Rare opportunity 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). 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.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Appliances
: Disposal, Refrigerator, Range
Address Map
US
CA
SD
Ocean Beach
92107
Long Branch Ave
4845-53
W118° 45' 17.3''
N32° 44' 56.5''
Coastal South
Additional Info
McKee Properties
Additional Information
https://www.propertypanorama.com/instaview/snd/240009492
2
5
Listing Information
653113
121
ACTIVE
2024-05-07T23:03:50Z
sdmls
: N/K
7 Bedrooms
$2,750,000
Listing ID #240009492
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 240009492
Price : $2,750,000
Bedrooms : 7
Status : Active
Property Sub Type : Com-Res Income
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