8 UNITS OCEAN BEACH Rare Ocean Beach Investment Opportunity – Steps from the Cliffs An extraordinary investment opportunity in one of San Diego’s most coveted coastal neighborhoods. This exceptional South Ocean Beach property sits mere steps from the cliffs, offering investors an unparalleled combination of prime location, recent upgrades, and exceptional value. Property Highlights – Single Level Property ( No SB721 Requirement) – Parking, Parking, Parking !!! – Updated Electrical, (lower insurance premiums) – Incredibly low Cost to Operate Recent Capital Improvements – New Roof – Upgraded Electrical – Newer Windows Exceptional Land Value – 7,000 square-foot lot – End Cap Alley Access-rare find in coastal San Diego – Lot orientation allows for end cap access (ideal for tuck under parking) – More than one parking space per unit – a premium amenity in Ocean Beach – Significant development potential and long-term appreciation opportunity Unbeatable Cashflow Fundamentals: $361,875.00 per door 5+CAP with one rent increase – Turnkey units ready for immediate rental income – High-demand coastal location ensures strong rental market – Minimal capital expenditure required due to recent improvements
Property Details
Price:
$2,895,000
MLS #:
250035386SD
Status:
Active
Baths:
0
Address:
4961 Coronado
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92107oceanbeach
City:
San Diego
Listed Date:
Aug 4, 2025
State:
CA
ZIP:
92107
Schools
Interior
Heating
Wall Furnace
Exterior
Parking Spots
9.00
Roof
Composition
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4961 Coronado
San Diego, CA
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