, Courtyard, Alley Access

OVERVIEW

Presenting a rare coastal investment opportunity at 4928 Coronado Avenue — a 9-unit residential community ideally situated in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107. Just one block from the ocean, this well-cared-for property offers effortless beach access, placing residents in the heart of one of San Diego's most energetic and desirable coastal lifestyles. With rents offering meaningful upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand that this irreplaceable beach location commands. The property features off-street parking, common laundry facilities, and mature landscaping, providing residents with comfort and convenience in an unbeatable setting. Step outside and enjoy the invigorating salt air, world-class sunsets, and the legendary Ocean Beach vibe — with Newport Avenue's eclectic dining, boutique shops, local events, and endless beach activities all just blocks away. A true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Proudly offered by JP Equity Real Estate. The current owners have been generous stewards of their tenants, holding rents conservatively averaging 30% below prevailing market rates. One-bedroom units running $1,800–$1,900 against a market of $2,495–$2,595, and two-bedroom units at $2,500–$2,600 against a market of $3,095–$3,195.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$679 USD /SF

# OF UNITS

9

PRICE/UNIT

$438,889

CAP RATE

3.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-2-4

APN/PARCEL ID

448-162-11

ASK ABOUT THIS PROPERTY

Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

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Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

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