Excellent offering to purchase 5 prime units on a wide 7,500 SF lot in the heart of Ocean Beach! The desirable unit mix consists of Three 1-Bedroom Units (one detached house, two cottage-style apartments) and Two 2-Bedroom Units (one detached house, one apartment built over the designated parking spaces). Two of the units are currently vacant and ready for the new owner to rent, rehab, or convert to short-term rentals. Held in the same family trust for over 80 years, the property exudes a pride of ownership that is rarely found with multi-family units at the beach. The property maintains consistently high historical occupancy rates due to its convenient OB location, just three blocks from the beach and close proximity to the shops and restaurants on Newport Ave. There is significant value-add opportunity for a new owner to do selective unit upgrades, as well as a possible development opportunity to add ADU’s where rear parking is located.
Property Details
Price:
$1,995,000
MLS #:
250001401SD
Status:
Active
Baths:
0
Address:
4845 Long Branch Ave
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92107oceanbeach
City:
San Diego
Listed Date:
Jan 16, 2025
State:
CA
ZIP:
92107
Schools
Interior
Exterior
Parking Spots
5.00
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