5137 Muir St - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$3,300,000 USD
720-841-8139
5137 Muir St, San Diego, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/9
null | 4.8% Cap Rate

5137 Muir St
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Prime Ocean Beach Location | Walkable Coastal Neighborhood
  • 10-Unit Multifamily Property Built in 1949
  • Efficient Unit Mix | 8 Studios & 2 One- Bedroom Units
  • Estimated Walk Score® of 87 (“Very Walkable”)
  • Steps from Ocean Beach, Newport Avenue Dining & Retail

OVERVIEW

We are pleased to present 5137-41 Muir Avenue, a 10-unit multifamily property ideally located in the heart of Ocean Beach, one of San Diego’s most desirable and supply-constrained coastal neighborhoods. Originally constructed in 1949, the property offers investors the opportunity to acquire a well-located asset with strong in-place rental demand, desirable smaller-unit floor plans, and long-term appreciation potential driven by Ocean Beach’s irreplaceable coastal location. The property consists of eight (8) studio / one-bath units and two (2) onebedroom / one-bath units, providing an efficient unit mix that appeals to a broad renter demographic seeking attainable coastal housing. Select units have been renovated with updated interiors, while the property offers attractive outdoor amenities including a shared BBQ area, outdoor fireplace, landscaped common areas, and ample off-street parking. Positioned just a short walk from Ocean Beach, Newport Avenue’s vibrant collection of restaurants, cafés, breweries, and neighborhood retail, the property offers an exceptional walkable coastal lifestyle. The asset benefits from an estimated Walk Score® of approximately 87 (“Very Walkable”), allowing residents to complete most daily errands without a vehicle while enjoying immediate access to beaches, parks, and public transit. Ocean Beach continues to experience exceptionally strong rental demand due to limited new development, restrictive coastal zoning, and its unique blend of neighborhood character and beachfront amenities. These market fundamentals position 5137-41 Muir Avenue as a compelling coastal investment opportunity offering stable cash flow, long-term value appreciation, and future upside within one of San Diego’s most tightly held rental markets.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$1,288 USD /SF

# OF UNITS

10

PRICE/UNIT

$330,000

CAP RATE

4.8%

% 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

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM-2-4, San Diego

APN/PARCEL ID

448-043-21,448-043-22,448-043-23

ASK ABOUT THIS PROPERTY

720-841-8139

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720-841-8139

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