5116 W Point Loma Blvd San Diego, CA 92107
UPDATED:
Favorite
1599000
/mo

4 Beds

3 Baths

1064 SqFt

when would you like to view

this property?

ASAP

Please select your preferred date.

Glen Henderson

Schedule an obligation free tour to see this property

Key Details

Property Type: Multi-Family

Year Built: 1956

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 190034102

Price per Sqft: $1,502

Type of Financing: Cal Vet,Cash,Conventional,Exchange

Property Description

Rare opportunity to acquire a multifamily investment with favorable zoning in an excellent Ocean Beach location. 5116 W Point Loma Blvd consists of 3 units with (1) Two-Bedroom, One-Bathroom Apartment Downstairs and (2) One-Bedroom, One-Bathroom Apartments Upstairs. The property zoning consists of both RM 4-10 (Multiple Family Residential) and RM 5-12 (Visitor Accommodations). - See Supplement for Full Description
The property was built in 1956 and sits on the site of the old Wonderland Amusement Park which opened in 1913 and played a large role in growing the popularity of Ocean Beach. The property backs up to the tidal marsh of the San Diego River Estuary where it meets the Pacific. The property offers excellent views of the Ocean, Sea World Fireworks, Boat Channel and Mission Beach. The current owners purchased the property in 1995 with deferred maintenance. Since their ownership, they have remodeled the downstairs two-bedroom apartment with a new kitchen, new bathroom, polished concrete floor and a utility room with washer and dryer hookups. The upstairs units have new flooring, updated kitchen, and laundry. All units have wall A/C units, new in 2017.

Location

State: CA

County: San Diego

Community: Ocean Beach

Area: Ocean Beach (92107)

Building/Comlex Name: OB

Rooms

Full Baths: 3

Interior

Cooling: Wall/Window

Air Conditioning: Wall/Window

Exterior

Exterior Feature: Stucco

Fence: Full

Roof Type: Composition

Building

Story: 2 Story

Lot Size Range: 1-3999 SF

Schools

Elementary Schools: Ocean Beach Elementary School,Dana Middle School

Middle Schools: Correia Middle School

High Schools: Point Loma High School

School District: San Diego City Unified School District

Others

Senior Community: no

Acceptable Financing: Cal Vet,Cash,Conventional,Exchange

Read More Info

Read Less Info

Listing Provided By Adam Cairo (CA BRE #01948040) of South Coast Commercial, Inc.

Read More Info

Read Less Info

Nearby School & Properties

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

Property History

Date Event Price Source

    Neighborhood Demographic

    Similar Homes Unlike ?

    Get More Information


    Glen Henderson Big Block Realty, Inc
    Glen Henderson

    Broker Associate CA BRE # 01384181

    We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

    Glen Henderson Chat Now

    Hello