$3,450,000 USD
619-316-5036
4930 Santa Monica Ave
San Diego, CA 92107
Ocean Beach
HIGHLIGHTS
- Excellent unit mix of seven 2-bed/1-bath units (~890 SF) and one 1-bed/1-bath (~740 SF)
- One block from the beach, one block to Newport Avenue’s dining and entertainment corridor, and two blocks to Ocean Beach Elementary
- Strong current rents
- Priced at $495/SF, approximately 13% below recent sales comps averaging $569/SF
OVERVIEW
Eight unit coastal apartment community with strong current rents. Excellent unit mix of seven 2-bed/1-bath units (~890 SF) and one 1-bed/1-bath (~740 SF), all larger than the Ocean Beach norm. Recently updated exterior paint, newer windows. One block from the beach, one block to Newport Avenue's dining and entertainment corridor, and two blocks to Ocean Beach Elementary.
FOR SALE DETAILS
PRICE
$3,450,000 USD
PRICE/SF
$495 USD /SF
# OF UNITS
8
PRICE/UNIT
$431,250
CAP RATE
4.97%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1959
PARKING SPACES
5
LAND DETAILS
LAND ACRES
0.16 AC
LAND SF
7,000 SF
ZONING
CC-4-2
APN/PARCEL ID
448-192-09
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619-316-5036
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619-316-5036
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