4961-4967 Coronado Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$3,095,000 USD
858-859-1031
4961-4967 Coronado Ave, San Diego, CA for Sale
$3,095,000 USD
Apartments - FOR SALE
1/9
null | 4.33% Cap Rate

4961-4967 Coronado Ave
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Steps away from the Sunset Cliffs | 9 Parking Spaces For 8 Units
  • Upgraded Electrical
  • Newer Roof & Windows

OVERVIEW

South Coast Commercial is pleased to present 4961-67 Coronado Avenue, an 8-unit multifamily investment located in the heart of South Ocean Beach, one of San Diego’s most vibrant coastal neighborhoods. The property offers a highly coveted coastal location just 1 blocks from the Cliffs and features nine (9) off-street parking spaces - a rare commodity in this submarket. Comprised of eight (8) one-bedroom/one-bathroom units totaling approximately 3,280 SF of rentable building area, the property has undergone numerous recent upgrades, including electrical and roof improvements, dual-pane vinyl windows, and select unit renovations. Current in-place rents are strong, with further upside potential through additional upgrades or a strategic shift to short-term rental operations. This turnkey property is an ideal opportunity for investors seeking long-term appreciation and reliable coastal income in one of San Diego’s highest-demand rental corridors.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$944 USD /SF

# OF UNITS

8

PRICE/UNIT

$386,875

CAP RATE

4.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-2-4

APN/PARCEL ID

448-161-06

ASK ABOUT THIS PROPERTY

Kevin HemstreetSouth Coast Commercial, Inc.More Info
858-859-1031

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Kevin HemstreetSouth Coast Commercial, Inc.More Info
858-859-1031

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