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Key Details
Sold Price $2,859,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 260003642
Sold Date 05/18/26
Bedrooms 9
Full Baths 6
Year Built 1930
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,FHA,VA
Property Type Res Income 2-4 Units
Property Description
RARE OPPORTUNITY – 4 Newly Constructed Units Just 3 Blocks from the Ocean in Ocean Beach Exceptional coastal investment opportunity generating $15,592 per month ($187,104 annually) in rental income. Projected income with 4922 Muir Ave, short term rental ($238,800). Located in one of San Diego's most desirable beach communities with a proven history of strong appreciation, this turnkey property offers immediate cash flow with long-term upside. The property features four newly built contemporary units thoughtfully designed for low maintenance and strong rental appeal. Each unit offers its own private yard, in-unit washer and dryer, central heating and air conditioning, and stainless-steel appliances. The property also includes five designated parking spaces, EV charging, and paid solar—rare and highly desirable amenities in this beachside location. Just steps from the sand, restaurants, and local shops, the property benefits from consistent rental demand. Current income is from long-term tenants, with potential upside through short-term rental opportunities (buyer to verify). Ideal for investors, 1031 exchange buyers, or owner-occupants seeking a house-hacking opportunity—live in one unit and offset expenses with rental income from the others. Seller may consider a trade for a single-family fixer or property with ADU potential. A modern, income-producing coastal asset in a premier Ocean Beach location.
Location
State CA
County San Diego
Area Coastal South
Zoning R-4
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
Fence Full
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
Roof Type Composition
Building
Story 2
Water Meter on Property
Level or Stories 2
Others
Senior Community No
Tax ID 448-222-13-00
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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Bought with Joshua Higgins Compass
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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